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

Mutual of America Capital Management LLC grew its stake in shares of AAON, Inc. (NASDAQ:AAON) by 236.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,069 shares of the construction company’s stock after purchasing an additional 27,452 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AAON were worth $3,408,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its stake in AAON by 121.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,645 shares of the construction company’s stock worth $639,000 after purchasing an additional 4,743 shares in the last quarter. Norges Bank purchased a new position in shares of AAON during the fourth quarter valued at $43,832,000. Advisory Services Network LLC bought a new stake in shares of AAON in the fourth quarter valued at about $234,000. TD Asset Management Inc purchased a new stake in AAON in the fourth quarter worth about $1,748,000. Finally, TFO Wealth Partners LLC bought a new position in AAON during the 4th quarter worth about $27,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AAON shares. DA Davidson restated a “buy” rating and issued a $102.00 price target on shares of AAON in a report on Wednesday, June 26th. Baird R W raised AAON to a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird boosted their price target on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $102.00.

AAON Stock Performance

Shares of AAON stock opened at $107.82 on Tuesday. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $108.02. The business’s fifty day simple moving average is $90.76 and its 200-day simple moving average is $85.46. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The company has a market cap of $8.86 billion, a PE ratio of 50.15 and a beta of 0.80.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. AAON had a return on equity of 26.02% and a net margin of 15.60%. The company had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Analysts expect that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. AAON’s payout ratio is 14.88%.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 20,641 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,609 shares of company stock valued at $5,441,927. Insiders own 18.55% of the company’s 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.