Kennedy Capital Management LLC Grows Position in AAON, Inc. $AAON

Kennedy Capital Management LLC grew its stake in shares of AAON, Inc. (NASDAQ:AAON) by 154.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,088 shares of the construction company’s stock after purchasing an additional 75,937 shares during the period. Kennedy Capital Management LLC’s holdings in AAON were worth $9,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AAON. EverSource Wealth Advisors LLC lifted its stake in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in AAON in the second quarter valued at about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of AAON during the 2nd quarter valued at approximately $53,000. UMB Bank n.a. boosted its stake in shares of AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after acquiring an additional 194 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of AAON during the 2nd quarter worth approximately $91,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AAON

In related news, Director Gary D. Fields sold 3,553 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the completion of the sale, the director owned 26,340 shares of the company’s stock, valued at approximately $2,769,387.60. This represents a 11.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

AAON has been the subject of a number of research analyst reports. Oppenheimer restated an “outperform” rating and issued a $115.00 price target on shares of AAON in a research report on Friday, November 7th. Robert W. Baird dropped their target price on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Wall Street Zen cut shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.60.

AAON Stock Performance

NASDAQ:AAON opened at $86.85 on Friday. The firm has a 50 day simple moving average of $97.45 and a 200-day simple moving average of $87.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The firm has a market cap of $7.09 billion, a PE ratio of 71.78 and a beta of 1.06. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $139.09.

AAON (NASDAQ:AAON) last issued its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%.The firm had revenue of $322.05 million for the quarter. On average, equities analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. AAON’s payout ratio is presently 33.06%.

AAON Company 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.