Mutual of America Capital Management LLC acquires 310 shares of AAON, Inc. (NASDAQ: AAON)


Mutual of America Capital Management LLC increased its holdings in AAON, Inc. (NASDAQ: AAON – Get Rating) by 5.5% in the first quarter, according to its latest communication with the Securities & Exchange Commission. The fund held 5,969 shares of the construction company after buying 310 additional shares during the quarter. Mutual of America Capital Management LLC’s holdings in AAON were worth $333,000 at the end of last quarter.

Other institutional investors also changed their positions in the company. First Horizon Advisors Inc. increased its holdings of AAON shares by 188.8% in the fourth quarter. First Horizon Advisors Inc. now owns 335 shares of the construction company valued at $26,000 after buying 219 more shares in the last quarter. Fifth Third Bancorp increased its holdings of AAON shares by 75.9% in the fourth quarter. Fifth Third Bancorp now owns 1,022 shares of the construction company valued at $81,000 after buying 441 more shares in the last quarter. Point72 Hong Kong Ltd increased its stake in AAON by 260.7% during the 4th quarter. Point72 Hong Kong Ltd now owns 1,681 shares in the construction company worth $134,000 after buying 1,215 more shares in the last quarter. Hardy Reed LLC purchased a new stake in AAON during Q1 worth approximately $131,000. Finally, First Republic Investment Management Inc. acquired a new stake in AAON during the 4th quarter at a value of approximately $200,000. 71.28% of the shares are held by institutional investors.

Insider Activity at AAON

Separately, Vice Chairman Rony D. Gadiwalla sold 4,000 shares of the company in a transaction that took place on Friday, May 13. The stock was sold at an average price of $53.80, for a total value of $215,200.00. Following the completion of the transaction, the vice president now directly owns 27,144 shares of the company, valued at approximately $1,460,347.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other AAON news, Vice Chairman Gordon Douglas Wichman sold 3,398 shares of the company in a trade that took place on Wednesday, May 25. The stock was sold at an average price of $52.15, for a total transaction of $177,205.70. Following the completion of the transaction, the vice president now owns 4,208 shares of the company, valued at approximately $219,447.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Additionally, Vice Chairman Rony D. Gadiwalla sold 4,000 shares of the company in a transaction that took place on Friday, May 13. The stock was sold at an average price of $53.80, for a total value of $215,200.00. Following the transaction, the vice president now directly owns 27,144 shares of the company, valued at approximately $1,460,347.20. The disclosure of this sale can be found here. In the past three months, insiders have sold 18,358 shares of the company worth $987,027. 19.27% ​​of the shares are held by insiders of the company.

AAON Stock Performance

Shares of AAON opened at $60.17 on Monday. The company has a debt ratio of 0.14, a current ratio of 2.48 and a quick ratio of 1.20. The stock has a market capitalization of $3.19 billion, a PE ratio of 54.21 and a beta of 0.67. The stock has a 50-day moving average of $54.14 and a 200-day moving average of $55.53. AAON, Inc. has a one-year low of $47.50 and a one-year high of $83.79.

AAON (NASDAQ:AAON – Get Rating) last announced its quarterly results on Thursday, May 5. The construction company reported EPS of $0.33 for the quarter, beating consensus analyst estimates of $0.31 by $0.02. The company posted revenue of $182.77 million in the quarter, compared to $158.47 million expected by analysts. AAON had a return on equity of 14.74% and a net margin of 10.05%. AAON’s revenue increased 57.8% year over year. During the same period a year earlier, the company posted EPS of $0.30. As a group, sell-side analysts expect AAON, Inc. to post earnings per share of 1.79 for the current year.

AAON Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, July 1. Investors of record on Friday, June 3 received a dividend of $0.19. The ex-dividend date was Thursday, June 2. This represents a dividend yield of 0.7%. AAON’s dividend payout ratio is currently 34.23%.

Analysts set new price targets

AAON has been the subject of several recent research reports. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a Friday, May 6 report. DA Davidson upgraded AAON from a “neutral” rating to a “buy” rating in a Friday, May 6 report.

AAON Company Profile

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AAON, Inc, together with its subsidiaries, is engaged in the engineering, manufacturing, marketing and sales of 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, clean room systems, chillers, packaged outdoor mechanical rooms, air handling units, make-up air units, heat 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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