Townsquare Capital LLC Has $13.40 Million Stake in AAON, Inc. (NASDAQ:AAON)

Townsquare Capital LLC boosted its position in shares of AAON, Inc. (NASDAQ:AAON) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 124,274 shares of the construction company’s stock after buying an additional 6,012 shares during the quarter. Townsquare Capital LLC’s holdings in AAON were worth $13,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC bought a new stake in AAON in the first quarter valued at approximately $518,000. PEAK6 Investments LLC boosted its position in AAON by 31.6% during the first quarter. PEAK6 Investments LLC now owns 8,790 shares of the construction company’s stock worth $774,000 after purchasing an additional 2,109 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of AAON by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after purchasing an additional 6,766 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of AAON in the first quarter valued at about $281,000. Finally, Janus Henderson Group PLC lifted its stake in shares of AAON by 79.8% during the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock worth $5,186,000 after buying an additional 26,141 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $140.45 on Wednesday. The stock’s fifty day moving average price is $115.75 and its two-hundred day moving average price is $95.40. The firm has a market cap of $11.42 billion, a PE ratio of 60.61 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. AAON’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. As a group, research analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. AAON’s payout ratio is 14.10%.

Analyst Upgrades and Downgrades

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

Insider Transactions at AAON

In other AAON news, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the sale, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. The trade was a 22.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the transaction, the vice president now owns 9,920 shares of the company’s stock, valued at $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,967 shares of company stock valued at $6,271,357. Corporate insiders own 18.55% of the company’s stock.

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.