Great Valley Advisor Group Inc. Acquires New Holdings in AAON, Inc. (NASDAQ:AAON)

Great Valley Advisor Group Inc. acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON) during the third quarter, HoldingsChannel reports. The firm acquired 3,269 shares of the construction company’s stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AAON. Nicolet Advisory Services LLC raised its position in AAON by 7.9% in the third quarter. Nicolet Advisory Services LLC now owns 7,916 shares of the construction company’s stock worth $849,000 after acquiring an additional 581 shares in the last quarter. AlphaCore Capital LLC bought a new stake in AAON in the third quarter worth about $263,000. Intech Investment Management LLC bought a new stake in AAON in the third quarter worth about $537,000. Advisors Asset Management Inc. raised its position in AAON by 208.0% in the third quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company’s stock worth $79,000 after acquiring an additional 493 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in AAON in the third quarter worth about $1,285,000. 70.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction dated Tuesday, November 12th. The stock was 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 in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 46,967 shares of company stock worth $6,271,357 in the last three months. 18.55% of the stock is owned by insiders.

AAON Trading Down 3.1 %

NASDAQ:AAON opened at $136.03 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $144.07. The stock’s 50-day moving average is $116.63 and its two-hundred day moving average is $95.84. The stock has a market cap of $11.06 billion, a PE ratio of 59.93 and a beta of 0.79.

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

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s dividend payout ratio (DPR) is presently 14.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AAON shares. 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, November 8th. DA Davidson lifted their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. 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 data from MarketBeat, AAON has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

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.