Comerica Bank Has $1.97 Million Stake in AAON, Inc. (AAON)
Comerica Bank lifted its position in AAON, Inc. (NASDAQ:AAON) by 38.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 57,476 shares of the construction company’s stock after purchasing an additional 16,074 shares during the quarter. Comerica Bank owned 0.11% of AAON worth $1,971,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Neuberger Berman Group LLC lifted its position in AAON by 0.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,588,053 shares of the construction company’s stock valued at $132,220,000 after purchasing an additional 13,725 shares during the period. Vanguard Group Inc. increased its stake in AAON by 1.3% during the 2nd 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 in the last quarter. Conestoga Capital Advisors LLC increased its stake in AAON by 8.8% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,704,008 shares of the construction company’s stock worth $58,746,000 after purchasing an additional 137,691 shares in the last quarter. Wasatch Advisors Inc. increased its stake in AAON by 13.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,025,865 shares of the construction company’s stock worth $37,803,000 after purchasing an additional 119,468 shares in the last quarter. Finally, State Street Corp grew its stake in shares of AAON by 5.1% during the 2nd quarter. State Street Corp now owns 997,076 shares of the construction company’s stock worth $36,741,000 after acquiring an additional 48,416 shares in the last quarter. 68.14% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Jack E. Short sold 5,062 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $31.91, for a total transaction of $161,528.42. Following the completion of the transaction, the director now owns 54,336 shares in the company, valued at approximately $1,733,861.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.25% of the stock is owned by corporate insiders.
A number of research analysts recently commented on AAON shares. Zacks Investment Research raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. BidaskClub cut AAON from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th.
AAON, Inc. (NASDAQ:AAON) opened at $36.45 on Friday. AAON, Inc. has a 12-month low of $29.95 and a 12-month high of $38.20. The stock has a market capitalization of $1,888.86, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.47 and a beta of 1.01.
AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). AAON had a return on equity of 23.17% and a net margin of 12.77%. The firm had revenue of $113.67 million for the quarter, compared to the consensus estimate of $111.76 million. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. equities analysts expect that AAON, Inc. will post 0.97 earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 30th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, November 29th. This represents a yield of 0.76%. AAON’s dividend payout ratio (DPR) is presently 27.66%.
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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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