Townsquare Capital LLC lifted its position in AAON, Inc. (NASDAQ:AAON – Free Report) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,274 shares of the construction company’s stock after purchasing an additional 6,012 shares during the quarter. Townsquare Capital LLC owned 0.15% of AAON worth $13,402,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AAON. ORG Partners LLC bought a new position in shares of AAON during the 2nd quarter worth about $29,000. Blue Trust Inc. grew its stake in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares during the period. Crewe Advisors LLC bought a new stake in shares of AAON in the 2nd quarter valued at approximately $35,000. ORG Wealth Partners LLC acquired a new position in shares of AAON in the 3rd quarter worth approximately $37,000. Finally, Signaturefd LLC lifted its position in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after buying an additional 238 shares during the period. 70.81% of the stock is owned by institutional investors.
AAON Stock Performance
Shares of AAON stock opened at $140.45 on Wednesday. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The stock has a market cap of $11.42 billion, a PE ratio of 60.61 and a beta of 0.79. The stock has a 50-day moving average of $115.75 and a 200-day moving average of $95.40.
AAON Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. AAON’s dividend payout ratio is currently 14.10%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on AAON shares. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Robert W. Baird upped their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, DA Davidson increased their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.00.
Read Our Latest Report on AAON
Insider Buying and Selling
In other news, VP Casey Kidwell sold 4,796 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at $675,490.14. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the sale, the vice president now owns 9,920 shares in the company, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,967 shares of company stock worth $6,271,357. 18.55% of the stock is owned by corporate insiders.
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.
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