AAON, Inc. (NASDAQ:AAON) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in AAON, Inc. (NASDAQ:AAON) by 75.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,620 shares of the construction company’s stock after purchasing an additional 148,507 shares during the quarter. Victory Capital Management Inc. owned approximately 0.43% of AAON worth $37,164,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in AAON during the first quarter worth approximately $212,000. Russell Investments Group Ltd. raised its holdings in AAON by 3.1% during the first quarter. Russell Investments Group Ltd. now owns 35,819 shares of the construction company’s stock worth $3,156,000 after purchasing an additional 1,090 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of AAON by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,656 shares of the construction company’s stock worth $1,203,000 after buying an additional 940 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after buying an additional 61,544 shares in the last quarter. Finally, Cynosure Group LLC purchased a new position in shares of AAON in the 1st quarter valued at $332,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the transaction, the vice president now owns 4,953 shares in the company, valued at approximately $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 18.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Robert W. Baird upped their target price on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. DA Davidson increased their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and lifted their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

AAON Trading Up 0.2 %

Shares of AAON stock opened at $133.46 on Friday. The company has a market capitalization of $10.85 billion, a P/E ratio of 58.79 and a beta of 0.79. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $110.69 and its two-hundred day moving average is $93.11. AAON, Inc. has a twelve month low of $61.09 and a twelve month high of $144.07.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. Equities analysts forecast 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 Thursday, December 19th. Investors of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s dividend payout ratio is currently 14.10%.

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.