AAON, Inc. (NASDAQ:AAON) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 5,040.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,416 shares of the construction company's stock after buying an additional 2,369 shares during the quarter. Avior Wealth Management LLC's holdings in AAON were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in AAON by 202.0% in the third 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. Westside Investment Management Inc. purchased a new stake in shares of AAON during the 3rd quarter worth $36,000. ORG Wealth Partners LLC acquired a new position in shares of AAON during the third quarter worth $37,000. UMB Bank n.a. increased its holdings in AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock valued at $38,000 after buying an additional 131 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in AAON in the third quarter valued at $43,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of recent analyst reports. Sidoti downgraded AAON from a "buy" rating to a "neutral" rating and increased their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. Robert W. Baird upped their target price on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, AAON has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

AAON Stock Performance

Shares of AAON stock traded down $0.22 during trading hours on Friday, hitting $116.38. The stock had a trading volume of 913,188 shares, compared to its average volume of 724,770. The stock's 50 day moving average is $127.18 and its 200 day moving average is $111.06. The firm has a market capitalization of $9.46 billion, a PE ratio of 51.27 and a beta of 0.87. AAON, Inc. has a twelve month low of $70.14 and a twelve month high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million during the quarter, compared to analysts' expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, November 29th. AAON's payout ratio is currently 14.10%.

Insider Buying and Selling

In other news, CFO Rebecca Thompson sold 5,000 shares of AAON stock in a transaction that occurred on 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 sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now directly owns 4,953 shares of the company's stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,329 shares of company stock valued at $7,663,726 over the last three months. 18.55% of the stock is currently owned by company insiders.

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.