Nicolet Advisory Services LLC Acquires 581 Shares of AAON, Inc. (NASDAQ:AAON)

Nicolet Advisory Services LLC increased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,916 shares of the construction company’s stock after purchasing an additional 581 shares during the period. Nicolet Advisory Services LLC’s holdings in AAON were worth $849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in shares of AAON by 79.8% during the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after buying an additional 26,141 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in AAON by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after acquiring an additional 6,766 shares during the period. Amalgamated Bank raised its holdings in AAON by 65.2% in the 2nd quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock valued at $3,085,000 after acquiring an additional 13,964 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of AAON in the 1st quarter worth approximately $518,000. Finally, Geneva Capital Management LLC lifted its position in shares of AAON by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock worth $183,135,000 after acquiring an additional 24,384 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAON. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. 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 raised their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson upped their target price 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. Finally, Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, AAON presently has an average rating of “Moderate Buy” and an average target price of $133.00.

AAON Price Performance

Shares of AAON stock opened at $137.42 on Friday. 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 $11.17 billion, a price-to-earnings ratio of 60.54 and a beta of 0.79. The firm’s 50 day moving average is $114.92 and its 200-day moving average is $94.74. AAON, Inc. has a 1 year low of $61.09 and a 1 year high of $144.07.

AAON (NASDAQ:AAON) last posted 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 firm had revenue of $327.25 million for 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%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Sell-side analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. AAON’s payout ratio is 14.10%.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction on 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 directly owns 64,295 shares in the company, valued at $8,488,868.85. This trade represents a 35.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Casey Kidwell sold 1,421 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the completion of the sale, the vice president now owns 4,953 shares of the company’s stock, valued at $669,348.42. This represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,217 shares of company stock valued at $5,467,162. 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.