AAON, Inc. $AAON Shares Acquired by Ranger Investment Management L.P.

Ranger Investment Management L.P. increased its stake in AAON, Inc. (NASDAQ:AAON) by 14.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,960 shares of the construction company’s stock after purchasing an additional 53,532 shares during the period. AAON accounts for 2.2% of Ranger Investment Management L.P.’s portfolio, making the stock its 13th largest position. Ranger Investment Management L.P.’s holdings in AAON were worth $32,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Impax Asset Management Group plc boosted its position in AAON by 25.0% during the 2nd quarter. Impax Asset Management Group plc now owns 587,296 shares of the construction company’s stock worth $42,715,000 after acquiring an additional 117,446 shares during the period. Arcadia Investment Management Corp MI boosted its holdings in shares of AAON by 88.8% in the second quarter. Arcadia Investment Management Corp MI now owns 27,825 shares of the construction company’s stock valued at $2,052,000 after acquiring an additional 13,087 shares in the last quarter. ABN Amro Investment Solutions acquired a new position in shares of AAON during the second quarter valued at approximately $947,000. Advantage Alpha Capital Partners LP acquired a new position in shares of AAON during the second quarter valued at approximately $5,574,000. Finally, King Luther Capital Management Corp raised its holdings in AAON by 1,346.0% during the second quarter. King Luther Capital Management Corp now owns 53,502 shares of the construction company’s stock worth $3,946,000 after purchasing an additional 49,802 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Insider Activity at AAON

In other news, Director Gary D. Fields sold 26,746 shares of AAON stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $105.21, for a total value of $2,813,946.66. Following the transaction, the director directly owned 26,340 shares of the company’s stock, valued at $2,771,231.40. This trade represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 18.70% of the stock is currently owned by insiders.

AAON Stock Performance

AAON opened at $77.93 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.36 billion, a PE ratio of 64.40 and a beta of 1.06. The business has a fifty day simple moving average of $96.01 and a 200-day simple moving average of $87.10. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $137.90.

AAON (NASDAQ:AAON) last announced its earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%.The business had revenue of $322.05 million during the quarter. As a group, equities analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON’s dividend payout ratio is currently 33.06%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AAON shares. Wall Street Zen lowered AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $115.00 price target on shares of AAON in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

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.