Moody Aldrich Partners LLC bought a new position in AAON Inc. (NASDAQ:AAON) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 62,725 shares of the company’s stock, valued at approximately $1,726,000. AAON comprises about 1.4% of Moody Aldrich Partners LLC’s holdings, making the stock its 21st largest position.
Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in AAON during the fourth quarter worth about $9,311,000. Hartford Investment Management Co. boosted its stake in AAON by 81.0% in the second quarter. Hartford Investment Management Co. now owns 134,169 shares of the company’s stock worth $3,691,000 after buying an additional 60,033 shares in the last quarter. LPL Financial LLC boosted its stake in AAON by 338.0% in the first quarter. LPL Financial LLC now owns 47,026 shares of the company’s stock worth $1,266,000 after buying an additional 36,290 shares in the last quarter. Wellington Management Group LLP boosted its stake in AAON by 4.1% in the first quarter. Wellington Management Group LLP now owns 781,259 shares of the company’s stock worth $21,875,000 after buying an additional 30,812 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in AAON by 5.5% in the first quarter. Renaissance Technologies LLC now owns 464,275 shares of the company’s stock worth $13,000,000 after buying an additional 24,343 shares in the last quarter. Institutional investors own 58.68% of the company’s stock.
Shares of AAON Inc. (NASDAQ:AAON) traded up 0.84% during mid-day trading on Thursday, reaching $28.79. 131,340 shares of the company’s stock traded hands. AAON Inc. has a 12-month low of $18.85 and a 12-month high of $29.23. The firm has a 50-day moving average of $27.69 and a 200 day moving average of $27.18. The company has a market cap of $1.52 billion, a P/E ratio of 30.27 and a beta of 1.32.
AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. AAON had a net margin of 13.54% and a return on equity of 27.11%. The firm had revenue of $102.30 million for the quarter, compared to the consensus estimate of $98.03 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. Equities analysts forecast that AAON Inc. will post $1.00 EPS for the current year.
Separately, Zacks Investment Research cut shares of AAON from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th.
In other AAON news, insider Rebecca Thompson sold 1,792 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $28.00, for a total transaction of $50,176.00. Following the transaction, the insider now owns 20,365 shares in the company, valued at $570,220. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 24.91% of the company’s stock.
AAON, Inc (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils.
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