Mutual of America Capital Management LLC Lowers Holdings in AAON, Inc. (NASDAQ:AAON)

Mutual of America Capital Management LLC lessened its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,342 shares of the construction company’s stock after selling 2,727 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AAON were worth $3,919,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock worth $641,267,000 after purchasing an additional 61,544 shares during the period. Janus Henderson Group PLC boosted its holdings in AAON by 79.8% in the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock worth $5,186,000 after acquiring an additional 26,141 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AAON by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after acquiring an additional 6,766 shares in the last quarter. Amalgamated Bank raised its position in shares of AAON by 65.2% in the 2nd quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock worth $3,085,000 after purchasing an additional 13,964 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in AAON in the 1st quarter worth about $518,000. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Up 2.8 %

AAON stock opened at $135.76 on Friday. The business has a fifty day moving average price of $113.21 and a 200-day moving average price of $94.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a 1-year low of $61.09 and a 1-year high of $144.07. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 60.09 and a beta of 0.79.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. Equities research analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s payout ratio is 14.10%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAON. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson upped their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Robert W. Baird boosted their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AAON has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Buying and Selling

In related news, CEO Gary D. Fields sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $8,488,868.85. This represents a 35.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $135.14, for a total value of $192,033.94. Following the transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at $669,348.42. The trade was a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,217 shares of company stock worth $5,467,162. Company insiders own 18.55% of the company’s stock.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.