Zacks Investment Management Takes Position in AAON, Inc. (NASDAQ:AAON)

Zacks Investment Management acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,425 shares of the construction company's stock, valued at approximately $693,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in AAON by 65.2% during the second quarter. Amalgamated Bank now owns 35,367 shares of the construction company's stock valued at $3,085,000 after acquiring an additional 13,964 shares during the period. Geneva Capital Management LLC lifted its stake in AAON by 1.5% during the third quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company's stock worth $183,135,000 after purchasing an additional 24,384 shares during the period. Swedbank AB acquired a new stake in AAON in the 2nd quarter valued at $14,569,000. Raymond James & Associates boosted its position in AAON by 3.4% in the third quarter. Raymond James & Associates now owns 142,930 shares of the construction company's stock valued at $15,414,000 after buying an additional 4,709 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in AAON by 122.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company's stock valued at $1,777,000 after purchasing an additional 9,063 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AAON shares. DA Davidson boosted their target price on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Sidoti lowered shares of AAON from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Robert W. Baird upped their target price on AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $133.00.

Insider Buying and Selling at AAON

In related news, CFO Rebecca Thompson sold 5,000 shares of AAON stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the transaction, the chief financial officer now directly owns 17,297 shares of the company's stock, valued at $2,386,986. This trade represents a 22.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Casey Kidwell sold 1,421 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the sale, the vice president now owns 4,953 shares of the company's stock, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,967 shares of company stock valued at $6,961,357 in the last three months. 18.55% of the stock is currently owned by corporate insiders.

AAON Price Performance

AAON stock traded up $3.19 during mid-day trading on Wednesday, hitting $132.36. 389,679 shares of the company traded hands, compared to its average volume of 591,896. AAON, Inc. has a one year low of $64.53 and a one year high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 56.90 and a beta of 0.83. The stock has a fifty day moving average price of $122.37 and a 200-day moving average price of $99.94.

AAON (NASDAQ:AAON - Get Free Report) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. During the same period in the previous year, the company posted $0.64 earnings per share. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON's payout ratio is 14.10%.

AAON Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.