AAON, Inc. (NASDAQ:AAON) Stock Holdings Boosted by Voya Investment Management LLC

Voya Investment Management LLC grew its position in shares of AAON, Inc. (NASDAQ:AAON) by 184.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 90,559 shares of the construction company’s stock after purchasing an additional 58,727 shares during the quarter. Voya Investment Management LLC owned 0.11% of AAON worth $10,657,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. grew its holdings in AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after acquiring an additional 193 shares during the period. Twin Tree Management LP bought a new position in shares of AAON during the 4th quarter valued at about $33,000. Westside Investment Management Inc. acquired a new position in shares of AAON in the 3rd quarter worth approximately $36,000. UMB Bank n.a. raised its holdings in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after purchasing an additional 131 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock valued at $41,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AAON. StockNews.com cut AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Friday, February 28th. DA Davidson reduced their target price on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Robert W. Baird dropped their price target on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.50.

AAON Stock Up 1.0 %

Shares of AAON stock opened at $88.79 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07. The stock has a 50-day moving average price of $82.73 and a 200 day moving average price of $108.92. The company has a market cap of $7.22 billion, a P/E ratio of 39.11 and a beta of 0.96.

AAON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a dividend of $0.10 per share. This is a boost from AAON’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Tuesday, March 18th. AAON’s dividend payout ratio (DPR) is currently 19.90%.

AAON announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the construction company to repurchase up to 0.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at AAON

In other news, Director David Raymond Stewart acquired 1,000 shares of AAON stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $80.86 per share, with a total value of $80,860.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at approximately $242,580. This trade represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 18.55% of the stock is currently owned by insiders.

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.