Captrust Financial Advisors Has $1.34 Million Holdings in AAON, Inc. (NASDAQ:AAON)

Captrust Financial Advisors raised its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,415 shares of the construction company's stock after purchasing an additional 2,619 shares during the quarter. Captrust Financial Advisors' holdings in AAON were worth $1,343,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of AAON by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company's stock worth $734,262,000 after purchasing an additional 75,832 shares during the last quarter. JPMorgan Chase & Co. boosted its position in AAON by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after purchasing an additional 150,207 shares during the period. Invesco Ltd. boosted its position in AAON by 15.6% during the 4th quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock valued at $239,184,000 after purchasing an additional 274,119 shares during the period. Geode Capital Management LLC boosted its position in AAON by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company's stock valued at $145,692,000 after purchasing an additional 3,644 shares during the period. Finally, Blair William & Co. IL boosted its position in AAON by 4.2% during the 4th quarter. Blair William & Co. IL now owns 1,169,782 shares of the construction company's stock valued at $137,660,000 after purchasing an additional 47,254 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on AAON shares. StockNews.com downgraded AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. DA Davidson cut their target price on AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. CJS Securities raised AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird cut their target price on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.50.

Insider Transactions at AAON

In other AAON news, Director David Raymond Stewart purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $80.86 per share, with a total value of $80,860.00. Following the completion of the transaction, the director now owns 3,000 shares of the company's stock, valued at approximately $242,580. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 8,357 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total value of $824,501.62. Following the transaction, the chief executive officer now directly owns 26,491 shares in the company, valued at $2,613,602.06. The trade was a 23.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is owned by insiders.

AAON Price Performance

Shares of AAON traded down $0.98 during midday trading on Tuesday, reaching $105.38. The stock had a trading volume of 41,742 shares, compared to its average volume of 662,926. AAON, Inc. has a 52 week low of $68.98 and a 52 week high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm's 50 day moving average price is $86.54 and its 200-day moving average price is $107.68. The company has a market capitalization of $8.57 billion, a P/E ratio of 46.41 and a beta of 1.06.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. The company had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. AAON's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Friday, June 6th. AAON's dividend payout ratio (DPR) is presently 21.05%.

AAON declared that its board has authorized a stock repurchase plan on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

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.