AAON, Inc. (NASDAQ:AAON) Stock Position Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its holdings in AAON, Inc. (NASDAQ:AAON) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,646 shares of the construction company’s stock after selling 880 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of AAON worth $5,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AAON. Vaughan Nelson Investment Management L.P. increased its holdings in shares of AAON by 106.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock worth $95,010,000 after acquiring an additional 561,195 shares during the period. Blair William & Co. IL bought a new position in AAON in the 2nd quarter worth about $44,934,000. Millennium Management LLC grew its position in AAON by 212.3% in the 2nd quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock worth $57,278,000 after purchasing an additional 446,344 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of AAON by 552.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock valued at $30,541,000 after purchasing an additional 296,423 shares during the period. Finally, Fred Alger Management LLC bought a new stake in shares of AAON during the second quarter valued at approximately $15,700,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Stock Up 16.1 %

Shares of AAON stock opened at $138.24 on Friday. AAON, Inc. has a 1 year low of $57.19 and a 1 year high of $139.63. 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’s fifty day moving average is $106.07 and its 200-day moving average is $91.56. The stock has a market cap of $11.20 billion, a PE ratio of 62.27 and a beta of 0.79.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. AAON had a return on equity of 26.02% and a net margin of 15.60%. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same period in the previous year, the company earned $0.64 earnings per share. AAON’s revenue was up 4.9% compared to the same quarter last year. Equities analysts expect that AAON, Inc. will post 2.28 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, September 6th. AAON’s dividend payout ratio is presently 14.41%.

Analyst Upgrades and Downgrades

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

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.