Creative Planning Buys 3,252 Shares of AAON, Inc. (NASDAQ:AAON)

Creative Planning grew its stake in shares of AAON, Inc. (NASDAQ:AAON) by 17.7% during the third quarter, HoldingsChannel reports. The firm owned 21,673 shares of the construction company’s stock after purchasing an additional 3,252 shares during the quarter. Creative Planning’s holdings in AAON were worth $2,337,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its position in AAON by 106.3% during the 2nd 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 acquiring an additional 561,195 shares during the period. Blair William & Co. IL purchased a new position in AAON during the 2nd quarter valued at about $44,934,000. Millennium Management LLC lifted its position in AAON by 212.3% during the 2nd quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock valued at $57,278,000 after acquiring an additional 446,344 shares during the period. Allspring Global Investments Holdings LLC lifted its position in AAON by 552.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock valued at $30,541,000 after acquiring an additional 296,423 shares during the period. Finally, Norden Group LLC lifted its position in AAON by 2,604.7% during the 1st quarter. Norden Group LLC now owns 305,550 shares of the construction company’s stock valued at $26,920,000 after acquiring an additional 294,253 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Activity

In other news, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares of the company’s stock, valued at $448,850.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares of the company’s stock, valued at $448,850.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $5,542,871.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AAON. Robert W. Baird lifted their price target on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Baird R W raised shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $105.00.

AAON Stock Up 4.6 %

Shares of AAON stock opened at $111.19 on Monday. 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 company has a 50-day simple moving average of $100.92 and a two-hundred day simple moving average of $89.37. AAON, Inc. has a 52-week low of $53.03 and a 52-week high of $113.86. The stock has a market capitalization of $9.14 billion, a PE ratio of 51.72 and a beta of 0.80.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. AAON had a net margin of 15.60% and a return on equity of 26.02%. The firm had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. During the same period in the previous year, the company earned $0.55 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate that AAON, Inc. will post 2.28 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 annualized dividend and a dividend yield of 0.29%. AAON’s payout ratio 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.