New Age Alpha Advisors LLC Takes $1.07 Million Position in AAON, Inc. (NASDAQ:AAON)

Key Points

• New Age Alpha Advisors LLC acquired $1.07 million worth of shares in AAON, Inc., purchasing 13,667 shares during the first quarter.
• Director Gordon Douglas Wichman sold 21,302 shares at an average price of $104.48, resulting in a significant 70.87% decrease in his holdings.
• AAON has a consensus rating of "Moderate Buy" from analysts, with an average price target of $111.50.

New Age Alpha Advisors LLC bought a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,667 shares of the construction company's stock, valued at approximately $1,068,000.

Other institutional investors have also modified their holdings of the company. PFG Advisors raised its stake in shares of AAON by 114.8% in the 1st quarter. PFG Advisors now owns 20,836 shares of the construction company's stock valued at $1,628,000 after purchasing an additional 11,136 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of AAON in the 4th quarter valued at about $210,000. Parallel Advisors LLC raised its stake in shares of AAON by 26.3% in the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock valued at $56,000 after purchasing an additional 149 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of AAON in the 1st quarter valued at about $789,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of AAON by 49.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company's stock valued at $250,000 after purchasing an additional 1,054 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Buying and Selling

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the transaction, the director owned 8,754 shares in the company, valued at approximately $914,617.92. This represents a 70.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.70% of the company's stock.

AAON Price Performance

AAON opened at $82.73 on Friday. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 43.54 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. The company's 50-day moving average price is $79.28 and its 200 day moving average price is $89.48. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were given a $0.10 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON's dividend payout ratio is 21.05%.

Wall Street Analysts Forecast Growth

AAON has been the topic of several research reports. Wall Street Zen lowered shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Sidoti upgraded shares of 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 issued a strong buy rating to the company. Based on data from MarketBeat, AAON has a consensus rating of "Moderate Buy" and an average price target of $111.50.

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.

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