HighTower Advisors LLC Grows Stock Position in AAON, Inc. (NASDAQ:AAON)

HighTower Advisors LLC boosted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 46.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,043 shares of the construction company’s stock after acquiring an additional 4,146 shares during the quarter. HighTower Advisors LLC’s holdings in AAON were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AAON. SG Americas Securities LLC grew its holdings in shares of AAON by 206.2% in the second quarter. SG Americas Securities LLC now owns 7,373 shares of the construction company’s stock worth $643,000 after purchasing an additional 4,965 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in AAON in the 2nd quarter worth $281,000. ORG Partners LLC purchased a new position in shares of AAON in the second quarter valued at about $29,000. Raymond James & Associates raised its stake in shares of AAON by 79.9% during the second quarter. Raymond James & Associates now owns 138,221 shares of the construction company’s stock valued at $12,058,000 after acquiring an additional 61,378 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of AAON during the second quarter worth about $188,000. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

AAON Trading Up 0.0 %

AAON opened at $131.32 on Monday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 52 week low of $67.99 and a 52 week high of $144.07. The stock has a market cap of $10.67 billion, a PE ratio of 57.85 and a beta of 0.83. The business has a 50 day moving average of $123.82 and a 200-day moving average of $101.10.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The business 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 company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. Equities research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

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

Insiders Place Their Bets

In other news, VP Casey Kidwell sold 1,421 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. This represents a 22.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stephen E. Wakefield sold 5,750 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the transaction, the vice president now owns 9,920 shares of the company’s stock, valued at $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,967 shares of company stock worth $6,961,357. 18.55% of the stock is currently owned by company insiders.

AAON Company 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.