Nuveen LLC Buys Shares of 265,697 AAON, Inc. $AAON

Key Points

• Nuveen LLC has made a new investment of approximately $20.76 million in AAON, acquiring 265,697 shares, which represents about 0.33% of the company's stock.
• AAON reported earnings per share (EPS) of $0.22 for the latest quarter, missing estimates by $0.09, and showed a revenue decline of 0.6% year-over-year.
• The company has announced a $0.10 quarterly dividend with a yield of 0.5%, slated to be paid on September 26th.

Nuveen LLC bought a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 265,697 shares of the construction company's stock, valued at approximately $20,759,000. Nuveen LLC owned about 0.33% of AAON as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AAON. CANADA LIFE ASSURANCE Co boosted its holdings in AAON by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 47,201 shares of the construction company's stock valued at $5,550,000 after acquiring an additional 366 shares during the last quarter. Forum Financial Management LP purchased a new position in AAON in the fourth quarter valued at about $202,000. MetLife Investment Management LLC raised its position in AAON by 8.2% in the fourth quarter. MetLife Investment Management LLC now owns 41,000 shares of the construction company's stock valued at $4,825,000 after purchasing an additional 3,118 shares during the period. Tradition Wealth Management LLC purchased a new stake in shares of AAON during the fourth quarter worth about $213,000. Finally, Tower Research Capital LLC TRC increased its position in shares of AAON by 278.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,308 shares of the construction company's stock worth $742,000 after acquiring an additional 4,642 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Stock Down 2.8%

NASDAQ:AAON traded down $2.41 during mid-day trading on Monday, reaching $83.57. The stock had a trading volume of 966,494 shares, compared to its average volume of 1,599,811. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 56.85 and a beta of 0.94. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $144.07. The stock's 50 day simple moving average is $78.06 and its two-hundred day simple moving average is $85.90. 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 (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.09). The firm had revenue of $311.57 million during the quarter, compared to analyst estimates of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%.The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. Equities analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, September 5th. AAON's dividend payout ratio (DPR) is 27.21%.

Wall Street Analyst Weigh In

AAON has been the topic of a number of analyst reports. DA Davidson dropped their target price on AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Robert W. Baird dropped their target price on AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. 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. Finally, Wall Street Zen lowered AAON from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $102.00.

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.