Aptus Capital Advisors LLC Buys 4,655 Shares of AAON, Inc. (NASDAQ:AAON)

Aptus Capital Advisors LLC boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,839 shares of the construction company's stock after acquiring an additional 4,655 shares during the quarter. Aptus Capital Advisors LLC's holdings in AAON were worth $3,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of AAON by 182.2% during the third quarter. Barclays PLC now owns 84,472 shares of the construction company's stock worth $9,111,000 after purchasing an additional 54,535 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in AAON during the 3rd quarter worth about $43,000. Tidal Investments LLC grew its position in shares of AAON by 5.7% in the 3rd quarter. Tidal Investments LLC now owns 13,534 shares of the construction company's stock valued at $1,460,000 after buying an additional 732 shares during the last quarter. Franklin Resources Inc. grew its position in shares of AAON by 258.8% in the 3rd quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company's stock valued at $37,014,000 after buying an additional 238,308 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of AAON by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock worth $351,615,000 after acquiring an additional 150,207 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 37,189 shares of AAON stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total value of $3,651,959.80. Following the sale, the chief executive officer now owns 63,714 shares of the company's stock, valued at approximately $6,256,714.80. The trade was a 36.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Raymond Stewart purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.86 per share, with a total value of $80,860.00. Following the purchase, the director now owns 3,000 shares in the company, valued at $242,580. The trade was a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AAON has been the topic of several analyst reports. CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Friday, February 28th. DA Davidson decreased their price objective on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Robert W. Baird dropped their target price on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Finally, StockNews.com lowered AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.50.

AAON Stock Up 0.9 %

Shares of NASDAQ AAON traded up $0.89 during trading on Friday, hitting $100.32. 580,830 shares of the company traded hands, compared to its average volume of 671,661. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The business's fifty day moving average is $83.67 and its 200 day moving average is $108.09. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 44.19 and a beta of 1.06. AAON, Inc. has a fifty-two week low of $68.98 and a fifty-two week high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company's quarterly revenue was up 22.9% on a year-over-year basis. Equities research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON declared that its board has authorized a stock repurchase program on Tuesday, March 4th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

AAON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a dividend of $0.10 per share. This is a boost from AAON's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. AAON's payout ratio is presently 21.05%.

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.