AAON, Inc. (NASDAQ:AAON) is Conestoga Capital Advisors LLC’s 7th Largest Position

Conestoga Capital Advisors LLC lowered its position in AAON, Inc. (NASDAQ:AAON) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,890,640 shares of the construction company’s stock after selling 234,546 shares during the period. AAON makes up about 2.9% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 7th largest position. Conestoga Capital Advisors LLC owned approximately 2.33% of AAON worth $222,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in AAON by 66.0% in the 2nd quarter. AQR Capital Management LLC now owns 19,597 shares of the construction company’s stock worth $1,710,000 after purchasing an additional 7,789 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in AAON by 55.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,751 shares of the construction company’s stock worth $5,125,000 after purchasing an additional 20,841 shares in the last quarter. Creative Planning grew its position in AAON by 27.1% during the second quarter. Creative Planning now owns 18,421 shares of the construction company’s stock valued at $1,607,000 after buying an additional 3,925 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of AAON by 32.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,495 shares of the construction company’s stock valued at $567,000 after acquiring an additional 1,582 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in AAON in the second quarter valued at approximately $250,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Trading Down 0.2 %

NASDAQ:AAON opened at $116.38 on Monday. The stock has a fifty day moving average price of $126.76 and a 200 day moving average price of $111.52. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12-month low of $70.14 and a 12-month high of $144.07. The firm has a market cap of $9.46 billion, a PE ratio of 51.27 and a beta of 0.87.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 29th. AAON’s dividend payout ratio is presently 14.10%.

Analyst Ratings Changes

A number of research firms have recently commented on AAON. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson upped their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Robert W. Baird upped their target price on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Transactions at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the sale, the vice president now owns 4,953 shares in the company, valued at approximately $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares of the company’s stock, valued at $2,386,986. This trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,329 shares of company stock valued at $7,663,726. Corporate insiders own 18.55% of the company’s stock.

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.