Natixis Advisors LLC Has $21.75 Million Holdings in AAON, Inc. (NASDAQ:AAON)

Natixis Advisors LLC raised its position in shares of AAON, Inc. (NASDAQ:AAON) by 25.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,661 shares of the construction company’s stock after buying an additional 40,407 shares during the quarter. Natixis Advisors LLC owned 0.25% of AAON worth $21,747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of AAON by 202.0% in 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 in the last quarter. ORG Partners LLC purchased a new stake in AAON in the 2nd quarter worth approximately $29,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON during the 3rd quarter valued at $37,000. Crewe Advisors LLC purchased a new position in shares of AAON during the 2nd quarter valued at $35,000. Finally, Signaturefd LLC grew its holdings in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after acquiring an additional 238 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at $675,490.14. This represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company’s stock.

AAON Trading Down 1.6 %

NASDAQ:AAON opened at $131.34 on Tuesday. The company’s 50 day moving average is $110.69 and its 200-day moving average is $93.10. 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 12 month low of $61.09 and a 12 month high of $144.07. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 57.86 and a beta of 0.79.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million during 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 business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. Equities analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON’s dividend payout ratio is currently 14.10%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AAON shares. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and boosted their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. DA Davidson lifted their target price on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

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.