Vaughan Nelson Investment Management L.P. Increases Position in AAON, Inc. (NASDAQ:AAON)

Vaughan Nelson Investment Management L.P. lifted its position in shares of AAON, Inc. (NASDAQ:AAON) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,225,600 shares of the construction company’s stock after purchasing an additional 136,530 shares during the period. AAON comprises approximately 1.2% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 26th largest position. Vaughan Nelson Investment Management L.P. owned approximately 1.51% of AAON worth $132,169,000 at the end of the most recent quarter.

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

Insider Transactions at AAON

In other news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 18.55% of the company’s stock.

AAON Price Performance

Shares of NASDAQ:AAON opened at $133.46 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The business’s fifty day moving average price is $110.69 and its two-hundred day moving average price is $93.11. The stock has a market cap of $10.85 billion, a PE ratio of 58.79 and a beta of 0.79. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $315.80 million. During the same period in the previous year, the company earned $0.64 EPS. AAON’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. AAON’s dividend payout ratio is presently 14.10%.

Wall Street Analyst Weigh In

AAON has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. DA Davidson increased their price target on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.00.

About AAON

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.