Greenwood Capital Associates LLC Decreases Position in AAON, Inc. (NASDAQ:AAON)

Greenwood Capital Associates LLC lessened its holdings in AAON, Inc. (NASDAQ:AAON) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,820 shares of the construction company’s stock after selling 243 shares during the quarter. Greenwood Capital Associates LLC’s holdings in AAON were worth $951,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock worth $641,267,000 after purchasing an additional 61,544 shares during the period. Janney Montgomery Scott LLC raised its position in AAON by 99.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock worth $1,520,000 after purchasing an additional 8,613 shares during the period. Janus Henderson Group PLC increased its position in shares of AAON by 79.8% in the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after acquiring an additional 26,141 shares during the period. Lord Abbett & CO. LLC increased its position in shares of AAON by 18.9% in the first quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock valued at $52,226,000 after acquiring an additional 94,026 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of AAON by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after acquiring an additional 6,766 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

AAON has been the subject of several recent analyst reports. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and upped their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, Robert W. Baird raised shares of AAON from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $114.00 to $130.00 in a research note on Monday, October 28th. Two research 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, AAON presently has a consensus rating of “Moderate Buy” and an average target price of $114.33.

AAON Price Performance

AAON stock opened at $113.02 on Wednesday. AAON, Inc. has a 1 year low of $56.70 and a 1 year high of $122.97. The company has a market cap of $9.16 billion, a P/E ratio of 50.91 and a beta of 0.79. The firm has a 50-day moving average of $104.15 and a 200 day moving average of $90.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, September 6th. AAON’s payout ratio is currently 14.41%.

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.