Greenwood Capital Associates LLC Sells 243 Shares of AAON, Inc. (NASDAQ:AAON)

Greenwood Capital Associates LLC lessened its holdings in AAON, Inc. (NASDAQ:AAON) by 2.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,820 shares of the construction company’s stock after selling 243 shares during the quarter. Greenwood Capital Associates LLC’s holdings in AAON were worth $951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAON. Vaughan Nelson Investment Management L.P. grew its holdings in AAON by 106.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock worth $95,010,000 after purchasing an additional 561,195 shares during the period. Blair William & Co. IL purchased a new stake in AAON in the second quarter worth about $44,934,000. Millennium Management LLC grew its holdings in AAON by 212.3% in the second quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock worth $57,278,000 after purchasing an additional 446,344 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in AAON by 552.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock worth $30,541,000 after purchasing an additional 296,423 shares during the period. Finally, Fred Alger Management LLC purchased a new stake in AAON in the second quarter worth about $15,700,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Trading Up 0.5 %

Shares of AAON stock opened at $113.02 on Wednesday. AAON, Inc. has a 12-month low of $56.70 and a 12-month high of $122.97. 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 firm’s 50 day moving average is $104.15 and its 200 day moving average is $90.78. The stock has a market capitalization of $9.16 billion, a P/E ratio of 50.91 and a beta of 0.79.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date was Friday, September 6th. AAON’s dividend payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Robert W. Baird upgraded shares of AAON from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $114.00 to $130.00 in a report on Monday, October 28th. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and increased their price target for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company 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.