Jacobs Levy Equity Management Inc. Invests $6.04 Million in AAON, Inc. $AAON

Key Points

• Jacobs Levy Equity Management Inc. invested approximately $6.04 million in AAON, acquiring 77,290 shares during the first quarter, representing about 0.09% ownership of the company.
• Wall Street analysts have mixed views on AAON, with price targets ranging from $95.00 to $105.00, and a consensus rating of "Buy" with a target price of $102.00.
• AAON recently declared a quarterly dividend of $0.10 per share, scheduled to be paid on September 26th, reflecting a dividend yield of 0.5% for stockholders of record.

Jacobs Levy Equity Management Inc. bought a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 77,290 shares of the construction company's stock, valued at approximately $6,039,000. Jacobs Levy Equity Management Inc. owned 0.09% of AAON as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAON. Rakuten Securities Inc. raised its position in AAON by 613.3% during the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after buying an additional 276 shares during the period. Versant Capital Management Inc raised its position in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after buying an additional 287 shares during the period. UMB Bank n.a. raised its position in AAON by 81.2% during the first quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock valued at $46,000 after buying an additional 264 shares during the period. Parallel Advisors LLC raised its position in AAON by 26.3% during the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock valued at $56,000 after buying an additional 149 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in AAON during the fourth quarter valued at $57,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Robert W. Baird dropped their price target on AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. DA Davidson dropped their price target on AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen lowered AAON from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Finally, Sidoti raised AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a research report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to MarketBeat.com, AAON presently has a consensus rating of "Buy" and a consensus price target of $102.00.

Insider Activity

In other news, CFO Rebecca Thompson sold 9,350 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the sale, the chief financial officer owned 24,396 shares in the company, valued at approximately $1,978,271.64. This represents a 27.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Douglas Eason sold 12,003 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the sale, the insider owned 5,301 shares of the company's stock, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company's stock.

AAON Stock Performance

Shares of AAON stock opened at $80.88 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $144.07. The stock's 50-day moving average is $80.04 and its two-hundred day moving average is $83.85. The firm has a market cap of $6.59 billion, a P/E ratio of 55.02 and a beta of 1.00.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.09). The company had revenue of $311.57 million for the quarter, compared to the consensus estimate of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%.The business's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. Analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 5th. AAON's dividend payout ratio is 27.21%.

AAON 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.

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