Charles Schwab Investment Management Inc. Grows Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Charles Schwab Investment Management Inc. raised its stake in shares of AAON, Inc. (NASDAQ:AAONFree Report) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 837,781 shares of the construction company’s stock after acquiring an additional 17,306 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AAON were worth $61,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in shares of AAON in the 4th quarter worth $36,000. McGlone Suttner Wealth Management Inc. purchased a new position in AAON during the 4th quarter valued at about $39,000. Operose Advisors LLC purchased a new position in AAON during the 3rd quarter valued at about $31,000. CI Investments Inc. increased its holdings in AAON by 50.9% during the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Finally, Huntington National Bank increased its holdings in AAON by 49.6% during the 3rd quarter. Huntington National Bank now owns 974 shares of the construction company’s stock valued at $55,000 after acquiring an additional 323 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, William Blair started coverage on shares of AAON in a report on Monday, April 29th. They set an “outperform” rating for the company.

Check Out Our Latest Stock Analysis on AAON

AAON Trading Up 0.6 %

NASDAQ:AAON opened at $75.82 on Thursday. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $96.34. The company has a market capitalization of $6.23 billion, a P/E ratio of 35.32 and a beta of 0.88. The firm has a 50-day moving average price of $85.09 and a two-hundred day moving average price of $75.75.

AAON (NASDAQ:AAONGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). AAON had a return on equity of 25.84% and a net margin of 15.44%. The firm had revenue of $262.10 million for the quarter, compared to analyst estimates of $284.76 million. During the same period in the prior year, the business earned $0.45 earnings per share. AAON’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts predict that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. AAON’s dividend payout ratio is currently 14.91%.

Insider Buying and Selling

In related news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AAON news, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the transaction, the director now directly owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the transaction, the director now directly owns 14,874 shares in the company, valued at $1,209,256.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,596 shares of company stock valued at $3,613,768. Insiders own 18.55% of the company’s stock.

AAON Profile

(Free Report)

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.

Featured Stories

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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