AAON, Inc. (NASDAQ:AAON) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC reduced its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,165 shares of the construction company’s stock after selling 463 shares during the period. Lindenwold Advisors INC’s holdings in AAON were worth $372,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of AAON during the fourth quarter worth about $73,313,000. Wasatch Advisors LP lifted its position in AAON by 39.1% during the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock worth $201,310,000 after acquiring an additional 525,132 shares during the period. Franklin Resources Inc. grew its stake in shares of AAON by 258.8% in the 3rd quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company’s stock valued at $37,014,000 after purchasing an additional 238,308 shares during the last quarter. FMR LLC increased its holdings in shares of AAON by 9.6% in the third quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock valued at $186,509,000 after purchasing an additional 151,540 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of AAON by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after purchasing an additional 150,207 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AAON shares. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Friday, February 28th. DA Davidson dropped their price target on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Robert W. Baird dropped their target price on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

Insider Transactions at AAON

In other news, Director David Raymond Stewart acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $80.86 per share, with a total value of $80,860.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. This represents a 50.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 18.55% of the company’s stock.

AAON Trading Down 3.6 %

Shares of AAON opened at $79.80 on Wednesday. AAON, Inc. has a twelve month low of $69.52 and a twelve month high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $6.51 billion, a P/E ratio of 35.15 and a beta of 1.00. The firm’s 50-day moving average is $106.90 and its two-hundred day moving average is $113.34.

AAON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. This is a boost from AAON’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, March 18th. AAON’s dividend payout ratio is presently 19.90%.

AAON announced that its Board of Directors has approved a share buyback plan on Tuesday, March 4th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the construction company to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.