Axxcess Wealth Management LLC Invests $361,000 in AAON, Inc. (NASDAQ:AAON)

Axxcess Wealth Management LLC acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the third quarter, HoldingsChannel.com reports. The fund acquired 3,352 shares of the construction company’s stock, valued at approximately $361,000.

Several other hedge funds have also bought and sold shares of AAON. Equitable Trust Co. purchased a new stake in shares of AAON during the 3rd quarter worth approximately $238,000. Portside Wealth Group LLC increased its holdings in shares of AAON by 7.1% in the 3rd quarter. Portside Wealth Group LLC now owns 17,672 shares of the construction company’s stock worth $1,906,000 after buying an additional 1,168 shares during the last quarter. Ascent Wealth Partners LLC lifted its holdings in shares of AAON by 78.3% in the 3rd quarter. Ascent Wealth Partners LLC now owns 29,768 shares of the construction company’s stock valued at $3,209,000 after acquiring an additional 13,076 shares during the last quarter. Malaga Cove Capital LLC bought a new position in shares of AAON in the 3rd quarter valued at about $207,000. Finally, Van ECK Associates Corp grew its position in AAON by 40.0% in the third quarter. Van ECK Associates Corp now owns 49,111 shares of the construction company’s stock worth $5,249,000 after acquiring an additional 14,033 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other AAON news, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the transaction, the vice president now owns 4,953 shares in the company, valued at $675,490.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 18.55% of the stock is owned by insiders.

AAON Trading Down 2.3 %

AAON stock opened at $134.63 on Thursday. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $108.85 and its two-hundred day simple moving average is $92.56. AAON, Inc. has a 12 month low of $59.71 and a 12 month high of $144.07. The firm has a market cap of $10.94 billion, a PE ratio of 59.31 and a beta of 0.79.

AAON (NASDAQ:AAON) last issued its quarterly 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. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 earnings per share. Analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. AAON’s dividend payout ratio (DPR) is 14.10%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AAON shares. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. DA Davidson raised their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Baird R W upgraded 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 increased their target price for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, Robert W. Baird boosted 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, November 8th. Two 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 company. Based on data from MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and a consensus price target 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.