State of New Jersey Common Pension Fund D Lowers Position in AAON, Inc. (NASDAQ:AAON)

State of New Jersey Common Pension Fund D decreased its stake in AAON, Inc. (NASDAQ:AAON) by 1.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,369 shares of the construction company’s stock after selling 487 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AAON were worth $2,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. lifted its stake in shares of AAON by 4.5% during the 3rd quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock valued at $388,000 after buying an additional 156 shares in the last quarter. Ascent Wealth Partners LLC raised its holdings in AAON by 1.1% during the second quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after acquiring an additional 178 shares during the period. 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 valued at $32,000 after acquiring an additional 198 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of AAON by 1.0% in the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock worth $2,083,000 after acquiring an additional 200 shares during the period. Finally, Signaturefd LLC grew its position in shares of AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 18.55% of the company’s stock.

AAON Trading Down 2.3 %

AAON stock opened at $134.63 on Thursday. The firm has a fifty day moving average price of $108.85 and a 200 day moving average price of $92.56. AAON, Inc. has a fifty-two week low of $59.71 and a fifty-two week high of $144.07. The firm has a market cap of $10.94 billion, a PE ratio of 59.31 and a beta of 0.79. 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 (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business 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 was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Sell-side analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. AAON’s dividend payout ratio (DPR) is presently 14.10%.

About AAON

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.