Congress Asset Management Co. MA increased its position in shares of AAON, Inc. (NASDAQ:AAON) by 24.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,593 shares of the construction company’s stock after buying an additional 5,641 shares during the period. Congress Asset Management Co. MA owned approximately 0.05% of AAON worth $1,054,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in AAON by 132,761.8% in the first quarter. BlackRock Inc. now owns 4,753,796 shares of the construction company’s stock worth $168,047,000 after buying an additional 4,750,218 shares in the last quarter. RK Capital Management LLC acquired a new position in AAON during the first quarter valued at approximately $13,498,000. Norges Bank acquired a new position in AAON during the fourth quarter valued at approximately $11,494,000. Bank of New York Mellon Corp increased its position in AAON by 35.3% in the first quarter. Bank of New York Mellon Corp now owns 817,320 shares of the construction company’s stock valued at $28,892,000 after buying an additional 213,289 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in AAON by 25.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 697,631 shares of the construction company’s stock valued at $24,661,000 after buying an additional 139,568 shares during the period. 66.18% of the stock is owned by hedge funds and other institutional investors.
AAON, Inc. (NASDAQ:AAON) opened at 31.65 on Friday. AAON, Inc. has a 52-week low of $26.51 and a 52-week high of $38.20. The stock has a market cap of $1.66 billion, a PE ratio of 32.97 and a beta of 0.96. The firm has a 50 day moving average of $35.26 and a 200-day moving average of $35.60.
AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.02. AAON had a net margin of 13.32% and a return on equity of 24.33%. The company had revenue of $101.30 million for the quarter, compared to analyst estimates of $111.24 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. Equities analysts anticipate that AAON, Inc. will post $1.00 earnings per share for the current fiscal year.
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AAON has been the topic of several research reports. BidaskClub cut shares of AAON from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research cut shares of AAON from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th.
In other AAON news, VP Scott M. Asbjornson sold 9,815 shares of the firm’s 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 sale, the vice president now directly owns 860,165 shares of the company’s stock, valued at approximately $31,576,657.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 22.25% of the stock is currently owned by company insiders.
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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