Thrivent Financial For Lutherans raised its stake in shares of AAON, Inc. (NASDAQ:AAON) by 4.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 22,442 shares of the construction company’s stock after buying an additional 980 shares during the period. Thrivent Financial For Lutherans’ holdings in AAON were worth $793,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in AAON. Karp Capital Management Corp acquired a new position in AAON during the first quarter valued at $615,000. 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 period. 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 period. 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 period. Finally, Swiss National Bank boosted its position in AAON by 2.7% in the first quarter. Swiss National Bank now owns 69,650 shares of the construction company’s stock valued at $2,462,000 after buying an additional 1,800 shares during the period. Institutional investors and hedge funds own 66.18% of the company’s stock.
AAON, Inc. (NASDAQ:AAON) traded up 4.45% during trading on Friday, hitting $35.20. The stock had a trading volume of 248,511 shares. The stock has a 50 day moving average of $36.49 and a 200 day moving average of $35.65. The firm has a market capitalization of $1.85 billion, a P/E ratio of 36.29 and a beta of 0.96. AAON, Inc. has a one year low of $25.75 and a one year high of $38.20.
AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 3rd. The construction company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by $0.02. AAON had a return on equity of 24.33% and a net margin of 13.32%. The business had revenue of $101.30 million for the quarter, compared to analyst estimates of $111.24 million. During the same period in the prior year, the business earned $0.27 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts expect that AAON, Inc. will post $1.06 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 9th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a yield of 0.73%. AAON’s dividend payout ratio is currently 27.37%.
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AAON has been the topic of several recent analyst reports. Zacks Investment Research upgraded AAON from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub upgraded AAON from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.
In related news, VP Scott M. Asbjornson sold 9,815 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $36.71, for a total transaction of $360,308.65. Following the completion of the sale, the vice president now owns 860,165 shares of the company’s stock, valued at $31,576,657.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.25% of the company’s stock.
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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