Securian Asset Management Inc. Has $600,000 Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Securian Asset Management Inc. trimmed its stake in AAON, Inc. (NASDAQ:AAON) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,100 shares of the construction company’s stock after selling 128 shares during the quarter. Securian Asset Management Inc.’s holdings in AAON were worth $600,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. PFG Advisors acquired a new stake in AAON in the fourth quarter worth $1,141,000. HighTower Advisors LLC grew its holdings in AAON by 2.2% in the fourth quarter. HighTower Advisors LLC now owns 13,328 shares of the construction company’s stock worth $1,568,000 after purchasing an additional 285 shares during the period. Inspire Advisors LLC grew its holdings in AAON by 2.7% in the fourth quarter. Inspire Advisors LLC now owns 10,812 shares of the construction company’s stock worth $1,272,000 after purchasing an additional 286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AAON by 4.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,223 shares of the construction company’s stock worth $1,438,000 after purchasing an additional 534 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in AAON by 6.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,868 shares of the construction company’s stock worth $455,000 after purchasing an additional 244 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAON. Robert W. Baird reduced their price target on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday, February 28th. StockNews.com cut shares of AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. DA Davidson reduced their price objective on shares of AAON from $150.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

AAON Stock Up 4.9 %

AAON stock opened at $82.14 on Monday. AAON, Inc. has a fifty-two week low of $69.52 and a fifty-two week high of $144.07. The stock has a market cap of $6.70 billion, a PE ratio of 36.19 and a beta of 1.00. The firm’s 50-day simple moving average is $108.51 and its 200 day simple moving average is $113.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from AAON’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.49%. AAON’s payout ratio is 19.90%.

AAON announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, Director David Raymond Stewart purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at $242,580. This trade represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 18.55% of the stock is owned by corporate 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.