BlackRock Inc. boosted its position in AAON, Inc. (NASDAQ:AAON) by 0.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,940,898 shares of the construction company’s stock after purchasing an additional 44,527 shares during the quarter. BlackRock Inc. owned approximately 11.40% of AAON worth $298,114,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. HBK Sorce Advisory LLC purchased a new position in shares of AAON in the 2nd quarter worth approximately $201,000. Stone Ridge Asset Management LLC acquired a new position in shares of AAON during the second quarter worth $232,000. Advisor Group Inc. increased its position in shares of AAON by 4.7% during the second quarter. Advisor Group Inc. now owns 4,903 shares of the construction company’s stock worth $246,000 after purchasing an additional 221 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of AAON during the 2nd quarter valued at $286,000. Finally, Bank of Montreal Can lifted its holdings in shares of AAON by 178.2% during the 2nd quarter. Bank of Montreal Can now owns 5,882 shares of the construction company’s stock valued at $295,000 after purchasing an additional 3,768 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.
In other news, VP Rony D. Gadiwalla sold 4,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $50.38, for a total value of $201,520.00. Following the sale, the vice president now directly owns 31,934 shares of the company’s stock, valued at approximately $1,608,834.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott M. Asbjornson sold 21,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $49.90, for a total transaction of $1,047,900.00. Following the transaction, the chief financial officer now directly owns 869,267 shares of the company’s stock, valued at approximately $43,376,423.30. The disclosure for this sale can be found here. 22.24% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:AAON traded up $1.17 on Friday, hitting $50.30. 214,586 shares of the company were exchanged, compared to its average volume of 131,219. The firm has a market capitalization of $2.56 billion, a P/E ratio of 62.10 and a beta of 0.93. The stock’s 50 day moving average price is $49.06 and its 200 day moving average price is $48.19. AAON, Inc. has a 1-year low of $32.33 and a 1-year high of $53.27.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). AAON had a return on equity of 19.11% and a net margin of 10.94%. The firm had revenue of $113.50 million for the quarter, compared to analyst estimates of $126.84 million. During the same period in the prior year, the firm posted $0.27 EPS. The business’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts forecast that AAON, Inc. will post 0.99 EPS for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. AAON’s dividend payout ratio (DPR) is presently 39.51%.
Several brokerages recently weighed in on AAON. ValuEngine downgraded AAON from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Zacks Investment Research downgraded AAON from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, BidaskClub lowered AAON from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. AAON currently has an average rating of “Hold” and a consensus price target of $40.50.
AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.
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