Nicolet Advisory Services LLC Has $849,000 Position in AAON, Inc. (NASDAQ:AAON)

Nicolet Advisory Services LLC lifted its holdings in AAON, Inc. (NASDAQ:AAON) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,916 shares of the construction company’s stock after buying an additional 581 shares during the quarter. Nicolet Advisory Services LLC’s holdings in AAON were worth $849,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of AAON by 106.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock valued at $95,010,000 after purchasing an additional 561,195 shares in the last quarter. Blair William & Co. IL acquired a new stake in AAON in the 2nd quarter valued at approximately $44,934,000. Millennium Management LLC lifted its stake in AAON by 212.3% in the 2nd quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock valued at $57,278,000 after acquiring an additional 446,344 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in AAON by 552.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock worth $30,541,000 after acquiring an additional 296,423 shares during the last quarter. Finally, Fred Alger Management LLC bought a new position in shares of AAON during the 2nd quarter worth approximately $15,700,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at AAON

In related news, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now owns 4,953 shares in the company, valued at approximately $675,490.14. This represents a 49.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,217 shares of company stock worth $5,467,162 over the last ninety days. Insiders own 18.55% of the company’s stock.

AAON Trading Up 1.4 %

Shares of NASDAQ:AAON opened at $137.42 on Friday. AAON, Inc. has a 52-week low of $61.09 and a 52-week high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market capitalization of $11.17 billion, a P/E ratio of 60.54 and a beta of 0.79. The company has a 50-day simple moving average of $114.92 and a 200 day simple moving average of $94.74.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. Sell-side analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. AAON’s dividend payout ratio (DPR) is 14.10%.

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.