UBS Group AG boosted its position in AAON, Inc. (NASDAQ:AAON) by 101.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,605 shares of the construction company’s stock after buying an additional 15,375 shares during the period. UBS Group AG’s holdings in AAON were worth $1,082,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of AAON during the fourth quarter worth $377,000. Comerica Bank raised its position in shares of AAON by 5.5% in the fourth quarter. Comerica Bank now owns 42,470 shares of the construction company’s stock worth $1,397,000 after buying an additional 2,203 shares during the last quarter. State Street Corp raised its position in shares of AAON by 7.6% in the fourth quarter. State Street Corp now owns 903,288 shares of the construction company’s stock worth $29,850,000 after buying an additional 63,959 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of AAON by 7.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,827 shares of the construction company’s stock worth $226,000 after buying an additional 482 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of AAON by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,462 shares of the construction company’s stock worth $709,000 after buying an additional 1,160 shares during the last quarter. Institutional investors own 66.12% of the company’s stock.
AAON, Inc. (NASDAQ AAON) opened at 33.80 on Friday. AAON, Inc. has a one year low of $25.33 and a one year high of $38.20. The company has a 50-day moving average of $36.69 and a 200-day moving average of $35.60. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 34.85 and a beta of 0.98.
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 Thomson Reuters’ consensus estimate of $0.20 by $0.01. The firm had revenue of $86.10 million during the quarter, compared to analyst estimates of $87.58 million. AAON had a net margin of 13.43% and a return on equity of 25.28%. AAON’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share. On average, equities analysts forecast that AAON, Inc. will post $1.08 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 9th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 7th. This represents a yield of 0.73%. AAON’s dividend payout ratio (DPR) is 27.08%.
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A number of equities analysts recently weighed in on AAON shares. Zacks Investment Research lowered shares of AAON from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub lowered shares of AAON from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th.
In other AAON news, VP Scott M. Asbjornson sold 9,815 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $36.71, for a total value of $360,308.65. Following the completion of the sale, the vice president now directly owns 860,165 shares in the company, valued at $31,576,657.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.25% of the stock is owned by company insiders.
About AAON
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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