Crossmark Global Holdings Inc. bought a new position in shares of AAON, Inc. (NASDAQ:AAON) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,901 shares of the construction company’s stock, valued at approximately $341,000.
A number of other large investors have also recently added to or reduced their stakes in AAON. Alps Advisors Inc. boosted its position in shares of AAON by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 13,546 shares of the construction company’s stock valued at $499,000 after purchasing an additional 35 shares during the period. Pinebridge Investments L.P. boosted its position in shares of AAON by 0.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,198 shares of the construction company’s stock valued at $192,000 after purchasing an additional 48 shares during the period. 1st Global Advisors Inc. boosted its position in AAON by 1.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 7,294 shares of the construction company’s stock worth $269,000 after acquiring an additional 97 shares during the period. Arizona State Retirement System boosted its position in AAON by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 20,622 shares of the construction company’s stock worth $760,000 after acquiring an additional 100 shares during the period. Finally, Royal Bank of Canada boosted its position in AAON by 1.0% during the 2nd quarter. Royal Bank of Canada now owns 13,551 shares of the construction company’s stock worth $499,000 after acquiring an additional 132 shares during the period. 68.14% of the stock is currently owned by hedge funds and other institutional investors.
AAON, Inc. (NASDAQ AAON) opened at $37.55 on Wednesday. The company has a market capitalization of $1,964.94, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01. AAON, Inc. has a 1 year low of $29.95 and a 1 year high of $38.20.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). AAON had a return on equity of 23.17% and a net margin of 12.77%. The business had revenue of $113.67 million during the quarter, compared to the consensus estimate of $111.76 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. equities analysts predict that AAON, Inc. will post 0.97 EPS for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.13 per share. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, November 29th. AAON’s payout ratio is presently 27.66%.
A number of brokerages recently weighed in on AAON. BidaskClub downgraded AAON from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, August 25th.
In related news, Director Jack E. Short sold 5,062 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $31.91, for a total value of $161,528.42. Following the sale, the director now owns 54,336 shares of the company’s stock, valued at approximately $1,733,861.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.25% of the stock is owned by insiders.
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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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