US Bancorp DE increased its stake in AAON, Inc. (NASDAQ:AAON) by 5.5% during the first quarter, Holdings Channel reports. The firm owned 47,119 shares of the construction company’s stock after buying an additional 2,444 shares during the period. US Bancorp DE’s holdings in AAON were worth $1,665,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in AAON. Zebra Capital Management LLC boosted its position in AAON by 20.3% in the fourth quarter. Zebra Capital Management LLC now owns 28,854 shares of the construction company’s stock valued at $954,000 after buying an additional 4,859 shares during the last quarter. BlackRock Investment Management LLC boosted its position in AAON by 1.5% in the third quarter. BlackRock Investment Management LLC now owns 168,353 shares of the construction company’s stock valued at $4,852,000 after buying an additional 2,510 shares during the last quarter. State Street Corp boosted its position in AAON by 7.6% in the fourth quarter. State Street Corp now owns 903,288 shares of the construction company’s stock valued at $29,850,000 after buying an additional 63,959 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in AAON by 7.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,827 shares of the construction company’s stock valued at $226,000 after buying an additional 482 shares during the last quarter. Finally, Comerica Bank boosted its position in AAON by 5.5% in the fourth quarter. Comerica Bank now owns 42,470 shares of the construction company’s stock valued at $1,397,000 after buying an additional 2,203 shares during the last quarter. Institutional investors and hedge funds own 59.44% of the company’s stock.
AAON, Inc. (NASDAQ:AAON) opened at 36.80 on Tuesday. AAON, Inc. has a 52-week low of $25.33 and a 52-week high of $37.75. The stock has a market cap of $1.94 billion, a PE ratio of 37.94 and a beta of 0.98. The firm has a 50-day moving average price of $35.94 and a 200 day moving average price of $34.24.
AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 4th. The construction company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.01. The business had revenue of $86.10 million for the quarter, compared to the consensus estimate of $87.58 million. AAON had a net margin of 13.81% and a return on equity of 28.03%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. Equities analysts anticipate that AAON, Inc. will post $1.08 earnings per share for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, July 7th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.13 per share. This represents a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, June 7th. AAON’s payout ratio is currently 26.00%.
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Separately, Zacks Investment Research cut AAON from a “hold” rating to a “sell” rating in a research report on Monday, May 8th.
In other AAON news, insider Rebecca Thompson sold 1,370 shares of AAON stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $36.50, for a total transaction of $50,005.00. Following the sale, the insider now owns 19,964 shares of the company’s stock, valued at approximately $728,686. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jerry R. Levine sold 20,000 shares of AAON stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the sale, the director now directly owns 241,399 shares in the company, valued at approximately $8,540,696.62. The disclosure for this sale can be found here. Insiders have sold a total of 47,118 shares of company stock worth $1,665,537 in the last ninety days. 24.91% of the stock is owned by company insiders.
AAON Company Profile
AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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