Stephens Investment Management Group LLC Buys 38,949 Shares of AAON, Inc. (NASDAQ:AAON)

Stephens Investment Management Group LLC boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 606,944 shares of the construction company's stock after purchasing an additional 38,949 shares during the quarter. Stephens Investment Management Group LLC owned about 0.75% of AAON worth $71,425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. increased its stake in AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after acquiring an additional 193 shares during the last quarter. Blue Trust Inc. increased its stake in AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock worth $32,000 after acquiring an additional 198 shares during the last quarter. UMB Bank n.a. increased its stake in AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock worth $38,000 after acquiring an additional 131 shares during the last quarter. Westside Investment Management Inc. bought a new stake in AAON in the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC bought a new stake in AAON in the 3rd quarter worth approximately $37,000. Institutional investors own 70.81% of the company's stock.

AAON Trading Down 2.8 %

AAON traded down $3.17 during trading hours on Wednesday, reaching $109.59. 470,622 shares of the company's stock traded hands, compared to its average volume of 721,179. The firm has a 50-day moving average price of $123.07 and a 200 day moving average price of $112.78. AAON, Inc. has a 52-week low of $70.28 and a 52-week high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $8.91 billion, a PE ratio of 48.28 and a beta of 0.87.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AAON shares. Sidoti cut AAON from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Robert W. Baird lifted their target price on AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AAON presently has a consensus rating of "Moderate Buy" and an average price target of $133.00.

Insider Activity at AAON

In other AAON news, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction on Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company's stock, valued at $669,348.42. The trade was a 22.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of AAON stock in a transaction on Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the sale, the vice president now directly owns 4,558 shares of the company's stock, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,533 shares of company stock worth $7,009,647 in the last quarter. 18.55% of the stock is owned by company insiders.

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.