3,464 Shares in AAON, Inc. (NASDAQ:AAON) Bought by GTS Securities LLC

GTS Securities LLC bought a new position in AAON, Inc. (NASDAQ:AAON) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,464 shares of the construction company’s stock, valued at approximately $408,000.

A number of other large investors also recently added to or reduced their stakes in AAON. PNC Financial Services Group Inc. grew its holdings in AAON by 6.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,868 shares of the construction company’s stock worth $455,000 after acquiring an additional 244 shares during the last quarter. Avior Wealth Management LLC grew its holdings in AAON by 5,040.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company’s stock worth $284,000 after acquiring an additional 2,369 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in AAON by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after acquiring an additional 150,207 shares during the last quarter. American Century Companies Inc. grew its holdings in AAON by 19.3% in the 4th quarter. American Century Companies Inc. now owns 68,760 shares of the construction company’s stock worth $8,092,000 after acquiring an additional 11,140 shares during the last quarter. Finally, Highland Capital Management LLC bought a new stake in AAON in the 4th quarter worth $615,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity

In other AAON news, Director David Raymond Stewart purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.86 per share, with a total value of $80,860.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. The trade was a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary D. Fields sold 37,189 shares of AAON stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the transaction, the chief executive officer now directly owns 63,714 shares of the company’s stock, valued at approximately $6,256,714.80. This trade represents a 36.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,823 shares of company stock valued at $7,122,451. Corporate insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

AAON has been the topic of a number of recent analyst reports. DA Davidson cut their price target on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Robert W. Baird cut their price target on shares of AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Friday, February 28th. Finally, Wall Street Zen lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.50.

AAON Trading Up 1.1%

Shares of AAON opened at $100.19 on Wednesday. The firm’s 50-day moving average price is $88.93 and its 200-day moving average price is $106.93. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 44.14 and a beta of 1.06. 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, Inc. has a 1-year low of $68.98 and a 1-year high of $144.07.

AAON (NASDAQ:AAON) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. The firm had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 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 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. Sell-side analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 4th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the construction company to repurchase up to 0.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, June 6th. AAON’s payout ratio is 21.05%.

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.