AAON, Inc. (NASDAQ:AAON) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in shares of AAON, Inc. (NASDAQ:AAON) by 13,777.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,249 shares of the construction company’s stock after acquiring an additional 1,240 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in AAON were worth $135,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its stake in AAON by 106.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock worth $95,010,000 after purchasing an additional 561,195 shares during the period. Blair William & Co. IL acquired a new position in AAON in the second quarter valued at approximately $44,934,000. Millennium Management LLC lifted its holdings in AAON by 212.3% in the second 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 during the last quarter. Allspring Global Investments Holdings LLC increased its stake in AAON by 552.4% during the second 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 purchased a new stake in AAON in the second quarter valued at $15,700,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the sale, the vice president now directly owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,967 shares of company stock valued at $6,271,357 in the last three months. 18.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

AAON Stock Down 3.1 %

Shares of NASDAQ:AAON opened at $136.03 on Thursday. The firm’s 50-day moving average is $116.63 and its two-hundred day moving average is $95.84. 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, Inc. has a 1 year low of $61.09 and a 1 year high of $144.07. The firm has a market capitalization of $11.06 billion, a PE ratio of 59.93 and a beta of 0.79.

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

AAON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. AAON’s dividend payout ratio (DPR) is presently 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.