Ascent Wealth Partners LLC Acquires 13,076 Shares of AAON, Inc. (NASDAQ:AAON)

Ascent Wealth Partners LLC boosted its holdings in AAON, Inc. (NASDAQ:AAON) by 78.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,768 shares of the construction company’s stock after purchasing an additional 13,076 shares during the period. Ascent Wealth Partners LLC’s holdings in AAON were worth $3,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 acquiring an additional 61,544 shares during the period. Janney Montgomery Scott LLC grew its position in shares of AAON by 99.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock valued at $1,520,000 after acquiring an additional 8,613 shares during the period. Janus Henderson Group PLC grew its position in shares of AAON by 79.8% in the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after acquiring an additional 26,141 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of AAON by 18.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock worth $52,226,000 after buying an additional 94,026 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of AAON by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock worth $49,595,000 after buying an additional 6,766 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AAON shares. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Robert W. Baird upgraded shares of AAON from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $114.00 to $130.00 in a research note on Monday, October 28th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and raised their target price for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

AAON Stock Performance

AAON stock traded up $0.31 during midday trading on Thursday, hitting $120.56. The company’s stock had a trading volume of 8,919 shares, compared to its average volume of 601,214. AAON, Inc. has a 1-year low of $57.19 and a 1-year high of $122.97. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70. The company has a 50-day moving average price of $104.70 and a two-hundred day moving average price of $90.99. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 54.17 and a beta of 0.79.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, September 6th. AAON’s payout ratio is presently 14.41%.

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.