Principal Financial Group Inc. Sells 7,173 Shares of AAON, Inc. (NASDAQ:AAON)

Principal Financial Group Inc. trimmed its holdings in AAON, Inc. (NASDAQ:AAONFree Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,006 shares of the construction company’s stock after selling 7,173 shares during the quarter. Principal Financial Group Inc. owned about 0.45% of AAON worth $27,111,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock valued at $425,936,000 after buying an additional 2,725,779 shares during the last quarter. Jump Financial LLC raised its holdings in shares of AAON by 200.0% in the fourth quarter. Jump Financial LLC now owns 51,000 shares of the construction company’s stock valued at $3,767,000 after buying an additional 34,000 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of AAON in the fourth quarter valued at about $22,784,000. Conestoga Capital Advisors LLC raised its holdings in shares of AAON by 0.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock valued at $247,778,000 after buying an additional 25,178 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in AAON by 75.7% during the 3rd quarter. Lazard Asset Management LLC now owns 33,189 shares of the construction company’s stock worth $1,887,000 after purchasing an additional 14,303 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Rebecca Thompson sold 13,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares of the company’s stock, valued at approximately $1,331,869. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Rebecca Thompson sold 13,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total value of $1,039,500.00. Following the sale, the chief financial officer now owns 17,297 shares in the company, valued at approximately $1,331,869. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 24,655 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total value of $1,993,603.30. Following the completion of the sale, the vice president now owns 15,992 shares in the company, valued at approximately $1,293,113.12. The disclosure for this sale can be found here. Insiders sold a total of 58,096 shares of company stock valued at $4,653,268 in the last quarter. 18.55% of the stock is currently owned by insiders.

AAON Price Performance

Shares of AAON stock opened at $74.88 on Friday. The stock has a market cap of $6.16 billion, a PE ratio of 34.88 and a beta of 0.88. The stock has a 50-day moving average of $84.83 and a 200-day moving average of $76.04. AAON, Inc. has a one year low of $52.24 and a one year high of $96.34.

AAON (NASDAQ:AAONGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $284.76 million. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that AAON, Inc. will post 2.22 earnings per share for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s dividend payout ratio (DPR) is currently 14.91%.

Wall Street Analyst Weigh In

Separately, William Blair started coverage on AAON in a report on Monday, April 29th. They set an “outperform” rating for the company.

Read Our Latest Report on AAON

AAON Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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