KBC Group NV Buys 254 Shares of AAON, Inc. (NASDAQ:AAON)

KBC Group NV grew its stake in shares of AAON, Inc. (NASDAQ:AAON) by 15.5% in the third quarter, Holdings Channel reports. The institutional investor owned 1,892 shares of the construction company’s stock after purchasing an additional 254 shares during the period. KBC Group NV’s holdings in AAON were worth $204,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of AAON by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after purchasing an additional 61,544 shares during the period. Conestoga Capital Advisors LLC increased its holdings in AAON by 1.9% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock valued at $229,180,000 after buying an additional 39,059 shares during the period. Geneva Capital Management LLC raised its stake in shares of AAON by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock valued at $183,135,000 after buying an additional 24,384 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AAON by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after acquiring an additional 24,095 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in AAON by 106.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock valued at $95,010,000 after acquiring an additional 561,195 shares during the period. Institutional investors own 70.81% of the company’s stock.

AAON Stock Up 0.7 %

Shares of NASDAQ:AAON opened at $132.05 on Thursday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm has a market cap of $10.73 billion, a P/E ratio of 58.17 and a beta of 0.79. AAON, Inc. has a 12 month low of $61.09 and a 12 month high of $144.07. The company’s 50-day moving average price is $113.21 and its two-hundred day moving average price is $94.02.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. During the same period in the prior year, the firm earned $0.64 earnings per share. AAON’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Transactions at AAON

In other AAON news, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the sale, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. The trade was a 22.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, 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. Insiders sold a total of 41,217 shares of company stock worth $5,467,162 over the last 90 days. 18.55% of the stock is owned by 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.