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3,202 Shares in AAON, Inc. (NASDAQ:AAON) Acquired by Headlands Technologies LLC

AAON logo with Construction background

Key Points

  • Headlands Technologies LLC acquired 3,202 shares of AAON, Inc. for approximately $250,000, reflecting increased institutional interest in the company's stock.
  • AAON recently announced a quarterly dividend of $0.10 per share, indicating a dividend yield of 0.5%, with a payout ratio of 21.05%.
  • Analysts show a positive outlook for AAON, with an average rating of "Buy" and a target price of $111.50, highlighting growing investor confidence in the company's performance.
  • Want stock alerts on AAON? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Headlands Technologies LLC acquired a new position in AAON, Inc. (NASDAQ:AAON - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,202 shares of the construction company's stock, valued at approximately $250,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP boosted its holdings in AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after buying an additional 103 shares during the period. Rakuten Securities Inc. lifted its stake in AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after purchasing an additional 276 shares in the last quarter. Versant Capital Management Inc lifted its stake in AAON by 652.3% in the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after purchasing an additional 287 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in AAON in the 4th quarter worth approximately $57,000. Finally, UMB Bank n.a. lifted its stake in AAON by 81.2% in the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock worth $46,000 after purchasing an additional 264 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

AAON Stock Performance

AAON stock opened at $80.52 on Friday. The firm's fifty day moving average price is $78.96 and its 200-day moving average price is $88.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77. The stock has a market cap of $6.55 billion, a P/E ratio of 42.38 and a beta of 0.94. AAON, Inc. has a fifty-two week low of $68.98 and a fifty-two week high of $144.07.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were given a dividend of $0.10 per share. The ex-dividend date was Friday, June 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON's dividend payout ratio (DPR) is 21.05%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AAON shares. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a research note on Monday, June 16th. Wall Street Zen upgraded shares of AAON from a "sell" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AAON currently has an average rating of "Buy" and an average target price of $111.50.

Read Our Latest Report on AAON

Insider Buying and Selling at AAON

In other news, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the sale, the director owned 8,754 shares in the company, valued at approximately $914,617.92. This trade represents a 70.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 18.70% of the company's stock.

AAON Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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