Curi RMB Capital LLC Has $7.27 Million Stake in AAON, Inc. $AAON

Key Points

• Curi RMB Capital LLC increased its stake in AAON, Inc. by 402.5% during the first quarter, owning approximately $7.27 million worth after purchasing additional shares.
• AAON declared a quarterly dividend of $0.10 per share, with an annualized yield of 0.5%, scheduled to be paid on September 26th.
• AAON missed earnings estimates for the last quarter, reporting $0.22 EPS compared to the expected $0.31 EPS, with a revenue of $311.57 million.

Curi RMB Capital LLC grew its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 402.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,981 shares of the construction company's stock after purchasing an additional 74,478 shares during the quarter. Curi RMB Capital LLC owned approximately 0.11% of AAON worth $7,265,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of AAON by 4.4% during the first quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock valued at $509,111,000 after purchasing an additional 276,722 shares in the last quarter. Blair William & Co. IL increased its position in AAON by 86.2% in the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company's stock valued at $170,143,000 after acquiring an additional 1,007,906 shares during the period. Geneva Capital Management LLC increased its position in AAON by 13.1% in the 1st quarter. Geneva Capital Management LLC now owns 1,897,728 shares of the construction company's stock valued at $148,269,000 after acquiring an additional 219,814 shares during the period. Dimensional Fund Advisors LP increased its position in AAON by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company's stock valued at $109,598,000 after acquiring an additional 66,536 shares during the period. Finally, Bank of New York Mellon Corp increased its position in AAON by 39.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,101,692 shares of the construction company's stock valued at $86,075,000 after acquiring an additional 312,855 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Trading Up 1.4%

NASDAQ:AAON opened at $81.41 on Friday. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 55.38 and a beta of 1.00. The firm has a fifty day simple moving average of $79.75 and a two-hundred day simple moving average of $84.64. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.09). The company had revenue of $311.57 million during the quarter, compared to analyst estimates of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%.The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. Analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, September 5th. AAON's dividend payout ratio (DPR) is presently 27.21%.

Insider Buying and Selling

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 18.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AAON. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target for the company in a research report on Monday, June 16th. Wall Street Zen cut shares of AAON from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. DA Davidson decreased their price target on shares of AAON from $125.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Finally, Robert W. Baird decreased their price target on shares of AAON from $102.00 to $98.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $102.00.

AAON 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.