Portside Wealth Group LLC Buys 1,168 Shares of AAON, Inc. (NASDAQ:AAON)

Portside Wealth Group LLC boosted its stake in AAON, Inc. (NASDAQ:AAON) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,672 shares of the construction company’s stock after acquiring an additional 1,168 shares during the period. Portside Wealth Group LLC’s holdings in AAON were worth $1,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAON. ORG Partners LLC acquired a new position in shares of AAON in the 2nd quarter valued at about $29,000. Blue Trust Inc. lifted its stake in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares during the period. Crewe Advisors LLC bought a new position in shares of AAON during the 2nd quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON during the 3rd quarter worth approximately $37,000. Finally, Signaturefd LLC increased its stake in shares of AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and raised their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Robert W. Baird raised AAON from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $114.00 to $130.00 in a research report on Monday, October 28th. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AAON presently has an average rating of “Moderate Buy” and a consensus target price of $114.33.

AAON Trading Down 1.0 %

NASDAQ:AAON opened at $119.10 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70. AAON, Inc. has a one year low of $57.19 and a one year high of $122.97. The company has a market cap of $9.65 billion, a PE ratio of 53.65 and a beta of 0.79. The firm has a 50-day moving average of $105.21 and a 200-day moving average of $91.18.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio (DPR) is presently 14.41%.

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.