UniSuper Management Pty Ltd Invests $1.08 Million in AAON, Inc. (NASDAQ:AAON)

UniSuper Management Pty Ltd acquired a new position in AAON, Inc. (NASDAQ:AAON) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,258 shares of the construction company’s stock, valued at approximately $1,080,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in AAON in the fourth quarter worth about $43,832,000. Vaughan Nelson Investment Management L.P. acquired a new stake in AAON in the 4th quarter worth approximately $22,784,000. Norden Group LLC grew its position in AAON by 2,604.7% during the 1st quarter. Norden Group LLC now owns 305,550 shares of the construction company’s stock worth $26,920,000 after purchasing an additional 294,253 shares during the last quarter. Global Alpha Capital Management Ltd. acquired a new position in AAON during the 4th quarter valued at approximately $11,598,000. Finally, Lord Abbett & CO. LLC raised its holdings in shares of AAON by 18.9% in the first quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock worth $52,226,000 after buying an additional 94,026 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Trading Down 5.9 %

Shares of NASDAQ AAON traded down $5.27 during trading on Wednesday, reaching $84.78. 490,373 shares of the company traded hands, compared to its average volume of 713,746. The stock has a market cap of $6.97 billion, a P/E ratio of 40.88 and a beta of 0.80. The firm’s fifty day simple moving average is $80.73 and its 200 day simple moving average is $81.10. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $96.34.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). AAON had a net margin of 15.44% and a return on equity of 25.84%. The company had revenue of $262.10 million for the quarter, compared to analysts’ expectations of $284.76 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts expect that AAON, Inc. will post 2.24 EPS for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Friday, June 7th. AAON’s dividend payout ratio is currently 14.91%.

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 28,200 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total value of $2,146,866.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at $4,894,778.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Gary D. Fields sold 28,200 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $4,894,778.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction on Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the completion of the sale, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,646 shares of company stock valued at $5,885,399. Corporate insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on AAON shares. DA Davidson reissued a “buy” rating and issued a $102.00 target price on shares of AAON in a research report on Wednesday, June 26th. Robert W. Baird assumed coverage on AAON in a research note on Wednesday. They issued a “neutral” rating and a $100.00 price objective for the company. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a report on Monday, June 17th. Finally, William Blair started coverage on shares of AAON in a report on Monday, April 29th. They issued an “outperform” rating on the stock.

AAON Company Profile

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.