AAON, Inc. (NASDAQ:AAON) Shares Bought by West Coast Financial LLC

West Coast Financial LLC raised its position in shares of AAON, Inc. (NASDAQ:AAON) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,682 shares of the construction company’s stock after buying an additional 190 shares during the period. AAON comprises about 1.0% of West Coast Financial LLC’s holdings, making the stock its 29th largest holding. West Coast Financial LLC’s holdings in AAON were worth $9,495,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Caldwell Investment Management Ltd. acquired a new stake in AAON in the 4th quarter valued at about $1,099,000. Oak Thistle LLC acquired a new stake in shares of AAON in the 4th quarter valued at $284,000. PFW Advisors LLC acquired a new stake in shares of AAON in the 4th quarter valued at $250,000. GAMMA Investing LLC lifted its position in shares of AAON by 56.4% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the construction company’s stock worth $193,000 after purchasing an additional 590 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of AAON by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after purchasing an additional 150,207 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Trading Up 1.4 %

AAON opened at $129.95 on Thursday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 52 week low of $68.38 and a 52 week high of $144.07. The business’s 50 day moving average is $128.93 and its two-hundred day moving average is $108.22. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 57.25 and a beta of 0.87.

AAON (NASDAQ:AAON) last announced its earnings results 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 business had revenue of $327.25 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. On average, research analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Friday, November 29th. AAON’s dividend payout ratio is currently 14.10%.

Insider Activity at AAON

In other news, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the sale, the vice president now directly owns 4,953 shares in the company, valued at approximately $675,490.14. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,329 shares of company stock worth $7,663,726 in the last quarter. Company insiders own 18.55% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.