Capital International Investors Takes Position in AAON, Inc. (NASDAQ:AAON)

Capital International Investors bought a new stake in shares of AAON, Inc. (NASDAQ:AAONFree Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 63,180 shares of the construction company’s stock, valued at approximately $4,667,000. Capital International Investors owned approximately 0.08% of AAON as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. TFO Wealth Partners LLC acquired a new position in AAON in the fourth quarter valued at about $27,000. GAMMA Investing LLC acquired a new position in AAON in the fourth quarter valued at about $36,000. McGlone Suttner Wealth Management Inc. acquired a new position in AAON in the fourth quarter valued at about $39,000. Operose Advisors LLC acquired a new position in AAON in the third quarter valued at about $31,000. Finally, CI Investments Inc. boosted its position in AAON by 50.9% in the third quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock valued at $35,000 after buying an additional 208 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Stock Down 0.5 %

NASDAQ:AAON opened at $71.99 on Friday. The firm has a market cap of $5.92 billion, a PE ratio of 33.54 and a beta of 0.80. AAON, Inc. has a 12 month low of $52.24 and a 12 month high of $96.34. The company’s 50-day moving average price is $82.02 and its two-hundred day moving average price is $77.52.

AAON (NASDAQ:AAONGet Free Report) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). AAON had a return on equity of 25.84% and a net margin of 15.44%. The company had revenue of $262.10 million during the quarter, compared to the consensus estimate of $284.76 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. On average, research analysts expect that AAON, Inc. will post 2.22 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, June 7th. AAON’s dividend payout ratio is presently 14.91%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on AAON

Insiders Place Their Bets

In other AAON news, CEO Gary D. Fields sold 28,200 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total value of $2,146,866.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $4,894,778.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other AAON news, CEO Gary D. Fields sold 28,200 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total value of $2,146,866.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $4,894,778.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 24,655 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the completion of the transaction, the vice president now directly owns 15,992 shares of the company’s stock, valued at $1,293,113.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,296 shares of company stock valued at $6,800,134. 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.

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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