Mutual of America Capital Management LLC Sells 915 Shares of AAON, Inc. (NASDAQ:AAON)

Mutual of America Capital Management LLC cut its stake in AAON, Inc. (NASDAQ:AAON) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,721 shares of the construction company’s stock after selling 915 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AAON were worth $2,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. HUB Investment Partners LLC increased its holdings in AAON by 5.2% during the fourth quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company’s stock valued at $237,000 after buying an additional 100 shares during the last quarter. Smith Moore & CO. increased its holdings in AAON by 3.1% during the fourth quarter. Smith Moore & CO. now owns 3,300 shares of the construction company’s stock valued at $388,000 after buying an additional 100 shares during the last quarter. Curi RMB Capital LLC increased its holdings in AAON by 0.5% during the fourth quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company’s stock valued at $2,177,000 after buying an additional 100 shares during the last quarter. Quarry LP increased its holdings in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after buying an additional 103 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in AAON by 26.3% during the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock valued at $56,000 after buying an additional 149 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Performance

AAON opened at $78.69 on Friday. The firm has a market cap of $6.40 billion, a P/E ratio of 41.42 and a beta of 0.95. AAON, Inc. has a 1-year low of $68.98 and a 1-year high of $144.07. The company has a 50 day simple moving average of $85.25 and a two-hundred day simple moving average of $93.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. The business had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. AAON had a net margin of 12.60% and a return on equity of 20.23%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. Equities analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were given a $0.10 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. AAON’s payout ratio is currently 21.05%.

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 37,189 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total value of $3,651,959.80. Following the completion of the transaction, the chief executive officer directly owned 63,714 shares in the company, valued at $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the completion of the transaction, the director owned 8,754 shares of the company’s stock, valued at approximately $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,823 shares of company stock valued at $7,122,451. Company insiders own 18.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AAON. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a report on Monday, June 16th. Wall Street Zen cut shares of AAON from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.50.

About AAON

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.