Tidal Investments LLC Purchases 732 Shares of AAON, Inc. (NASDAQ:AAON)

Tidal Investments LLC boosted its position in shares of AAON, Inc. (NASDAQ:AAON) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,534 shares of the construction company’s stock after acquiring an additional 732 shares during the quarter. Tidal Investments LLC’s holdings in AAON were worth $1,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in AAON during the third quarter worth $43,000. Westside Investment Management Inc. acquired a new position in shares of AAON in the third quarter valued at $36,000. Geode Capital Management LLC increased its holdings in shares of AAON by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,234,036 shares of the construction company’s stock valued at $133,110,000 after purchasing an additional 6,338 shares during the last quarter. Conway Capital Management Inc. acquired a new position in shares of AAON in the third quarter valued at $270,000. Finally, M&T Bank Corp increased its holdings in shares of AAON by 58.0% in the third quarter. M&T Bank Corp now owns 35,592 shares of the construction company’s stock valued at $3,838,000 after purchasing an additional 13,065 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on AAON. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and upped their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Robert W. Baird upped their price target on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, DA Davidson upped their price target on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two investment 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 has an average rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Trading Down 4.4 %

AAON opened at $128.67 on Wednesday. AAON, Inc. has a twelve month low of $68.38 and a twelve month high of $144.07. The company has a 50-day simple moving average of $124.36 and a 200 day simple moving average of $101.52. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 56.68 and a beta of 0.83.

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

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Insider Transactions at AAON

In other news, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the transaction, the vice president now owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the transaction, the chief financial officer now owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,329 shares of company stock valued at $7,663,726. 18.55% of the stock is currently owned by insiders.

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.