RiverPark Advisors LLC Has $307,000 Position in AAON, Inc. (NASDAQ:AAON)

RiverPark Advisors LLC boosted its holdings in AAON, Inc. (NASDAQ:AAON) by 221.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,845 shares of the construction company’s stock after acquiring an additional 1,959 shares during the quarter. RiverPark Advisors LLC’s holdings in AAON were worth $307,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after purchasing an additional 61,544 shares during the period. Conestoga Capital Advisors LLC lifted its stake in AAON by 1.9% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock valued at $229,180,000 after acquiring an additional 39,059 shares in the last quarter. Geneva Capital Management LLC lifted its stake in AAON by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock valued at $183,135,000 after acquiring an additional 24,384 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in AAON by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after acquiring an additional 24,095 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in AAON by 12.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,225,600 shares of the construction company’s stock valued at $132,169,000 after acquiring an additional 136,530 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at AAON

In other news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 18.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on AAON. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Robert W. Baird raised their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Sidoti cut AAON from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AAON has an average rating of “Moderate Buy” and a consensus price target of $133.00.

AAON Stock Up 0.2 %

Shares of NASDAQ AAON opened at $133.46 on Friday. AAON, Inc. has a 12 month low of $61.09 and a 12 month high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 58.79 and a beta of 0.79. The business has a 50-day moving average of $110.69 and a 200-day moving average of $93.11.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. AAON’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. Sell-side analysts expect 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. Investors 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 0.24%. AAON’s dividend payout ratio is presently 14.10%.

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.