AAON, Inc. (NASDAQ:AAON) Shares Acquired by Archer Investment Corp

Archer Investment Corp increased its stake in AAON, Inc. (NASDAQ:AAON) by 40.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,575 shares of the construction company’s stock after purchasing an additional 450 shares during the period. Archer Investment Corp’s holdings in AAON were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AAON. NBC Securities Inc. lifted its stake in AAON by 4.5% in the 3rd quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock worth $388,000 after purchasing an additional 156 shares in the last quarter. Ascent Wealth Partners LLC grew its position in shares of AAON by 1.1% during the second quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock worth $1,456,000 after buying an additional 178 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 198 shares during the last quarter. New York State Teachers Retirement System increased its holdings in AAON by 1.0% in the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock valued at $2,083,000 after buying an additional 200 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after acquiring an additional 238 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction dated 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 directly owns 4,953 shares in the company, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

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

AAON Stock Up 0.2 %

Shares of AAON stock opened at $133.46 on Friday. The stock has a 50-day simple moving average of $110.69 and a 200-day simple moving average of $93.12. AAON, Inc. has a 52-week low of $61.09 and a 52-week high of $144.07. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 58.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. On average, equities research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s dividend payout ratio is currently 14.10%.

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.