Thrivent Financial For Lutherans increased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 4.6% during the first quarter, according to its most recent Form 13F 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 also recently made changes to their positions in AAON. EULAV Asset Management boosted its position in shares of AAON by 16.3% in the first quarter. EULAV Asset Management now owns 111,400 shares of the construction company’s stock valued at $3,938,000 after buying an additional 15,600 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of AAON by 2.9% in the first quarter. Teachers Advisors LLC now owns 74,738 shares of the construction company’s stock valued at $2,642,000 after buying an additional 2,113 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of AAON by 5.2% in the first quarter. Principal Financial Group Inc. now owns 313,536 shares of the construction company’s stock valued at $11,083,000 after buying an additional 15,618 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of AAON by 18.1% in the first quarter. OppenheimerFunds Inc. now owns 8,850 shares of the construction company’s stock valued at $313,000 after buying an additional 1,355 shares during the last quarter. Finally, RK Capital Management LLC bought a new position in shares of AAON during the first quarter valued at about $13,498,000. Institutional investors and hedge funds own 65.97% of the company’s stock.
Shares of AAON, Inc. (NASDAQ AAON) opened at 37.30 on Wednesday. The stock has a market cap of $1.96 billion, a PE ratio of 38.45 and a beta of 0.98. AAON, Inc. has a 1-year low of $25.33 and a 1-year high of $38.20. The company’s 50-day moving average price is $36.65 and its 200 day moving average price is $35.12.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 4th. The construction company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $86.10 million during the quarter, compared to analysts’ expectations of $87.58 million. AAON had a net margin of 13.43% and a return on equity of 25.28%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. Equities analysts forecast that AAON, Inc. will post $1.08 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 9th were issued a $0.13 dividend. This represents a yield of 0.73%. The ex-dividend date was Wednesday, June 7th. AAON’s dividend payout ratio is currently 27.08%.
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Several brokerages have recently issued reports on AAON. BidaskClub upgraded AAON from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded AAON from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
In related news, VP Scott M. Asbjornson sold 9,815 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $36.71, for a total value of $360,308.65. Following the completion of the transaction, the vice president now owns 860,165 shares of the company’s stock, valued at $31,576,657.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 22.25% of the company’s stock.
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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