Xponance Inc. Has $1.61 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

Xponance Inc. lifted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,711 shares of the construction company’s stock after purchasing an additional 297 shares during the quarter. Xponance Inc.’s holdings in AAON were worth $1,614,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in shares of AAON by 28.4% during the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after purchasing an additional 84 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of AAON by 1.0% during the 3rd quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock worth $949,000 after buying an additional 89 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of AAON by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock worth $2,201,000 after buying an additional 100 shares during the last quarter. Conway Capital Management Inc. lifted its position in shares of AAON by 4.0% during the 4th quarter. Conway Capital Management Inc. now owns 2,602 shares of the construction company’s stock worth $306,000 after buying an additional 101 shares during the last quarter. Finally, Ascent Wealth Partners LLC lifted its position in shares of AAON by 0.4% during the 4th quarter. Ascent Wealth Partners LLC now owns 29,881 shares of the construction company’s stock worth $3,516,000 after buying an additional 113 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AAON

In related news, Director David Raymond Stewart acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $242,580. The trade was a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.55% of the stock is owned by corporate insiders.

AAON Price Performance

AAON stock opened at $79.65 on Friday. 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 company has a market capitalization of $6.50 billion, a PE ratio of 35.09 and a beta of 1.00. AAON, Inc. has a 12 month low of $69.52 and a 12 month high of $144.07. The stock has a 50-day moving average price of $104.46 and a two-hundred day moving average price of $112.93.

AAON declared that its Board of Directors has initiated a share buyback program on Tuesday, March 4th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

AAON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. This is an increase from AAON’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, March 18th. AAON’s dividend payout ratio (DPR) is 19.90%.

Wall Street Analyst Weigh In

AAON has been the subject of several recent analyst reports. Robert W. Baird dropped their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. DA Davidson dropped their price objective on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.50.

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.