Geode Capital Management LLC Boosts Stake in AAON, Inc. (NASDAQ:AAON)
Geode Capital Management LLC raised its stake in shares of AAON, Inc. (NASDAQ:AAON) by 7.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 345,477 shares of the construction company’s stock after buying an additional 23,988 shares during the period. Geode Capital Management LLC’s holdings in AAON were worth $12,212,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in AAON by 3.6% in the first quarter. Vanguard Group Inc. now owns 3,503,276 shares of the construction company’s stock worth $123,841,000 after buying an additional 121,814 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in AAON during the first quarter worth approximately $813,000. Thrivent Financial For Lutherans boosted its stake in AAON by 4.6% in the first quarter. Thrivent Financial For Lutherans now owns 22,442 shares of the construction company’s stock worth $793,000 after buying an additional 980 shares in the last quarter. EULAV Asset Management boosted its stake in AAON by 16.3% in the first quarter. EULAV Asset Management now owns 111,400 shares of the construction company’s stock worth $3,938,000 after buying an additional 15,600 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in AAON by 2.9% in the first quarter. Teachers Advisors LLC now owns 74,738 shares of the construction company’s stock worth $2,642,000 after buying an additional 2,113 shares in the last quarter. Institutional investors own 66.18% of the company’s stock.
Shares of AAON, Inc. (NASDAQ:AAON) remained flat at $31.65 during midday trading on Friday. 118,746 shares of the stock were exchanged. The company’s 50-day moving average price is $35.26 and its 200-day moving average price is $35.60. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 32.97 and a beta of 0.96. AAON, Inc. has a 12 month low of $26.51 and a 12 month high of $38.20.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.02. The firm had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $111.24 million. AAON had a net margin of 13.32% and a return on equity of 24.33%. AAON’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. On average, equities research analysts forecast that AAON, Inc. will post $1.00 earnings per share for the current year.
A number of brokerages recently weighed in on AAON. BidaskClub lowered shares of AAON from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research lowered shares of AAON from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.
In other news, VP Scott M. Asbjornson sold 9,815 shares of AAON stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $36.71, for a total transaction of $360,308.65. Following the sale, the vice president now owns 860,165 shares in the company, valued at $31,576,657.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 22.25% of the company’s stock.
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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