AAON, Inc. $AAON Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its stake in AAON, Inc. (NASDAQ:AAON) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,578 shares of the construction company’s stock after buying an additional 1,191 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in AAON were worth $1,886,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of AAON in the 2nd quarter valued at $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of AAON during the second quarter worth about $53,000. UMB Bank n.a. boosted its position in AAON by 32.9% in the second quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock valued at $58,000 after buying an additional 194 shares during the last quarter. CWM LLC raised its position in AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after buying an additional 192 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of AAON in the 2nd quarter valued at $91,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AAON news, Director Gary D. Fields sold 3,553 shares of AAON stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the sale, the director owned 26,340 shares of the company’s stock, valued at $2,769,387.60. The trade was a 11.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rebecca Thompson sold 9,350 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the sale, the chief financial officer owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. The trade was a 27.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 51,652 shares of company stock worth $4,966,916. 18.70% of the stock is owned by corporate insiders.

AAON Stock Performance

AAON opened at $91.88 on Thursday. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 62.50 and a beta of 1.05. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $142.20. The firm’s fifty day simple moving average is $96.50 and its two-hundred day simple moving average is $88.68.

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

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s payout ratio is currently 33.06%.

Analysts Set New Price Targets

Several research analysts recently issued reports on AAON shares. Robert W. Baird reduced their target price on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Oppenheimer reiterated an “outperform” rating and set a $115.00 price target on shares of AAON in a research report on Friday, November 7th. DA Davidson dropped their price objective on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Finally, Zacks Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.60.

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.