MetLife Investment Advisors LLC reduced its stake in shares of AAON, Inc. (NASDAQ:AAON) by 12.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,747 shares of the construction company’s stock after selling 2,348 shares during the quarter. MetLife Investment Advisors LLC’s holdings in AAON were worth $773,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of AAON. PRW Wealth Management LLC purchased a new stake in AAON in the fourth quarter valued at approximately $46,000. Ellis Investment Partners LLC purchased a new stake in AAON in the first quarter valued at approximately $65,000. Bank of Montreal Can boosted 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 valued at $94,000 after buying an additional 290 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in AAON in the 1st quarter worth approximately $116,000. Finally, Wakefield Asset Management LLLP purchased a new stake in AAON in the 4th quarter worth approximately $133,000. 73.38% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Stephen E. Wakefield sold 1,118 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $47.83, for a total transaction of $53,473.94. Following the completion of the transaction, the vice president now directly owns 6,878 shares in the company, valued at approximately $328,974.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Scott M. Asbjornson sold 3,824 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $48.83, for a total value of $186,725.92. Following the transaction, the chief financial officer now owns 856,247 shares of the company’s stock, valued at $41,810,541.01. The disclosure for this sale can be found here. Insiders sold a total of 6,042 shares of company stock valued at $292,967 over the last ninety days. Corporate insiders own 22.24% of the company’s stock.
NASDAQ AAON traded up $0.61 during mid-day trading on Thursday, hitting $50.63. The stock had a trading volume of 72,917 shares, compared to its average volume of 130,459. The stock’s 50 day moving average is $48.88. AAON, Inc. has a twelve month low of $31.55 and a twelve month high of $52.50. The company has a market capitalization of $2.64 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 2.64 and a beta of 0.99.
AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). AAON had a return on equity of 19.79% and a net margin of 10.97%. The company had revenue of $113.82 million during the quarter, compared to analyst estimates of $109.92 million. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. Equities analysts anticipate that AAON, Inc. will post 1.28 EPS for the current year.
The business also recently announced a semiannual dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, May 31st. AAON’s dividend payout ratio (DPR) is presently 39.51%.
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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