AAON, Inc. (NASDAQ:AAON) Shares Bought by Barclays PLC

Barclays PLC boosted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 182.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 84,472 shares of the construction company’s stock after acquiring an additional 54,535 shares during the period. Barclays PLC owned about 0.10% of AAON worth $9,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAON. SG Americas Securities LLC boosted its stake in AAON by 206.2% during the second quarter. SG Americas Securities LLC now owns 7,373 shares of the construction company’s stock worth $643,000 after buying an additional 4,965 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of AAON during the second quarter worth about $281,000. Raymond James & Associates grew its holdings in AAON by 79.9% during the 2nd quarter. Raymond James & Associates now owns 138,221 shares of the construction company’s stock worth $12,058,000 after acquiring an additional 61,378 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of AAON during the second quarter worth $188,000. Finally, Retirement Systems of Alabama purchased a new position in shares of AAON in the 2nd quarter valued at about $7,347,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AAON

In other AAON news, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,329 shares of company stock valued at $7,663,726 in the last ninety days. Insiders own 18.55% of the company’s stock.

AAON Stock Performance

AAON stock opened at $128.67 on Wednesday. The firm has a 50 day simple moving average of $124.36 and a 200 day simple moving average of $101.52. AAON, Inc. has a 52 week low of $68.38 and a 52 week high of $144.07. The stock has a market cap of $10.46 billion, a P/E ratio of 56.52 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The business had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share. Research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. AAON’s payout ratio is presently 14.10%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. StockNews.com upgraded shares of 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 raised their price target for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson increased their target price on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Robert W. Baird raised their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two equities research 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. According to MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

About AAON

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.