Twin Tree Management LP Takes $344,000 Position in AAON, Inc. $AAON

Key Points

• Twin Tree Management LP acquired a new stake in AAON, Inc. valued at approximately $344,000 during the second quarter, purchasing 4,659 shares.
• A variety of institutional investors have increased their positions in AAON, with PFG Advisors leading with a 114.8% increase in the first quarter.
• Analysts have mixed views on AAON, with ratings ranging from a "strong sell" to "outperform" and an average target price of $104.00.

Twin Tree Management LP acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,659 shares of the construction company's stock, valued at approximately $344,000.

Several other institutional investors have also made changes to their positions in AAON. PFG Advisors increased its position in shares of AAON by 114.8% in the first quarter. PFG Advisors now owns 20,836 shares of the construction company's stock worth $1,628,000 after acquiring an additional 11,136 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of AAON in the first quarter worth approximately $789,000. Wealth Enhancement Advisory Services LLC increased its position in shares of AAON by 1,485.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,329 shares of the construction company's stock worth $2,213,000 after acquiring an additional 26,542 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of AAON by 49.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company's stock worth $250,000 after acquiring an additional 1,054 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of AAON in the first quarter worth approximately $245,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AAON shares. Wall Street Zen downgraded shares of AAON from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Robert W. Baird dropped their target price on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Zacks Research raised shares of AAON from a "strong sell" rating to a "hold" rating in a research report on Monday, October 13th. DA Davidson decreased their price target on shares of AAON from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Finally, Oppenheimer raised their price target on shares of AAON from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.00.

AAON Stock Down 2.8%

Shares of AAON stock opened at $97.24 on Friday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 66.15 and a beta of 1.05. 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 52-week low of $62.00 and a 52-week high of $144.07. The stock has a 50-day simple moving average of $88.70 and a 200-day simple moving average of $86.04.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. The business had revenue of $322.05 million during the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. On average, equities research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. AAON's dividend payout ratio (DPR) is presently 27.21%.

Insider Activity at AAON

In related news, CFO Rebecca Thompson sold 9,350 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the transaction, the chief financial officer owned 24,396 shares of the company's stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. The trade was a 69.37% decrease in their position. The disclosure for this sale can be found here. 18.70% of the stock is currently owned by company insiders.

About AAON

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.

Want to see what other hedge funds are holding AAON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AAON, Inc. (NASDAQ:AAON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.