Colonial River Investments LLC Purchases Shares of 3,364 AAON, Inc. (NASDAQ:AAON)

Colonial River Investments LLC acquired a new position in AAON, Inc. (NASDAQ:AAON) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,364 shares of the construction company’s stock, valued at approximately $363,000.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in AAON by 99.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock worth $1,520,000 after purchasing an additional 8,613 shares during the period. GSA Capital Partners LLP bought a new stake in AAON in the 1st quarter valued at $429,000. Texas Permanent School Fund Corp lifted its stake in AAON by 1.3% in the 1st 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of AAON during the 1st quarter valued at about $212,000. Finally, Illinois Municipal Retirement Fund grew its position in shares of AAON by 2.5% during the first quarter. Illinois Municipal Retirement Fund now owns 39,874 shares of the construction company’s stock valued at $3,513,000 after purchasing an additional 958 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

AAON has been the topic of a number of research analyst reports. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Robert W. Baird boosted their price target on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, DA Davidson increased their price objective on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Price Performance

Shares of AAON stock opened at $138.24 on Friday. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 62.27 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The stock has a 50 day moving average price of $106.07 and a 200-day moving average price of $91.56. AAON, Inc. has a one year low of $57.19 and a one year high of $139.63.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. AAON had a net margin of 15.60% and a return on equity of 26.02%. The company had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. During the same period in the previous year, the firm earned $0.64 earnings per share. AAON’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts expect that AAON, Inc. will post 2.28 EPS for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio (DPR) is currently 14.41%.

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.