Portside Wealth Group LLC Has $1.91 Million Holdings in AAON, Inc. (NASDAQ:AAON)

Portside Wealth Group LLC grew its position in AAON, Inc. (NASDAQ:AAON) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,672 shares of the construction company’s stock after purchasing an additional 1,168 shares during the quarter. Portside Wealth Group LLC’s holdings in AAON were worth $1,906,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of AAON by 99.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock valued at $1,520,000 after acquiring an additional 8,613 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of AAON during the 1st quarter worth approximately $429,000. Texas Permanent School Fund Corp increased its holdings in shares of AAON by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 59,017 shares of the construction company’s stock worth $5,199,000 after purchasing an additional 765 shares during the period. Duality Advisers LP raised its position in shares of AAON by 8.9% in the first quarter. Duality Advisers LP now owns 18,571 shares of the construction company’s stock valued at $1,636,000 after buying an additional 1,517 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of AAON in the first quarter valued at approximately $212,000. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $119.10 on Friday. The company has a market capitalization of $9.65 billion, a PE ratio of 53.65 and a beta of 0.79. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $105.21 and a two-hundred day moving average price of $91.18. AAON, Inc. has a 12 month low of $57.19 and a 12 month high of $122.97.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a dividend of $0.08 per share. The ex-dividend date was Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.27%. AAON’s dividend payout ratio is presently 14.41%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AAON. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and upped their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, Robert W. Baird raised shares of AAON from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $114.00 to $130.00 in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

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.