Swedbank AB Increases Position in AAON, Inc. (NASDAQ:AAON)

Swedbank AB raised its position in shares of AAON, Inc. (NASDAQ:AAON) by 6.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,000 shares of the construction company’s stock after purchasing an additional 10,000 shares during the period. Swedbank AB owned approximately 0.22% of AAON worth $19,088,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new position in shares of AAON during the 1st quarter valued at about $518,000. PEAK6 Investments LLC lifted its holdings in shares of AAON by 31.6% in the 1st quarter. PEAK6 Investments LLC now owns 8,790 shares of the construction company’s stock worth $774,000 after acquiring an additional 2,109 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of AAON by 1.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after purchasing an additional 6,766 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of AAON during the 1st quarter valued at $281,000. Finally, Janus Henderson Group PLC grew its holdings in shares of AAON by 79.8% during the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after purchasing an additional 26,141 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $8,488,868.85. This represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,217 shares of company stock worth $5,467,162 over the last 90 days. 18.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

AAON Trading Up 0.1 %

NASDAQ AAON opened at $137.59 on Tuesday. The stock has a market cap of $11.18 billion, a P/E ratio of 61.14 and a beta of 0.79. AAON, Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $144.07. The stock has a 50 day simple moving average of $114.92 and a two-hundred day simple moving average of $94.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. On average, analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 29th. AAON’s payout ratio is 14.10%.

About AAON

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.