Rhumbline Advisers Boosts Position in AAON, Inc. (AAON)

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Rhumbline Advisers boosted its stake in AAON, Inc. (NASDAQ:AAON) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 102,684 shares of the construction company’s stock after purchasing an additional 1,453 shares during the period. Rhumbline Advisers owned about 0.20% of AAON worth $3,414,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in AAON by 0.8% in the 1st quarter. BlackRock Inc. now owns 5,155,021 shares of the construction company’s stock valued at $201,044,000 after purchasing an additional 43,368 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in AAON by 6.1% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,984,189 shares of the construction company’s stock valued at $65,974,000 after purchasing an additional 114,123 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in AAON by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,816,234 shares of the construction company’s stock valued at $70,833,000 after purchasing an additional 26,191 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in AAON by 25.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,559,641 shares of the construction company’s stock valued at $60,826,000 after purchasing an additional 311,944 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in AAON by 5.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 495,169 shares of the construction company’s stock valued at $16,464,000 after purchasing an additional 27,441 shares during the last quarter. Hedge funds and other institutional investors own 71.88% of the company’s stock.

NASDAQ:AAON opened at $39.40 on Friday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 3.06 and a beta of 0.92. AAON, Inc. has a 52 week low of $29.05 and a 52 week high of $43.30.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The business had revenue of $109.59 million during the quarter, compared to the consensus estimate of $117.69 million. AAON had a net margin of 10.89% and a return on equity of 17.78%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. sell-side analysts forecast that AAON, Inc. will post 0.87 EPS for the current year.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of AAON from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, ValuEngine upgraded shares of AAON from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd.

In other AAON news, VP Scott M. Asbjornson sold 3,912 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $33.13, for a total value of $129,604.56. Following the completion of the transaction, the vice president now owns 858,407 shares in the company, valued at $28,439,023.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Rebecca Thompson sold 5,533 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $42.69, for a total transaction of $236,203.77. Following the completion of the transaction, the chief accounting officer now owns 12,196 shares of the company’s stock, valued at approximately $520,647.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,896 shares of company stock valued at $664,401. Insiders own 22.20% 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. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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