Dimensional Fund Advisors LP reduced its position in shares of AAON Inc. (NASDAQ:AAON) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,893,380 shares of the company’s stock after selling 22,427 shares during the period. Dimensional Fund Advisors LP owned 3.57% of AAON worth $52,086,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of AAON by 16.9% in the first quarter. Royal Bank of Canada now owns 5,585 shares of the company’s stock worth $156,000 after buying an additional 806 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of AAON by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 6,019 shares of the company’s stock worth $166,000 after buying an additional 738 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of AAON during the first quarter worth approximately $276,000. BB&T Corp acquired a new stake in shares of AAON during the second quarter worth approximately $310,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of AAON by 102.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,709 shares of the company’s stock worth $350,000 after buying an additional 6,435 shares during the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.
AAON Inc. (NASDAQ:AAON) traded down 3.71% during midday trading on Friday, hitting $29.59. The stock had a trading volume of 273,711 shares. The stock has a 50-day moving average of $28.39 and a 200-day moving average of $27.44. The firm has a market cap of $1.57 billion, a P/E ratio of 31.11 and a beta of 1.30. AAON Inc. has a 52 week low of $19.06 and a 52 week high of $30.80.
AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company earned $102.30 million during the quarter, compared to the consensus estimate of $98.03 million. AAON had a return on equity of 27.11% and a net margin of 13.54%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. Analysts forecast that AAON Inc. will post $1.00 EPS for the current fiscal year.
Separately, Zacks Investment Research raised AAON from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Monday, August 8th.
In related news, insider Rebecca Thompson sold 1,792 shares of the company’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $28.00, for a total value of $50,176.00. Following the completion of the sale, the insider now owns 20,365 shares in the company, valued at $570,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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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