First Trust Advisors LP increased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 18.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,105 shares of the construction company’s stock after acquiring an additional 4,853 shares during the quarter. First Trust Advisors LP owned about 0.06% of AAON worth $1,072,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in AAON. Kayne Anderson Rudnick Investment Management LLC increased its position in AAON by 22.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 857,340 shares of the construction company’s stock worth $31,593,000 after acquiring an additional 159,709 shares during the period. Wasatch Advisors Inc. boosted its stake in AAON by 13.2% during the second quarter. Wasatch Advisors Inc. now owns 1,025,865 shares of the construction company’s stock worth $37,803,000 after buying an additional 119,468 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in AAON during the second quarter worth $1,788,000. State Street Corp boosted its stake in AAON by 5.1% during the second quarter. State Street Corp now owns 997,076 shares of the construction company’s stock worth $36,741,000 after buying an additional 48,416 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in AAON by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,547,234 shares of the construction company’s stock worth $130,715,000 after buying an additional 43,958 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 business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $31.91, for a total value of $161,528.42. Following the sale, the director now owns 54,336 shares in the company, valued at approximately $1,733,861.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.25% of the stock is currently owned by insiders.
AAON (NASDAQ:AAON) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). AAON had a net margin of 12.77% and a return on equity of 23.17%. The firm had revenue of $113.67 million during the quarter, compared to analyst estimates of $111.76 million. During the same quarter in the prior year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. equities research analysts forecast that AAON, Inc. will post 0.97 earnings per share for the current year.
The company also recently announced a semiannual dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a dividend yield of 0.76%. AAON’s dividend payout ratio is presently 27.66%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub downgraded shares of AAON from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th.
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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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