Xponance Inc. Has $1.61 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

Xponance Inc. increased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,711 shares of the construction company’s stock after purchasing an additional 297 shares during the period. Xponance Inc.’s holdings in AAON were worth $1,614,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Axxcess Wealth Management LLC grew its stake in AAON by 7.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,593 shares of the construction company’s stock worth $423,000 after purchasing an additional 241 shares during the period. Twin Tree Management LP acquired a new stake in AAON in the fourth quarter valued at approximately $33,000. Envestnet Portfolio Solutions Inc. grew its stake in AAON by 42.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,876 shares of the construction company’s stock valued at $338,000 after acquiring an additional 861 shares during the period. Swiss National Bank grew its stake in AAON by 0.9% in the fourth quarter. Swiss National Bank now owns 135,425 shares of the construction company’s stock valued at $15,937,000 after acquiring an additional 1,200 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in AAON by 51.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,876 shares of the construction company’s stock valued at $8,811,000 after acquiring an additional 25,476 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

AAON has been the subject of a number of research reports. Robert W. Baird reduced their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. StockNews.com cut AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Friday, February 28th. Finally, DA Davidson dropped their target price on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

AAON Stock Up 0.3 %

AAON stock opened at $79.65 on Friday. AAON, Inc. has a twelve month low of $69.52 and a twelve month high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $104.46 and its 200-day moving average is $112.93. The firm has a market capitalization of $6.50 billion, a PE ratio of 35.09 and a beta of 1.00.

AAON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.10 per share. This is a positive change from AAON’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, March 18th. AAON’s dividend payout ratio (DPR) is 19.90%.

AAON announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, Director David Raymond Stewart bought 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at $242,580. This represents a 50.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 18.55% of the stock is currently owned by corporate insiders.

AAON Company Profile

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.