Goldman Sachs Group Inc. Has $642,000 Holdings in AAON, Inc. (AAON)
Goldman Sachs Group Inc. cut its stake in AAON, Inc. (NASDAQ:AAON) by 38.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,441 shares of the construction company’s stock after selling 11,021 shares during the period. Goldman Sachs Group Inc.’s holdings in AAON were worth $642,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Capital Analysts LLC acquired a new position in shares of AAON during the second quarter valued at $121,000. Victory Capital Management Inc. increased its holdings in shares of AAON by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,869 shares of the construction company’s stock valued at $179,000 after purchasing an additional 729 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of AAON by 0.9% during the second 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. Amalgamated Bank acquired a new position in shares of AAON during the second quarter valued at $211,000. Finally, SG Americas Securities LLC acquired a new position in shares of AAON during the second quarter valued at $220,000. 65.60% of the stock is currently owned by institutional investors.
AAON, Inc. (AAON) opened at $33.80 on Friday. The company has a market capitalization of $1,749.82, a price-to-earnings ratio of 35.48, a PEG ratio of 2.29 and a beta of 1.01. AAON, Inc. has a fifty-two week low of $29.30 and a fifty-two week 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 analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $113.67 million for the quarter, compared to analyst estimates of $111.76 million. AAON had a net margin of 12.77% and a return on equity of 23.17%. AAON’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. research analysts anticipate that AAON, Inc. will post 0.97 EPS for the current fiscal year.
The firm also recently declared 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 dividend payout ratio (DPR) is 27.66%.
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A number of research analysts have recently commented on the company. BidaskClub lowered AAON from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised AAON from a “sell” rating to a “hold” rating in a report on Friday, August 25th.
In other news, Director Jack E. Short sold 5,062 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $31.91, for a total transaction of $161,528.42. Following the transaction, the director now directly owns 54,336 shares of the company’s stock, valued at $1,733,861.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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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