GAMMA Investing LLC Increases Holdings in AAON, Inc. (NASDAQ:AAON)

GAMMA Investing LLC lifted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 56.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,636 shares of the construction company’s stock after purchasing an additional 590 shares during the period. GAMMA Investing LLC’s holdings in AAON were worth $193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after acquiring an additional 198 shares during the period. Westside Investment Management Inc. purchased a new stake in shares of AAON during the 3rd quarter valued at approximately $36,000. ORG Wealth Partners LLC bought a new position in AAON in the 3rd quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new position in AAON in the 3rd quarter worth approximately $43,000. Finally, Advisors Asset Management Inc. grew its stake in AAON by 208.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company’s stock valued at $79,000 after buying an additional 493 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Price Performance

Shares of NASDAQ AAON opened at $120.19 on Thursday. The stock’s 50-day simple moving average is $127.82 and its two-hundred day simple moving average is $106.73. AAON, Inc. has a twelve month low of $68.38 and a twelve month high of $144.07. The firm has a market capitalization of $9.77 billion, a P/E ratio of 52.95 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share 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 company had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. During the same period in the prior year, the business earned $0.64 earnings per share. AAON’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, November 29th. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Wall Street Analyst Weigh In

AAON has been the topic of several recent research reports. DA Davidson increased their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and upped their target price for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Transactions at AAON

In related news, CEO Gary D. Fields sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at $8,488,868.85. The trade was a 35.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the vice president now owns 9,920 shares in the company, valued at $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,329 shares of company stock valued at $7,663,726. Insiders own 18.55% of the company’s stock.

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.