Highland Capital Management LLC Invests $1.62 Million in AAON, Inc. $AAON

Highland Capital Management LLC acquired a new stake in AAON, Inc. (NASDAQ:AAON) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,366 shares of the construction company’s stock, valued at approximately $1,623,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG increased its position in AAON by 322.4% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 41,103 shares of the construction company’s stock worth $3,211,000 after buying an additional 31,373 shares during the last quarter. Pembroke Management LTD grew its stake in shares of AAON by 34.7% during the 1st quarter. Pembroke Management LTD now owns 307,685 shares of the construction company’s stock worth $24,039,000 after acquiring an additional 79,287 shares during the period. Vident Advisory LLC bought a new position in shares of AAON during the 1st quarter worth $1,831,000. Aperture Investors LLC purchased a new stake in AAON in the 1st quarter worth about $25,218,000. Finally, Value Aligned Research Advisors LLC bought a new stake in AAON in the 1st quarter valued at about $3,005,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAON. Oppenheimer reiterated an “outperform” rating and set a $115.00 target price on shares of AAON in a research report on Friday, November 7th. Zacks Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.60.

AAON Stock Down 0.0%

AAON stock opened at $75.77 on Friday. The stock has a 50-day simple moving average of $90.77 and a two-hundred day simple moving average of $85.77. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $137.90. The firm has a market capitalization of $6.19 billion, a PE ratio of 62.62 and a beta of 1.06. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $322.05 million for the quarter. AAON had a net margin of 7.62% and a return on equity of 12.52%. On average, equities analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 26th. AAON’s dividend payout ratio (DPR) is presently 33.06%.

Insider Buying and Selling at AAON

In other news, EVP Stephen E. Wakefield purchased 4,141 shares of AAON stock in a transaction dated Friday, December 12th. The stock was purchased at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the transaction, the executive vice president directly owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary D. Fields sold 26,746 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the completion of the transaction, the director directly owned 26,340 shares in the company, valued at approximately $2,771,231.40. The trade was a 50.38% decrease in their position. The SEC filing for this sale provides additional information. 18.70% of the stock is owned by company insiders.

AAON Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.