Cynosure Group LLC Buys 2,602 Shares of AAON, Inc. (NASDAQ:AAON)

Cynosure Group LLC boosted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 56.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,234 shares of the construction company’s stock after purchasing an additional 2,602 shares during the quarter. Cynosure Group LLC’s holdings in AAON were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its position in shares of AAON by 4.5% during the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock worth $388,000 after purchasing an additional 156 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in AAON by 1.1% during the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock worth $1,456,000 after acquiring an additional 178 shares during the period. Blue Trust Inc. lifted its holdings in shares of AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the period. New York State Teachers Retirement System boosted its position in AAON by 1.0% in the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock valued at $2,083,000 after buying an additional 200 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after buying an additional 238 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $140.45 on Wednesday. The business’s fifty day moving average price is $115.75 and its 200 day moving average price is $95.40. AAON, Inc. has a 12-month low of $61.09 and a 12-month high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $11.42 billion, a PE ratio of 61.87 and a beta of 0.79.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate 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 net margin of 15.78% and a return on equity of 24.98%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, sell-side analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

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

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the transaction, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. This represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,967 shares of company stock worth $6,271,357 over the last 90 days. 18.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Sidoti lowered 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 report on Tuesday, October 22nd. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. DA Davidson raised their price target on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Robert W. Baird upped their price objective 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. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.00.

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.