Victory Capital Management Inc. Decreases Stake in AAON, Inc. (NASDAQ:AAON)

Victory Capital Management Inc. lowered its stake in AAON, Inc. (NASDAQ:AAONFree Report) by 32.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,944 shares of the construction company’s stock after selling 37,066 shares during the period. Victory Capital Management Inc.’s holdings in AAON were worth $4,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Pinnacle Financial Partners Inc increased its holdings in shares of AAON by 50.0% in the third quarter. Pinnacle Financial Partners Inc now owns 1,125 shares of the construction company’s stock valued at $64,000 after purchasing an additional 375 shares during the period. Bahl & Gaynor Inc. grew its holdings in AAON by 52.4% during the third quarter. Bahl & Gaynor Inc. now owns 62,974 shares of the construction company’s stock worth $3,581,000 after acquiring an additional 21,664 shares during the period. Gitterman Wealth Management LLC grew its holdings in AAON by 50.0% during the third quarter. Gitterman Wealth Management LLC now owns 27,000 shares of the construction company’s stock worth $1,535,000 after acquiring an additional 9,000 shares during the period. California Public Employees Retirement System acquired a new position in AAON during the third quarter worth $3,020,000. Finally, Principal Financial Group Inc. grew its holdings in AAON by 50.1% during the third quarter. Principal Financial Group Inc. now owns 374,179 shares of the construction company’s stock worth $21,280,000 after acquiring an additional 124,812 shares during the period. Institutional investors and hedge funds own 47.89% of the company’s stock.

AAON Trading Up 4.5 %

Shares of AAON stock opened at $75.33 on Thursday. The business’s fifty day moving average price is $70.65 and its 200 day moving average price is $61.83. AAON, Inc. has a 1-year low of $49.97 and a 1-year high of $75.56. The firm has a market capitalization of $6.18 billion, a PE ratio of 36.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.03 and a quick ratio of 1.50.

AAON (NASDAQ:AAONGet Free Report) last posted its earnings results on Monday, November 6th. The construction company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.09. The company had revenue of $311.97 million for the quarter, compared to analyst estimates of $294.63 million. AAON had a return on equity of 27.79% and a net margin of 15.18%. AAON’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. As a group, sell-side analysts forecast that AAON, Inc. will post 2.09 EPS for the current fiscal year.

Insider Buying and Selling at AAON

In other AAON news, COO Stephen E. Wakefield sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $74.00, for a total value of $1,110,000.00. Following the sale, the chief operating officer now owns 13,473 shares of the company’s stock, valued at $997,002. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $64.00, for a total value of $320,000.00. Following the sale, the chief financial officer now directly owns 15,107 shares in the company, valued at $966,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen E. Wakefield sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $74.00, for a total value of $1,110,000.00. Following the completion of the sale, the chief operating officer now owns 13,473 shares in the company, valued at $997,002. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 173,093 shares of company stock valued at $11,561,751. Insiders own 19.16% of the company’s stock.

AAON Company Profile

(Free Report)

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling 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, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy 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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