Integrity Alliance LLC. Buys 12,157 Shares of AAON, Inc. $AAON

Integrity Alliance LLC. purchased a new position in AAON, Inc. (NASDAQ:AAON) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,157 shares of the construction company’s stock, valued at approximately $1,006,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AAON. Wasatch Advisors LP raised its holdings in AAON by 3.1% during the second quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock valued at $296,664,000 after acquiring an additional 70,399 shares during the period. First Trust Advisors LP boosted its stake in shares of AAON by 22.1% in the first quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock worth $166,594,000 after acquiring an additional 364,101 shares during the period. Bank of New York Mellon Corp bought a new position in shares of AAON in the second quarter worth about $55,284,000. American Capital Management Inc. bought a new position in shares of AAON in the second quarter worth about $47,595,000. Finally, Senvest Management LLC grew its position in shares of AAON by 63.9% during the first quarter. Senvest Management LLC now owns 310,740 shares of the construction company’s stock worth $25,714,000 after purchasing an additional 121,200 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Insider Activity at AAON

In other news, Director David Stewart acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of $74.66 per share, with a total value of $74,660.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at approximately $298,640. The trade was a 33.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Matthew Shaub acquired 457 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were purchased at an average cost of $76.42 per share, for a total transaction of $34,923.94. Following the completion of the acquisition, the executive vice president directly owned 3,136 shares in the company, valued at approximately $239,653.12. This represents a 17.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 18.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AAON. Oppenheimer reissued an “outperform” rating and set a $115.00 target price (down from $125.00) on shares of AAON in a research note on Wednesday, October 14th. KeyCorp reissued a “sector weight” rating on shares of AAON in a report on Thursday, August 13th. DA Davidson initiated coverage on AAON in a research note on Tuesday, September 15th. They issued a “buy” rating and a $110.00 price target for the company. Robert W. Baird cut their price objective on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Monday, October 12th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AAON has an average rating of “Moderate Buy” and an average price target of $120.00.

AAON Stock Down 6.6%

AAON opened at $54.42 on Friday. The firm has a 50-day simple moving average of $77.41 and a two-hundred day simple moving average of $97.15. AAON, Inc. has a 52 week low of $53.13 and a 52 week high of $150.46. The company has a market capitalization of $4.49 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 1.08 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%. The firm had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. During the same quarter last year, the business posted $0.22 earnings per share. The business’s quarterly revenue was up 101.2% compared to the same quarter last year. Analysts forecast that AAON, Inc. will post 2.35 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%. AAON’s dividend payout ratio is presently 20.83%.

About AAON

AAON, Inc designs and manufactures high-performance heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. Its product portfolio includes rooftop units, air-handling units, condensing units, chillers, geothermal heat pumps and related HVAC controls.

The company’s systems are used in applications such as office buildings, schools, healthcare facilities, retail properties, manufacturing plants and other commercial structures. AAON emphasizes configurable equipment, energy efficiency and integrated controls designed to support indoor comfort and air quality.

AAON was founded in 1988 by Norman H.