AAON, Inc. (NASDAQ:AAON) Shares Sold by Allied Investment Advisors LLC

Allied Investment Advisors LLC cut its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,983 shares of the construction company's stock after selling 24,215 shares during the quarter. AAON makes up 2.9% of Allied Investment Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Allied Investment Advisors LLC owned about 0.15% of AAON worth $14,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AAON. JPMorgan Chase & Co. increased its stake in AAON by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after purchasing an additional 150,207 shares during the period. Conestoga Capital Advisors LLC grew its holdings in shares of AAON by 1.9% during the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company's stock worth $229,180,000 after buying an additional 39,059 shares during the last quarter. State Street Corp increased its position in AAON by 0.6% in the 3rd quarter. State Street Corp now owns 1,977,531 shares of the construction company's stock valued at $213,257,000 after acquiring an additional 12,502 shares during the period. Wasatch Advisors LP raised its stake in AAON by 39.1% during the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company's stock valued at $201,310,000 after acquiring an additional 525,132 shares during the last quarter. Finally, FMR LLC lifted its position in AAON by 9.6% during the 3rd quarter. FMR LLC now owns 1,729,498 shares of the construction company's stock worth $186,509,000 after acquiring an additional 151,540 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Price Performance

AAON stock traded down $6.96 on Friday, reaching $103.63. 930,549 shares of the company's stock were exchanged, compared to its average volume of 694,607. The stock has a fifty day moving average of $120.75 and a 200-day moving average of $113.69. The firm has a market cap of $8.42 billion, a PE ratio of 45.65 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07.

Insider Buying and Selling at AAON

In other AAON news, CFO Rebecca Thompson sold 5,000 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephen E. Wakefield sold 5,362 shares of AAON stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the transaction, the vice president now owns 4,558 shares of the company's stock, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,112 shares of company stock valued at $2,196,563. Corporate insiders own 18.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAON. Baird R W raised AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Robert W. Baird raised their target price on shares of AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $133.00.

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. 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.