Vanguard Personalized Indexing Management LLC Increases Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Vanguard Personalized Indexing Management LLC increased its holdings in AAON, Inc. (NASDAQ:AAON) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,963 shares of the construction company’s stock after purchasing an additional 257 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in AAON were worth $514,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its position in shares of AAON by 48.0% in the third quarter. M&T Bank Corp now owns 24,209 shares of the construction company’s stock valued at $1,377,000 after acquiring an additional 7,848 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of AAON by 50.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,235 shares of the construction company’s stock worth $639,000 after purchasing an additional 3,745 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 buying an additional 124,812 shares in the last quarter. California Public Employees Retirement System purchased a new position in shares of AAON during the third quarter valued at approximately $3,020,000. Finally, Pinnacle Financial Partners Inc boosted its position in AAON by 50.0% during the third quarter. Pinnacle Financial Partners Inc now owns 1,125 shares of the construction company’s stock worth $64,000 after acquiring an additional 375 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Stock Up 2.6 %

Shares of AAON stock opened at $78.26 on Friday. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $96.34. The firm’s 50 day moving average price is $84.39 and its two-hundred day moving average price is $76.57. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 36.46 and a beta of 0.88.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). AAON had a return on equity of 25.84% and a net margin of 15.44%. The company had revenue of $262.10 million during the quarter, compared to analysts’ expectations of $284.76 million. During the same quarter in the prior year, the company earned $0.45 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that AAON, Inc. will post 2.22 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. AAON’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analysts Forecast Growth

Separately, William Blair began coverage on AAON in a research report on Monday, April 29th. They issued an “outperform” rating for the company.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 28,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $76.13, for a total value of $2,146,866.00. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $4,894,778.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Gary D. Fields sold 28,200 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $4,894,778.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rebecca Thompson sold 13,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the sale, the chief financial officer now directly owns 17,297 shares in the company, valued at $1,331,869. The disclosure for this sale can be found here. Insiders sold a total of 86,296 shares of company stock valued at $6,800,134 in the last ninety days. Corporate insiders own 18.55% of the company’s stock.

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. 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.