Index Fund Advisors Inc. Takes $271,000 Position in AAON, Inc. $AAON

Index Fund Advisors Inc. purchased a new stake in AAON, Inc. (NASDAQ:AAON) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,677 shares of the construction company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in shares of AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after purchasing an additional 276 shares during the period. UMB Bank n.a. increased its holdings in AAON by 81.2% during the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company’s stock worth $46,000 after acquiring an additional 264 shares during the period. CWM LLC increased its holdings in AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after acquiring an additional 192 shares during the period. SBI Securities Co. Ltd. increased its holdings in AAON by 987.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,174 shares of the construction company’s stock worth $92,000 after acquiring an additional 1,066 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in AAON during the 2nd quarter worth approximately $91,000. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

Shares of NASDAQ:AAON opened at $99.50 on Monday. The company’s fifty day moving average price is $86.75 and its 200-day moving average price is $85.33. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 67.69 and a beta of 1.05. AAON, Inc. has a one year low of $62.00 and a one year high of $144.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. The firm had revenue of $322.05 million for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. On average, equities research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s dividend payout ratio is presently 27.21%.

Insiders Place Their Bets

In related news, CFO Rebecca Thompson sold 9,350 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the transaction, the chief financial officer owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Douglas Eason sold 12,003 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. This represents a 69.37% decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AAON. Wall Street Zen lowered shares of AAON from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, June 16th. DA Davidson decreased their target price on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of AAON in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $102.60.

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.