AAON, Inc. (NASDAQ:AAON) Shares Purchased by Allied Investment Advisors LLC

Allied Investment Advisors LLC increased its holdings in AAON, Inc. (NASDAQ:AAON) by 23.3% during the third quarter, HoldingsChannel reports. The fund owned 148,198 shares of the construction company’s stock after acquiring an additional 28,006 shares during the quarter. AAON accounts for about 3.2% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Allied Investment Advisors LLC’s holdings in AAON were worth $15,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in AAON during the 2nd quarter valued at $250,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of AAON by 11.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 22,242 shares of the construction company’s stock valued at $1,941,000 after purchasing an additional 2,237 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in AAON by 32.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 6,495 shares of the construction company’s stock worth $567,000 after purchasing an additional 1,582 shares during the last quarter. Creative Planning grew its position in AAON by 27.1% in the 2nd quarter. Creative Planning now owns 18,421 shares of the construction company’s stock worth $1,607,000 after purchasing an additional 3,925 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in AAON in the 2nd quarter valued at about $1,779,000. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gary D. Fields sold 20,641 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total value of $1,779,460.61. Following the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now owns 5,135 shares of the company’s stock, valued at approximately $448,850.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,609 shares of company stock worth $5,441,927 in the last quarter. 18.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAON. Baird R W upgraded AAON to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird raised their target price on AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $102.00 target price on shares of AAON in a research note on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, AAON currently has an average rating of “Hold” and an average target price of $102.00.

AAON Stock Performance

NASDAQ AAON traded up $0.52 during trading on Friday, hitting $107.71. 211,057 shares of the company’s stock traded hands, compared to its average volume of 631,819. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 50.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The business has a 50 day moving average of $94.19 and a 200-day moving average of $87.03. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $109.46.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. AAON had a net margin of 15.60% and a return on equity of 26.02%. The company had revenue of $313.57 million for the quarter, compared to analysts’ expectations of $283.77 million. During the same period in the prior year, the company posted $0.55 EPS. AAON’s revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts anticipate that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. AAON’s dividend payout ratio (DPR) is 14.88%.

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.