AAON, Inc. (NASDAQ:AAON) is Conestoga Capital Advisors LLC’s 7th Largest Position

Conestoga Capital Advisors LLC trimmed its position in AAON, Inc. (NASDAQ:AAON) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,890,640 shares of the construction company’s stock after selling 234,546 shares during the period. AAON comprises about 2.9% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 7th largest position. Conestoga Capital Advisors LLC’s holdings in AAON were worth $222,490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AAON. Blue Trust Inc. boosted its position in shares of AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after acquiring an additional 198 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in AAON during the 3rd quarter valued at $36,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON in the 3rd quarter valued at about $37,000. UMB Bank n.a. grew its position in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after acquiring an additional 131 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of AAON in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity

In other news, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the sale, the vice president now owns 4,558 shares in the company, valued at $597,052.42. The trade was a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,329 shares of company stock valued at $7,663,726. Insiders own 18.55% of the company’s stock.

AAON Stock Performance

Shares of AAON opened at $116.38 on Monday. The stock has a market capitalization of $9.46 billion, a P/E ratio of 51.27 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm’s 50 day moving average is $126.76 and its 200-day moving average is $111.52. AAON, Inc. has a 12-month low of $70.14 and a 12-month high of $144.07.

AAON (NASDAQ:AAON) last announced its quarterly earnings data 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 firm had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. Equities research analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 29th. AAON’s dividend payout ratio is presently 14.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAON shares. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Robert W. Baird boosted their price target on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, DA Davidson upped their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two equities research 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 presently has an average rating of “Moderate Buy” and an average price target of $133.00.

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.