EAM Investors LLC Has $3.23 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

EAM Investors LLC lowered its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,482 shares of the construction company's stock after selling 13,990 shares during the quarter. EAM Investors LLC's holdings in AAON were worth $3,234,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AAON. Vanguard Group Inc. increased its stake in AAON by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company's stock valued at $734,262,000 after buying an additional 75,832 shares during the last quarter. JPMorgan Chase & Co. boosted its position in AAON by 4.8% during the third 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 last quarter. Invesco Ltd. grew its stake in AAON by 15.6% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of AAON by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company's stock worth $145,692,000 after purchasing an additional 3,644 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of AAON by 4.2% in 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 buying an additional 47,254 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director David Raymond Stewart acquired 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $80.86 per share, with a total value of $80,860.00. Following the acquisition, the director now directly owns 3,000 shares of the company's stock, valued at approximately $242,580. The trade was a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 18.55% of the company's stock.

AAON Stock Performance

Shares of AAON stock traded up $1.27 on Tuesday, hitting $79.19. The stock had a trading volume of 245,500 shares, compared to its average volume of 723,635. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 34.92 and a beta of 0.96. The business's 50 day moving average is $85.60 and its two-hundred day moving average is $109.78. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a twelve month low of $68.98 and a twelve month high of $144.07.

AAON declared that its board has approved a share buyback plan on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

AAON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Tuesday, March 18th. This is a boost from AAON's previous quarterly dividend of $0.08. AAON's payout ratio is presently 19.90%.

Wall Street Analysts Forecast Growth

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

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.