AAON, Inc. (NASDAQ:AAON) Stock Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of AAON, Inc. (NASDAQ:AAON) by 63.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,875 shares of the construction company’s stock after selling 4,991 shares during the period. Victory Capital Management Inc.’s holdings in AAON were worth $144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in AAON by 0.8% during the second quarter. BlackRock Inc. now owns 5,940,898 shares of the construction company’s stock valued at $298,114,000 after purchasing an additional 44,527 shares in the last quarter. Capital Advisors Inc. OK grew its position in AAON by 0.5% in the second quarter. Capital Advisors Inc. OK now owns 3,292,444 shares of the construction company’s stock worth $165,066,000 after acquiring an additional 15,670 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in AAON by 2.6% in the second quarter. Conestoga Capital Advisors LLC now owns 1,635,333 shares of the construction company’s stock worth $82,061,000 after acquiring an additional 40,855 shares in the last quarter. Bank of New York Mellon Corp grew its position in AAON by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 583,729 shares of the construction company’s stock worth $29,291,000 after acquiring an additional 26,154 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in AAON by 2.5% in the second quarter. Wells Fargo & Company MN now owns 514,652 shares of the construction company’s stock worth $25,825,000 after acquiring an additional 12,651 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

AAON stock opened at $44.89 on Wednesday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 55.42 and a beta of 0.97. AAON, Inc. has a 12 month low of $31.55 and a 12 month high of $53.27. The firm has a 50 day moving average of $47.25 and a two-hundred day moving average of $47.69.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.06). The firm had revenue of $119.40 million for the quarter, compared to the consensus estimate of $124.42 million. AAON had a return on equity of 19.78% and a net margin of 11.01%. AAON’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. As a group, sell-side analysts expect that AAON, Inc. will post 1.03 earnings per share for the current fiscal year.

AAON has been the subject of several recent research reports. Zacks Investment Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. ValuEngine downgraded shares of AAON from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub downgraded shares of AAON from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $40.50.

In related news, VP Rony D. Gadiwalla sold 4,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $50.38, for a total transaction of $201,520.00. Following the completion of the sale, the vice president now directly owns 31,934 shares of the company’s stock, valued at approximately $1,608,834.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Scott M. Asbjornson sold 21,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $49.90, for a total transaction of $1,047,900.00. Following the sale, the chief financial officer now directly owns 869,267 shares of the company’s stock, valued at $43,376,423.30. The disclosure for this sale can be found here. 22.24% of the stock is currently owned by corporate insiders.

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. 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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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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