Impax Asset Management Group plc Purchases 117,446 Shares of AAON, Inc. $AAON

Impax Asset Management Group plc grew its position in shares of AAON, Inc. (NASDAQ:AAON) by 25.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 587,296 shares of the construction company’s stock after acquiring an additional 117,446 shares during the period. Impax Asset Management Group plc’s holdings in AAON were worth $42,715,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cresset Asset Management LLC boosted its position in shares of AAON by 1.3% during 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 raised its holdings in AAON by 25.7% in the first quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after purchasing an additional 192 shares in the last quarter. UMB Bank n.a. lifted its position in AAON by 32.9% during 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 period. Louisiana State Employees Retirement System boosted its holdings in shares of AAON by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company’s stock valued at $1,477,000 after buying an additional 200 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of AAON by 1.7% during the 1st quarter. Xponance Inc. now owns 13,946 shares of the construction company’s stock valued at $1,090,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity

In related news, insider Christopher Douglas Eason sold 12,003 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the sale, the insider directly owned 5,301 shares of the company’s stock, valued at $451,009.08. This trade represents a 69.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary D. Fields sold 26,746 shares of AAON stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total value of $2,813,946.66. Following the completion of the sale, the director owned 26,340 shares of the company’s stock, valued at $2,771,231.40. The trade was a 50.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,099 shares of company stock valued at $4,593,353 over the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Robert W. Baird dropped their price target on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen lowered AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and an average price target of $104.60.

AAON Trading Down 1.8%

NASDAQ:AAON opened at $102.04 on Thursday. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 69.41 and a beta of 1.05. 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’s 50 day moving average price is $95.36 and its 200-day moving average price is $88.69. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $142.20.

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

AAON Dividend Announcement

The firm 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 is Wednesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s payout ratio is currently 33.06%.

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.