Driehaus Capital Management LLC Grows Position in AAON, Inc. (NASDAQ:AAON)

Driehaus Capital Management LLC boosted its holdings in AAON, Inc. (NASDAQ:AAON) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 385,026 shares of the construction company’s stock after acquiring an additional 27,692 shares during the quarter. Driehaus Capital Management LLC’s holdings in AAON were worth $33,590,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AAON. Vanguard Group Inc. increased its position in shares of AAON by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after buying an additional 61,544 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of AAON by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after buying an additional 24,095 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of AAON by 106.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock valued at $95,010,000 after buying an additional 561,195 shares in the last quarter. Wasatch Advisors LP increased its position in shares of AAON by 5.0% in the fourth quarter. Wasatch Advisors LP now owns 1,024,860 shares of the construction company’s stock valued at $75,706,000 after buying an additional 49,007 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of AAON by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 958,225 shares of the construction company’s stock valued at $83,596,000 after buying an additional 157,699 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Up 0.1 %

Shares of NASDAQ:AAON opened at $107.09 on Friday. The stock’s 50-day moving average price is $92.19 and its two-hundred day moving average price is $86.13. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $109.07. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 49.81 and a beta of 0.80.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million for the quarter, compared to analyst estimates of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. On average, research analysts forecast that AAON, Inc. will post 2.29 EPS for the current year.

AAON Dividend Announcement

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

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the sale, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the sale, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were 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 $5,542,871.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,609 shares of company stock worth $5,441,927. 18.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AAON has been the subject of a number of research analyst reports. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. DA Davidson restated a “buy” rating and issued a $102.00 price target on shares of AAON in a research report on Wednesday, June 26th. Baird R W raised AAON to a “hold” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird increased their price objective on AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AAON currently has an average rating of “Hold” and an average target price of $102.00.

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.