California State Teachers Retirement System Has $10.24 Million Stock Holdings in AAON, Inc. $AAON

California State Teachers Retirement System increased its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,753 shares of the construction company's stock after purchasing an additional 317 shares during the period. California State Teachers Retirement System owned approximately 0.10% of AAON worth $10,244,326 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP raised its holdings in AAON by 3.1% in the second quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company's stock worth $296,664,000 after buying an additional 70,399 shares during the last quarter. First Trust Advisors LP boosted its holdings in AAON by 22.1% during the first quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company's stock worth $166,594,000 after buying an additional 364,101 shares in the last quarter. Geode Capital Management LLC grew its position in shares of AAON by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,381,303 shares of the construction company's stock valued at $105,343,000 after purchasing an additional 20,588 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of AAON by 8,956.4% in the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company's stock worth $93,231,000 after acquiring an additional 1,209,205 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of AAON by 9.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 636,296 shares of the construction company's stock valued at $48,518,000 after acquiring an additional 57,281 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Insider Buying and Selling at AAON

In other AAON news, EVP Matthew Shaub purchased 457 shares of the company's stock in a transaction on Friday, August 28th. The shares were purchased at an average cost of $76.42 per share, with a total value of $34,923.94. Following the completion of the purchase, the executive vice president owned 3,136 shares in the company, valued at $239,653.12. This represents a 17.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Robert W. Baird lowered their target price on AAON from $150.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, August 11th. Zacks Research lowered AAON from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 7th. DA Davidson reaffirmed a "buy" rating and issued a $110.00 target price on shares of AAON in a report on Tuesday. Oppenheimer cut their price target on shares of AAON from $145.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, August 11th. Finally, KeyCorp reiterated a "sector weight" rating on shares of AAON in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.33.

AAON Stock Performance

NASDAQ AAON traded down $0.71 on Tuesday, reaching $74.83. The stock had a trading volume of 542,489 shares, compared to its average volume of 1,052,391. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01. The business's 50-day moving average price is $90.78 and its 200 day moving average price is $102.84. AAON, Inc. has a 12-month low of $73.19 and a 12-month high of $150.46. The stock has a market cap of $6.17 billion, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.51 by $0.18. The firm had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%.AAON's revenue for the quarter was up 101.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. As a group, equities analysts expect that AAON, Inc. will post 2.21 earnings per share for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. AAON's payout ratio is presently 20.83%.

AAON Company Profile

AAON, Inc is a manufacturer of heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial applications. The company designs and produces systems intended to support climate control, indoor air quality and energy efficiency in a range of buildings and facilities.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers and related HVAC controls and equipment. AAON sells its products through manufacturer representatives and distributors, serving customers primarily in North America.

Founded in 1988 by Norman Asbjornson and headquartered in Tulsa, Oklahoma, AAON operates manufacturing facilities in the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.