Barclays PLC Has $13.41 Million Holdings in AAON, Inc. (NASDAQ:AAON)

Barclays PLC boosted its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,985 shares of the construction company's stock after buying an additional 29,513 shares during the quarter. Barclays PLC owned approximately 0.14% of AAON worth $13,414,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. raised its holdings in AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after acquiring an additional 193 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of AAON during the 4th quarter worth approximately $33,000. Westside Investment Management Inc. bought a new stake in shares of AAON during the 3rd quarter worth approximately $36,000. UMB Bank n.a. boosted its holdings in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock valued at $38,000 after buying an additional 131 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of AAON by 28.4% in the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock valued at $41,000 after buying an additional 84 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. StockNews.com downgraded AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. DA Davidson dropped their price objective on AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $115.50.

AAON Stock Performance

AAON stock traded up $1.92 during mid-day trading on Friday, hitting $87.76. 238,703 shares of the company were exchanged, compared to its average volume of 888,336. AAON, Inc. has a 1-year low of $68.98 and a 1-year high of $144.07. The stock has a market capitalization of $7.16 billion, a PE ratio of 38.63 and a beta of 0.96. The business has a 50 day simple moving average of $83.78 and a 200-day simple moving average of $109.23. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

AAON declared that its board has approved a share buyback program on Tuesday, March 4th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

AAON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a $0.10 dividend. The ex-dividend date was Tuesday, March 18th. This is an increase from AAON's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.46%. AAON's payout ratio is 19.90%.

Insider Activity at AAON

In other AAON news, Director David Raymond Stewart bought 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $80.86 per share, with a total value of $80,860.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company's stock, valued at $242,580. This trade represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 18.55% of the stock is currently owned by corporate 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.