AAON, Inc. $AAON Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. grew its position in shares of AAON, Inc. (NASDAQ:AAON) by 15.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 29,445 shares of the construction company’s stock after purchasing an additional 3,942 shares during the quarter. Bridges Investment Management Inc.’s holdings in AAON were worth $2,172,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Twin Tree Management LP acquired a new position in shares of AAON during the 2nd quarter valued at $344,000. Verdence Capital Advisors LLC acquired a new position in shares of AAON during the 2nd quarter valued at $229,000. MGO One Seven LLC acquired a new position in shares of AAON during the 2nd quarter valued at $3,483,000. Index Fund Advisors Inc. acquired a new position in shares of AAON during the 2nd quarter valued at $271,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of AAON during the 2nd quarter valued at $91,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAON has been the topic of a number of recent research reports. DA Davidson decreased their target price on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a report on Monday. Oppenheimer lifted their target price on AAON from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Finally, Robert W. Baird decreased their target price on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

Insider Buying and Selling at AAON

In other news, insider Christopher Douglas Eason sold 12,003 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider owned 5,301 shares of the company’s stock, valued at $451,009.08. This trade represents a 69.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the completion of the sale, the chief financial officer directly 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 disclosure for this sale can be found here. Company insiders own 18.70% of the company’s stock.

AAON Stock Performance

Shares of AAON stock opened at $100.05 on Friday. The stock has a market cap of $8.16 billion, a PE ratio of 68.06 and a beta of 1.05. The business has a fifty day simple moving average of $88.37 and a 200-day simple moving average of $85.91. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $144.07.

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

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. AAON’s dividend payout ratio (DPR) is 27.21%.

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.