Duality Advisers LP Makes New Investment in AAON, Inc. (NASDAQ:AAON)

Duality Advisers LP bought a new position in shares of AAON, Inc. (NASDAQ:AAON – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 10,456 shares of the construction company’s stock, valued at approximately $563,000.

Other hedge funds have also recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of AAON in the third quarter valued at approximately $32,000. Group One Trading L.P. acquired a new stake in shares of AAON in the first quarter valued at approximately $39,000. Pinnacle Financial Partners Inc. acquired a new stake in shares of AAON in the third quarter valued at approximately $40,000. Lazard Asset Management LLC acquired a new stake in shares of AAON in the first quarter valued at approximately $53,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of AAON in the second quarter valued at approximately $56,000. 70.08% of the stock is currently owned by institutional investors and hedge funds.

AAON Price Performance

NASDAQ:AAON opened at $74.80 on Wednesday. AAON, Inc. has a 1-year low of $47.50 and a 1-year high of $83.00. The company has a current ratio of 2.36, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $76.94 and a 200 day simple moving average of $65.60. The stock has a market capitalization of $3.98 billion, a PE ratio of 59.84 and a beta of 0.81.

AAON (NASDAQ:AAON – Get Rating) last released its earnings results on Monday, November 7th. The construction company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. AAON had a net margin of 8.78% and a return on equity of 14.48%. The business had revenue of $242.61 million during the quarter. On average, research analysts expect that AAON, Inc. will post 1.7 EPS for the current fiscal year.

AAON Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 25th. This is a boost from AAON’s previous Semi-Annual dividend of $0.19. This represents a dividend yield of 0.6%. AAON’s dividend payout ratio (DPR) is currently 38.40%.

Insider Activity at AAON

In other AAON news, CFO Rebecca Thompson sold 15,500 shares of AAON stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $80.05, for a total transaction of $1,240,775.00. Following the completion of the transaction, the chief financial officer now directly owns 9,877 shares of the company’s stock, valued at $790,653.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other AAON news, VP Rony D. Gadiwalla sold 2,000 shares of AAON stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $63.13, for a total transaction of $126,260.00. Following the completion of the transaction, the vice president now directly owns 20,726 shares of the company’s stock, valued at $1,308,432.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Rebecca Thompson sold 15,500 shares of AAON stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $80.05, for a total transaction of $1,240,775.00. Following the transaction, the chief financial officer now directly owns 9,877 shares of the company’s stock, valued at $790,653.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,219 shares of company stock valued at $2,129,391. 19.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on AAON shares. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, November 19th. DA Davidson lifted their price objective on shares of AAON to $75.00 in a report on Tuesday, November 15th. Finally, TheStreet upgraded shares of AAON from a “c+” rating to a “b” rating in a report on Wednesday, November 9th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.33.

About AAON

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AAON, Inc engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. It operates through the following segments: Units, Parts-External, Parts-Internal, and Other. Its products include air handling units, self contained units, packaged rooftop units, geothermal heat units, controls, and coils.