MGO One Seven LLC Purchases Shares of 47,224 AAON, Inc. $AAON

MGO One Seven LLC acquired a new stake in AAON, Inc. (NASDAQ:AAON) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 47,224 shares of the construction company’s stock, valued at approximately $3,483,000. MGO One Seven LLC owned approximately 0.06% of AAON at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cresset Asset Management LLC grew its position in AAON by 1.3% in the first quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock valued at $949,000 after purchasing an additional 157 shares in the last quarter. CWM LLC grew its holdings in AAON by 25.7% during the first quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after purchasing an additional 192 shares during the period. UMB Bank n.a. boosted its stake in shares of AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after acquiring an additional 194 shares during the period. Louisiana State Employees Retirement System raised its position in shares of AAON by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company’s stock valued at $1,477,000 after purchasing an additional 200 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in AAON by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,905 shares of the construction company’s stock valued at $617,000 after buying an additional 210 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Robert W. Baird lowered their target price on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. DA Davidson reduced their target price on shares of AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of AAON in a report on Tuesday, September 30th. Finally, Sidoti upgraded shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $102.60.

AAON Price Performance

Shares of NASDAQ:AAON opened at $101.96 on Tuesday. The firm has a 50 day moving average of $87.15 and a 200-day moving average of $85.50. The stock has a market capitalization of $8.31 billion, a PE ratio of 69.36 and a beta of 1.05. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $144.07.

AAON (NASDAQ:AAON) last released its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. The firm had revenue of $322.05 million during the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. On average, equities research analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON’s payout ratio is presently 27.21%.

Insider Buying and Selling

In other news, insider Christopher Douglas Eason sold 12,003 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the transaction, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares in the company, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.55% of the company’s stock.

AAON 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.