Rockefeller Capital Management L.P. lessened its position in AAON, Inc. (NASDAQ:AAON – Get Rating) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 358,909 shares of the construction company’s stock after selling 2,893 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.68% of AAON worth $19,336,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of AAON. Strs Ohio acquired a new stake in shares of AAON in the 3rd quarter worth about $32,000. Group One Trading L.P. bought a new position in AAON in the 1st quarter valued at about $39,000. Pinnacle Financial Partners Inc. bought a new position in AAON in the 3rd quarter valued at about $40,000. Lazard Asset Management LLC bought a new position in AAON in the 1st quarter valued at about $53,000. Finally, Nisa Investment Advisors LLC bought a new position in AAON in the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 70.08% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. TheStreet upgraded shares of AAON from a “c+” rating to a “b” rating in a research report on Wednesday, November 9th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, November 19th. Finally, DA Davidson raised their price objective on shares of AAON to $75.00 in a research report on Tuesday, November 15th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.33.
AAON Price Performance
AAON stock opened at $75.32 on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. AAON, Inc. has a one year low of $47.50 and a one year high of $83.00. The firm has a market capitalization of $4.01 billion, a PE ratio of 60.26 and a beta of 0.81. The firm has a 50-day moving average of $77.32 and a two-hundred day moving average of $65.03.
AAON (NASDAQ:AAON – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The construction company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. AAON had a net margin of 8.78% and a return on equity of 14.48%. The company had revenue of $242.61 million during the quarter. On average, analysts forecast that AAON, Inc. will post 1.7 earnings per share for the current year.
AAON Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 28th were given a $0.24 dividend. This represents a dividend yield of 0.6%. This is a positive change from AAON’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend was Friday, November 25th. AAON’s dividend payout ratio is 38.40%.
Insider Transactions at AAON
In related news, VP Rony D. Gadiwalla sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $63.13, for a total transaction of $126,260.00. Following the transaction, the vice president now owns 20,726 shares of the company’s stock, valued at $1,308,432.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Rony D. Gadiwalla sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $63.13, for a total transaction of $126,260.00. Following the transaction, the vice president now owns 20,726 shares of the company’s stock, valued at $1,308,432.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Rony D. Gadiwalla sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $57.68, for a total transaction of $547,960.00. Following the transaction, the vice president now directly owns 20,726 shares in the company, valued at approximately $1,195,475.68. The disclosure for this sale can be found here. Insiders sold 36,719 shares of company stock valued at $2,677,351 over the last three months. 19.27% of the stock is owned by corporate insiders.
AAON 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.