Teachers Advisors LLC Has $2.64 Million Stake in AAON, Inc. (AAON)
Teachers Advisors LLC increased its position in AAON, Inc. (NASDAQ:AAON) by 2.9% during the first quarter, Holdings Channel reports. The institutional investor owned 74,738 shares of the construction company’s stock after buying an additional 2,113 shares during the period. Teachers Advisors LLC’s holdings in AAON were worth $2,642,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. RK Capital Management LLC bought a new stake in shares of AAON during the first quarter worth about $13,498,000. Norges Bank bought a new stake in shares of AAON during the fourth quarter worth about $11,494,000. Bank of New York Mellon Corp boosted its stake in shares of 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 worth $28,892,000 after buying an additional 213,289 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of 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 worth $24,661,000 after buying an additional 139,568 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of AAON by 18.4% in the first quarter. State of Wisconsin Investment Board now owns 244,000 shares of the construction company’s stock worth $8,625,000 after buying an additional 37,900 shares in the last quarter. Institutional investors own 66.18% of the company’s stock.
Shares of AAON, Inc. (AAON) remained flat at $33.70 during midday trading on Tuesday. The company had a trading volume of 4,974 shares. The stock’s 50 day moving average is $35.71 and its 200 day moving average is $35.68. AAON, Inc. has a 1-year low of $26.51 and a 1-year high of $38.20. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 35.10 and a beta of 0.96.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.02. The business had revenue of $101.30 million for the quarter, compared to the consensus estimate of $111.24 million. AAON had a return on equity of 24.33% and a net margin of 13.32%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. Equities research analysts expect that AAON, Inc. will post $1.00 EPS for the current year.
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A number of equities research analysts have recently issued reports on AAON shares. BidaskClub cut AAON from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded AAON from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
In related news, VP Scott M. Asbjornson sold 9,815 shares of AAON stock in a transaction 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 sale, the vice president now directly owns 860,165 shares in the company, valued at $31,576,657.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.25% of the company’s stock.
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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