Dynamic Technology Lab Private Ltd Takes $1.78 Million Position in AAON, Inc. $AAON

Dynamic Technology Lab Private Ltd acquired a new stake in AAON, Inc. (NASDAQ:AAON) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 24,186 shares of the construction company’s stock, valued at approximately $1,784,000.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of AAON during the second quarter worth $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in AAON during the second quarter worth about $53,000. UMB Bank n.a. boosted its holdings in AAON by 32.9% during the second quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after buying an additional 194 shares during the last quarter. CWM LLC grew its position in shares of AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after buying an additional 192 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of AAON in the 2nd quarter valued at about $91,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AAON shares. Oppenheimer restated an “outperform” rating and set a $115.00 price objective on shares of AAON in a report on Friday, November 7th. DA Davidson decreased their price target on shares of AAON from $125.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Robert W. Baird dropped their price objective on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wall Street Zen downgraded AAON from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.60.

AAON Stock Up 1.7%

Shares of AAON stock opened at $91.88 on Thursday. The firm has a market cap of $7.50 billion, a PE ratio of 62.50 and a beta of 1.05. The business’s 50 day simple moving average is $96.50 and its 200 day simple moving average is $88.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $142.20.

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

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, November 26th. AAON’s payout ratio is presently 33.06%.

Insiders Place Their Bets

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 5,301 shares of the company’s stock, valued at $451,009.08. The trade was a 69.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the completion of the transaction, the chief financial officer owned 24,396 shares of the company’s stock, valued at $1,978,271.64. The trade was a 27.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,652 shares of company stock valued at $4,966,916 in the last three months. 18.70% of the stock is currently owned by corporate insiders.

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.