Tidal Investments LLC Has $1.46 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Tidal Investments LLC grew its holdings in AAON, Inc. (NASDAQ:AAON) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,534 shares of the construction company’s stock after buying an additional 732 shares during the quarter. Tidal Investments LLC’s holdings in AAON were worth $1,460,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AAON. Blue Trust Inc. raised its stake in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of AAON during the 2nd quarter worth about $35,000. Westside Investment Management Inc. bought a new position in AAON during the 3rd quarter valued at about $36,000. ORG Wealth Partners LLC bought a new position in AAON during the 3rd quarter valued at about $37,000. Finally, Wilmington Savings Fund Society FSB bought a new position in AAON during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 4.4 %

Shares of NASDAQ AAON opened at $128.67 on Wednesday. The stock has a market cap of $10.46 billion, a P/E ratio of 56.68 and a beta of 0.83. The firm has a 50 day moving average price of $124.36 and a 200 day moving average price of $101.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a 52-week low of $68.38 and a 52-week high of $144.07.

AAON (NASDAQ:AAON) last issued its quarterly earnings data 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 firm 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 revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 earnings per share. Analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAON shares. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. 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 raised their price objective 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. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Buying and Selling at AAON

In other news, 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 value of $804,195.00. Following the sale, the vice president now owns 9,920 shares of the company’s stock, valued at $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was 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. This represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,329 shares of company stock valued at $7,663,726. 18.55% of the stock is currently owned by corporate insiders.

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.