AAON, Inc. (AAON) Position Raised by Neuberger Berman Group LLC
Neuberger Berman Group LLC raised its stake in shares of AAON, Inc. (NASDAQ:AAON) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,588,053 shares of the construction company’s stock after buying an additional 13,725 shares during the period. Neuberger Berman Group LLC owned about 6.82% of AAON worth $132,220,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its position in AAON by 86.0% in the first quarter. LS Investment Advisors LLC now owns 2,899 shares of the construction company’s stock valued at $102,000 after buying an additional 1,340 shares during the period. Ameritas Investment Partners Inc. acquired a new position in AAON during the first quarter valued at $123,000. Victory Capital Management Inc. boosted its position in AAON by 16.1% in the first quarter. Victory Capital Management Inc. now owns 4,140 shares of the construction company’s stock valued at $146,000 after buying an additional 573 shares during the period. State of Alaska Department of Revenue boosted its position in AAON by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 4,360 shares of the construction company’s stock valued at $154,000 after buying an additional 60 shares during the period. Finally, SG Americas Securities LLC acquired a new position in AAON during the second quarter valued at $220,000. Institutional investors and hedge funds own 65.30% of the company’s stock.
AAON, Inc. (AAON) opened at 31.90 on Tuesday. The company has a market cap of $1.68 billion, a PE ratio of 33.23 and a beta of 0.96. AAON, Inc. has a 12-month low of $26.51 and a 12-month high of $38.20. The stock’s 50 day moving average price is $34.61 and its 200 day moving average price is $35.53.
AAON (NASDAQ:AAON) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.02. AAON had a return on equity of 24.33% and a net margin of 13.32%. The firm had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $111.24 million. During the same quarter last year, the company posted $0.27 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. Equities research analysts anticipate that AAON, Inc. will post $1.00 EPS for the current year.
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Several equities analysts have recently weighed in on AAON shares. BidaskClub cut AAON from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday.
In other AAON news, VP Scott M. Asbjornson sold 9,815 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $36.71, for a total transaction of $360,308.65. Following the transaction, the vice president now owns 860,165 shares in the company, valued at approximately $31,576,657.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.25% of the stock is currently owned by corporate 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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