Bridges Investment Management Inc. Purchases 13,431 Shares of AAON, Inc. (NASDAQ:AAON)

Bridges Investment Management Inc. increased its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 111.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,503 shares of the construction company's stock after purchasing an additional 13,431 shares during the quarter. Bridges Investment Management Inc.'s holdings in AAON were worth $1,993,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Rakuten Securities Inc. lifted its position in shares of 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 during the period. Versant Capital Management Inc raised its stake in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after buying an additional 287 shares during the last quarter. Twin Tree Management LP acquired a new position in AAON in the fourth quarter valued at $33,000. Quarry LP boosted its position in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after acquiring an additional 103 shares during the last quarter. Finally, Whittier Trust Co. acquired a new stake in AAON during the 4th quarter worth about $46,000. Institutional investors own 70.81% of the company's stock.

AAON Stock Down 4.0%

Shares of NASDAQ AAON traded down $3.16 during trading on Friday, hitting $76.83. 1,996,900 shares of the company traded hands, compared to its average volume of 678,429. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 40.44 and a beta of 0.95. The business's fifty day moving average is $87.47 and its 200 day moving average is $94.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77. 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 posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. AAON had a return on equity of 20.23% and a net margin of 12.60%. The business had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. During the same period in the prior year, the business earned $0.46 EPS. The firm's revenue for the quarter 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, June 6th. AAON's dividend payout ratio is currently 21.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Sidoti raised AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Monday, June 16th. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $111.50.

Insiders Place Their Bets

In other AAON news, CEO Gary D. Fields sold 37,189 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the transaction, the chief executive officer owned 63,714 shares in the company, valued at approximately $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction dated 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 transaction, the director owned 8,754 shares of the company's stock, valued at $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,823 shares of company stock worth $7,122,451. 18.55% of the stock is owned by company 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.