Wasatch Advisors Inc. lowered its holdings in AAON, Inc. (NASDAQ:AAON) by 0.7% during the first quarter, HoldingsChannel reports. The firm owned 1,675,264 shares of the construction company’s stock after selling 11,960 shares during the period. Wasatch Advisors Inc.’s holdings in AAON were worth $77,364,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. US Bancorp DE raised its holdings in AAON by 2.2% in the 1st quarter. US Bancorp DE now owns 64,620 shares of the construction company’s stock worth $2,985,000 after acquiring an additional 1,415 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in AAON by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,737 shares of the construction company’s stock worth $727,000 after purchasing an additional 284 shares during the period. Mason Street Advisors LLC grew its position in AAON by 3.2% in the 1st quarter. Mason Street Advisors LLC now owns 13,020 shares of the construction company’s stock worth $601,000 after purchasing an additional 401 shares during the period. Cim LLC purchased a new stake in shares of AAON during the 1st quarter valued at about $218,000. Finally, Everence Capital Management Inc. bought a new position in AAON during the 1st quarter valued at about $305,000. 73.01% of the stock is currently owned by institutional investors.
NASDAQ:AAON traded down $0.82 during mid-day trading on Wednesday, hitting $47.10. 700 shares of the stock traded hands, compared to its average volume of 133,837. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 58.22, a PEG ratio of 2.39 and a beta of 0.94. AAON, Inc. has a 52 week low of $29.77 and a 52 week high of $52.50.
AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The company had revenue of $113.82 million during the quarter, compared to the consensus estimate of $109.92 million. AAON had a return on equity of 19.79% and a net margin of 10.97%. AAON’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. As a group, analysts predict that AAON, Inc. will post 1.28 earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a $0.16 dividend. The ex-dividend date is Friday, May 31st. AAON’s dividend payout ratio is currently 39.51%.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of AAON from a “hold” rating to a “sell” rating in a report on Thursday, May 16th. TheStreet downgraded shares of AAON from a “b+” rating to a “c” rating in a report on Thursday, May 9th. DA Davidson downgraded shares of AAON from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a report on Monday, May 6th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of AAON from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $40.50.
In other AAON news, VP Stephen E. Wakefield sold 635 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $41.88, for a total value of $26,593.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Stephen E. Wakefield sold 1,118 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $47.83, for a total transaction of $53,473.94. Following the completion of the transaction, the vice president now owns 6,878 shares in the company, valued at $328,974.74. The disclosure for this sale can be found here. Insiders sold a total of 3,753 shares of company stock worth $164,848 over the last 90 days. Insiders own 22.24% of the company’s stock.
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AAON Company Profile
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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