UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in AAON, Inc. (NASDAQ:AAON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,513 shares of the construction company's stock after purchasing an additional 4,839 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of AAON worth $25,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AAON. Barclays PLC grew its stake in AAON by 182.2% during the third quarter. Barclays PLC now owns 84,472 shares of the construction company's stock valued at $9,111,000 after acquiring an additional 54,535 shares in the last quarter. JPMorgan Chase & Co. grew its stake in AAON by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after acquiring an additional 150,207 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in AAON by 2.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,992 shares of the construction company's stock valued at $1,058,000 after acquiring an additional 213 shares in the last quarter. Avior Wealth Management LLC grew its stake in AAON by 5,040.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company's stock worth $284,000 after buying an additional 2,369 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in AAON by 28.4% in the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock worth $41,000 after buying an additional 84 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Insider Buying and Selling at AAON

In other news, Director Gordon Douglas Wichman sold 3,975 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $105.75, for a total value of $420,356.25. Following the transaction, the director now owns 8,754 shares in the company, valued at $925,735.50. This represents a 31.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Raymond Stewart bought 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the purchase, the director now owns 3,000 shares in the company, valued at $242,580. This trade represents a 50.00% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 70,823 shares of company stock worth $7,122,451. Company insiders own 18.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Friday, February 28th. Robert W. Baird cut their price target on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Wall Street Zen cut shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, DA Davidson cut their price target on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AAON currently has an average rating of "Moderate Buy" and an average target price of $115.50.

AAON Trading Up 0.2%

NASDAQ AAON traded up $0.22 during trading on Friday, hitting $96.37. The company had a trading volume of 525,123 shares, compared to its average volume of 661,767. The company's fifty day moving average is $89.78 and its 200-day moving average is $105.88. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 42.45 and a beta of 1.06. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a one year low of $68.98 and a one year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. During the same period in the prior year, the firm posted $0.46 EPS. AAON's revenue for the quarter was up 22.9% on a year-over-year basis. On average, sell-side analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

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

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, June 6th. AAON's dividend payout ratio is currently 21.05%.

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.