Mason Street Advisors LLC Acquires 232 Shares of AAON, Inc. (NASDAQ:AAON)

Mason Street Advisors LLC grew its holdings in AAON, Inc. (NASDAQ:AAON) by 1.7% in the 3rd quarter, Holdings Channel reports. The fund owned 13,801 shares of the construction company’s stock after purchasing an additional 232 shares during the quarter. Mason Street Advisors LLC’s holdings in AAON were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Asset Management Co. MA boosted its position in shares of AAON by 0.6% in the second quarter. Congress Asset Management Co. MA now owns 82,984 shares of the construction company’s stock valued at $4,164,000 after acquiring an additional 530 shares during the period. HBK Sorce Advisory LLC bought a new stake in shares of AAON in the second quarter valued at approximately $201,000. HighTower Advisors LLC bought a new stake in shares of AAON in the second quarter valued at approximately $286,000. Invesco Ltd. boosted its position in shares of AAON by 31.4% in the second quarter. Invesco Ltd. now owns 101,676 shares of the construction company’s stock valued at $5,102,000 after acquiring an additional 24,315 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of AAON by 17.9% in the second quarter. Royal Bank of Canada now owns 43,821 shares of the construction company’s stock valued at $2,199,000 after acquiring an additional 6,665 shares during the period. 74.34% of the stock is owned by institutional investors.

Shares of NASDAQ AAON opened at $49.54 on Thursday. The business has a fifty day simple moving average of $48.01 and a 200 day simple moving average of $48.12. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 61.16 and a beta of 0.95. AAON, Inc. has a one year low of $32.33 and a one year high of $53.27.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, October 31st. The construction company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The firm had revenue of $113.50 million during the quarter, compared to analyst estimates of $126.84 million. AAON had a net margin of 10.94% and a return on equity of 19.11%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities analysts anticipate that AAON, Inc. will post 0.99 EPS for the current year.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. AAON’s payout ratio is 39.51%.

In related news, 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 value of $1,047,900.00. Following the completion of the transaction, the chief financial officer now directly owns 869,267 shares in the company, valued at $43,376,423.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $201,520.00. Following the completion of the transaction, the vice president now owns 31,934 shares of the company’s stock, valued at $1,608,834.92. The disclosure for this sale can be found here. Corporate insiders own 22.24% of the company’s stock.

AAON has been the subject of several research reports. Zacks Investment Research cut AAON from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. BidaskClub upgraded AAON from a “hold” rating to a “buy” rating in a research note on Saturday, October 19th. Finally, ValuEngine upgraded AAON from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.50.

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.

Read More: How to Invest in the Dividend Aristocrat Index

Want to see what other hedge funds are holding AAON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AAON, Inc. (NASDAQ:AAON).

Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

Receive News & Ratings for AAON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAON and related companies with MarketBeat.com's FREE daily email newsletter.