Erste Asset Management GmbH Acquires New Shares in AAON, Inc. (NASDAQ:AAON)

Erste Asset Management GmbH bought a new position in AAON, Inc. (NASDAQ:AAON) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 74,420 shares of the construction company’s stock, valued at approximately $8,000,000. Erste Asset Management GmbH owned about 0.09% of AAON as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AAON. Captrust Financial Advisors grew its stake in shares of AAON by 1.0% in the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock worth $949,000 after acquiring an additional 89 shares during the period. NBC Securities Inc. grew its position in AAON by 4.5% in the 3rd quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock worth $388,000 after purchasing an additional 156 shares during the period. Ascent Wealth Partners LLC raised its stake in AAON by 1.1% during the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after buying an additional 178 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of AAON by 202.0% during the 3rd 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. Finally, New York State Teachers Retirement System boosted its stake in shares of AAON by 1.0% in the 3rd quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock worth $2,083,000 after buying an additional 200 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AAON shares. DA Davidson upped their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and upped their price target for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. 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 report on Friday, November 8th. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Trading Up 0.2 %

Shares of NASDAQ:AAON opened at $136.34 on Monday. The stock has a 50 day moving average of $118.73 and a 200 day moving average of $97.12. The company has a market cap of $11.08 billion, a PE ratio of 60.06 and a beta of 0.79. AAON, Inc. has a 12-month low of $61.09 and a 12-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.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. As a group, equities research analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. AAON’s payout ratio is presently 14.10%.

Insider Buying and Selling at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the sale, the vice president now directly owns 9,920 shares of the company’s stock, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 46,967 shares of company stock valued at $6,271,357 over the last ninety days. 18.55% of the stock is currently owned by company 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.