AAON, Inc. (NASDAQ:AAON) Shares Purchased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC raised its position in AAON, Inc. (NASDAQ:AAON) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,125,186 shares of the construction company’s stock after acquiring an additional 39,059 shares during the period. AAON accounts for about 3.1% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 10th largest position. Conestoga Capital Advisors LLC’s holdings in AAON were worth $229,180,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. NBC Securities Inc. lifted its position in AAON by 4.5% in the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock valued at $388,000 after buying an additional 156 shares during the last quarter. Ascent Wealth Partners LLC grew its position in AAON by 1.1% in the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after acquiring an additional 178 shares in the last quarter. Blue Trust Inc. grew its position in AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after acquiring an additional 198 shares in the last quarter. New York State Teachers Retirement System increased its stake in AAON by 1.0% during the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock worth $2,083,000 after purchasing an additional 200 shares during the period. Finally, Signaturefd LLC lifted its position in shares of AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Up 0.2 %

AAON stock traded up $0.26 during mid-day trading on Friday, hitting $114.48. The company had a trading volume of 57,649 shares, compared to its average volume of 604,062. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 51.83 and a beta of 0.80. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. AAON, Inc. has a 1 year low of $56.17 and a 1 year high of $122.97. The business has a fifty day moving average of $103.01 and a 200 day moving average of $90.17.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. The business had revenue of $313.57 million during the quarter, compared to the consensus estimate of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. On average, sell-side analysts expect that AAON, Inc. will post 2.28 earnings per share for the current fiscal year.

AAON Announces Dividend

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

Insider Transactions at AAON

In other news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AAON news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now owns 5,135 shares in the company, valued at $448,850.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Robert W. Baird raised AAON from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $114.00 to $130.00 in a research note on Monday. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and upped their target price for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

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.