Wilmington Savings Fund Society FSB Makes New $43,000 Investment in AAON, Inc. (NASDAQ:AAON)

Wilmington Savings Fund Society FSB bought a new position in shares of AAON, Inc. (NASDAQ:AAON) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 400 shares of the construction company’s stock, valued at approximately $43,000.

Several other hedge funds also recently made changes to their positions in AAON. Westside Investment Management Inc. acquired a new stake in shares of AAON during the 3rd quarter worth $36,000. Geode Capital Management LLC grew its stake in AAON by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,234,036 shares of the construction company’s stock worth $133,110,000 after buying an additional 6,338 shares in the last quarter. Conway Capital Management Inc. bought a new position in AAON in the 3rd quarter valued at about $270,000. M&T Bank Corp raised its position in shares of AAON by 58.0% in the 3rd quarter. M&T Bank Corp now owns 35,592 shares of the construction company’s stock valued at $3,838,000 after buying an additional 13,065 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of AAON by 182.2% during the 3rd quarter. Barclays PLC now owns 84,472 shares of the construction company’s stock worth $9,111,000 after acquiring an additional 54,535 shares during the period. 70.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the sale, the vice president now owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This represents a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $654,078.48. Following the completion of the transaction, the vice president now owns 4,953 shares in the company, valued at $675,490.14. This trade represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,329 shares of company stock valued at $7,663,726 in the last three months. Insiders own 18.55% of the company’s stock.

AAON Price Performance

AAON stock opened at $124.13 on Monday. The stock has a 50-day moving average price of $125.55 and a two-hundred day moving average price of $102.96. AAON, Inc. has a 12 month low of $68.38 and a 12 month high of $144.07. The company has a market capitalization of $10.09 billion, a PE ratio of 54.68 and a beta of 0.83. 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 data on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating 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 business had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. During the same quarter last year, the business earned $0.64 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. AAON’s payout ratio is 14.10%.

Analyst Upgrades and Downgrades

Several research analysts have commented on AAON shares. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird lifted their target price on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and increased their target price for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, DA Davidson lifted 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. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

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.