5,929 Shares in AAON, Inc. (NASDAQ:AAON) Purchased by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. purchased a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,929 shares of the construction company's stock, valued at approximately $463,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Twin Tree Management LP bought a new position in shares of AAON in the 4th quarter worth $33,000. Quarry LP lifted its holdings in shares of AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after purchasing an additional 103 shares in the last quarter. Rakuten Securities Inc. lifted its holdings 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 in the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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. Finally, Empowered Funds LLC bought a new position in shares of AAON in the 4th quarter worth $42,000. 70.81% of the stock is currently owned by institutional investors.

Insider Transactions at AAON

In other news, Director Gordon Douglas Wichman sold 3,975 shares of AAON stock in a transaction on Monday, May 19th. The stock was sold at an average price of $105.75, for a total transaction of $420,356.25. Following the sale, the director now directly owns 8,754 shares in the company, valued at $925,735.50. The trade was a 31.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary D. Fields sold 8,357 shares of AAON stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $98.66, for a total value of $824,501.62. Following the sale, the chief executive officer now 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. Insiders have sold 70,823 shares of company stock worth $7,122,451 in the last ninety days. Company insiders own 18.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen cut AAON from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. 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 report on Friday, February 28th. CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Friday, February 28th. DA Davidson dropped their price objective on AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Sidoti upgraded 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. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $111.50.

AAON Stock Up 0.5%

NASDAQ:AAON traded up $0.35 during trading hours on Monday, hitting $72.44. 882,461 shares of the company traded hands, compared to its average volume of 675,438. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29. The firm's 50-day simple moving average is $90.62 and its 200-day simple moving average is $99.90. AAON, Inc. has a one year low of $68.98 and a one year high of $144.07. The company has a market cap of $5.89 billion, a PE ratio of 38.13 and a beta of 1.03.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $289.16 million. During the same period last year, the business earned $0.46 EPS. The business's revenue was up 22.9% on a year-over-year basis. Equities analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, June 6th. AAON's payout ratio is 21.05%.

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.