AAON, Inc. (AAON) Shares Bought by Royal Bank of Canada
Royal Bank of Canada increased its stake in AAON, Inc. (NASDAQ:AAON) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,551 shares of the construction company’s stock after purchasing an additional 132 shares during the period. Royal Bank of Canada’s holdings in AAON were worth $499,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of AAON by 132,761.8% in the first quarter. BlackRock Inc. now owns 4,753,796 shares of the construction company’s stock worth $168,047,000 after purchasing an additional 4,750,218 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of AAON by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 3,588,053 shares of the construction company’s stock worth $132,220,000 after purchasing an additional 13,725 shares during the last quarter. Vanguard Group Inc. increased its position in shares of AAON by 1.3% in the second quarter. Vanguard Group Inc. now owns 3,547,234 shares of the construction company’s stock worth $130,715,000 after purchasing an additional 43,958 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in shares of AAON by 5.1% in the second quarter. Conestoga Capital Advisors LLC now owns 1,566,317 shares of the construction company’s stock worth $57,719,000 after purchasing an additional 75,443 shares during the last quarter. Finally, State Street Corp increased its position in shares of AAON by 5.0% in the first quarter. State Street Corp now owns 948,660 shares of the construction company’s stock worth $33,531,000 after purchasing an additional 45,372 shares during the last quarter. Institutional investors own 66.14% of the company’s stock.
Several research firms recently weighed in on AAON. Zacks Investment Research upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub cut shares of AAON from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
In other AAON news, Director Jack E. Short sold 5,062 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $31.91, for a total transaction of $161,528.42. Following the transaction, the director now directly owns 54,336 shares in the company, valued at $1,733,861.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.25% of the stock is owned by company insiders.
AAON, Inc. (NASDAQ AAON) opened at $33.80 on Monday. AAON, Inc. has a 52-week low of $29.95 and a 52-week high of $38.20. The company has a market cap of $1,773.43, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). AAON had a net margin of 12.77% and a return on equity of 23.17%. The business had revenue of $113.67 million for the quarter, compared to the consensus estimate of $111.76 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. equities analysts expect that AAON, Inc. will post 0.97 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 30th will be given a dividend of $0.13 per share. This represents a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, November 29th. AAON’s payout ratio is currently 27.66%.
AAON Company Profile
AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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