Malaga Cove Capital LLC bought a new position in AAON, Inc. (NASDAQ:AAON – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,920 shares of the construction company’s stock, valued at approximately $207,000.
A number of other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in shares of AAON by 99.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock valued at $1,520,000 after purchasing an additional 8,613 shares in the last quarter. GSA Capital Partners LLP bought a new stake in AAON in the 1st quarter valued at approximately $429,000. Texas Permanent School Fund Corp boosted its position in AAON by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 59,017 shares of the construction company’s stock worth $5,199,000 after acquiring an additional 765 shares during the last quarter. Duality Advisers LP grew its stake in shares of AAON by 8.9% during the 1st quarter. Duality Advisers LP now owns 18,571 shares of the construction company’s stock worth $1,636,000 after acquiring an additional 1,517 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of AAON in the first quarter valued at approximately $212,000. Institutional investors own 70.81% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Robert W. Baird upgraded shares of AAON from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $114.00 to $130.00 in a report on Monday, October 28th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. 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’s stock. According to MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and an average target price of $114.33.
AAON Trading Down 1.0 %
AAON stock opened at $119.10 on Friday. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 53.65 and a beta of 0.79. The company has a fifty day moving average price of $105.21 and a two-hundred day moving average price of $91.18. AAON, Inc. has a one year low of $57.19 and a one 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.
AAON Announces Dividend
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 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.
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