American International Group Inc. Cuts Position in AAON, Inc. (NASDAQ:AAON)

American International Group Inc. reduced its stake in shares of AAON, Inc. (NASDAQ:AAON) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,321 shares of the construction company’s stock after selling 680 shares during the quarter. American International Group Inc.’s holdings in AAON were worth $1,706,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in AAON by 0.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,166,765 shares of the construction company’s stock valued at $280,504,000 after purchasing an additional 17,977 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of AAON by 3.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,323,202 shares of the construction company’s stock worth $180,222,000 after acquiring an additional 100,259 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of AAON by 3.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,744,552 shares of the construction company’s stock worth $105,109,000 after acquiring an additional 61,325 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of AAON by 0.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 509,705 shares of the construction company’s stock worth $27,672,000 after purchasing an additional 4,524 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of AAON by 0.5% during the 2nd quarter. Principal Financial Group Inc. now owns 309,918 shares of the construction company’s stock worth $16,825,000 after purchasing an additional 1,606 shares during the last quarter. Institutional investors own 59.42% of the company’s stock.

In other news, Director Paul K. Lackey, Jr. sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $65.00, for a total transaction of $195,000.00. Following the transaction, the director now owns 70,619 shares in the company, valued at $4,590,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 22.41% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised AAON from a “sell” rating to a “hold” rating in a report on Wednesday, November 11th. BidaskClub upgraded AAON from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $63.00.

AAON stock opened at $65.47 on Friday. AAON, Inc. has a 52 week low of $40.48 and a 52 week high of $69.41. The stock has a market capitalization of $3.42 billion, a P/E ratio of 44.84 and a beta of 0.65. The stock has a 50-day simple moving average of $62.51 and a 200 day simple moving average of $57.09.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Tuesday, November 10th. The construction company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The business had revenue of $134.80 million during the quarter, compared to the consensus estimate of $119.76 million. AAON had a net margin of 14.87% and a return on equity of 24.49%. The company’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. On average, sell-side analysts anticipate that AAON, Inc. will post 1.41 earnings per share for the current year.

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a yield of 0.6%. AAON’s dividend payout ratio (DPR) is currently 37.25%.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal and water-source heat pumps, self-contained units, coils, and controls.

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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