SG Americas Securities LLC raised its stake in AAON, Inc. (NASDAQ:AAON) by 206.7% during the first quarter, Holdings Channel reports. The fund owned 16,582 shares of the construction company’s stock after buying an additional 11,176 shares during the period. SG Americas Securities LLC’s holdings in AAON were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PRW Wealth Management LLC purchased a new stake in AAON during the 4th quarter valued at $46,000. Ellis Investment Partners LLC bought a new stake in AAON in the first quarter worth $65,000. Bank of Montreal Can increased its position in AAON by 12.1% in the fourth quarter. Bank of Montreal Can now owns 2,689 shares of the construction company’s stock worth $94,000 after purchasing an additional 290 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AAON by 33.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,061 shares of the construction company’s stock worth $107,000 after purchasing an additional 773 shares during the last quarter. Finally, Wakefield Asset Management LLLP bought a new stake in AAON in the fourth quarter worth $133,000. Hedge funds and other institutional investors own 73.01% of the company’s stock.
Several equities research analysts recently weighed in on AAON shares. BidaskClub upgraded shares of AAON from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded shares of AAON from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Monday, March 4th. TheStreet lowered shares of AAON from a “b+” rating to a “c” rating in a research note on Thursday, May 9th. Finally, DA Davidson lowered shares of AAON from a “neutral” rating to an “underperform” rating and set a $35.00 price objective for the company. in a research note on Monday, May 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AAON has an average rating of “Hold” and a consensus target price of $40.50.
Shares of AAON stock opened at $45.91 on Friday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 2.39 and a beta of 0.94. AAON, Inc. has a one year low of $29.77 and a one year high of $52.50.
AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The firm had revenue of $113.82 million during the quarter, compared to the consensus estimate of $109.92 million. AAON had a return on equity of 19.79% and a net margin of 10.97%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, equities analysts predict that AAON, Inc. will post 1.28 EPS for the current fiscal year.
In other AAON news, VP Stephen E. Wakefield sold 1,118 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $47.83, for a total value of $53,473.94. Following the completion of the transaction, the vice president now directly owns 6,878 shares in the company, valued at $328,974.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen E. Wakefield sold 635 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $41.88, for a total transaction of $26,593.80. The disclosure for this sale can be found here. Insiders sold 3,753 shares of company stock valued at $164,848 over the last quarter. 22.24% of the stock is currently owned by corporate insiders.
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AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.
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