Bleakley Financial Group LLC Makes New $771,000 Investment in AAON, Inc. (NASDAQ:AAON)

Bleakley Financial Group LLC acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,549 shares of the construction company's stock, valued at approximately $771,000.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC grew its stake in shares of AAON by 5,040.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company's stock worth $284,000 after purchasing an additional 2,369 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of AAON by 691.1% in the 4th quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company's stock worth $2,903,000 after purchasing an additional 21,548 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of AAON by 39.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company's stock worth $31,121,000 after purchasing an additional 81,111 shares during the last quarter. Wolverine Trading LLC acquired a new position in shares of AAON in the 3rd quarter worth approximately $471,000. Finally, Caldwell Investment Management Ltd. acquired a new position in shares of AAON in the 4th quarter worth approximately $1,099,000. 70.81% of the stock is currently owned by institutional investors.

AAON Trading Up 3.0 %

Shares of AAON stock traded up $3.27 during trading hours on Thursday, reaching $112.86. 587,698 shares of the stock traded hands, compared to its average volume of 716,576. AAON, Inc. has a 1-year low of $70.28 and a 1-year high of $144.07. The business has a fifty day moving average price of $123.07 and a 200 day moving average price of $112.78. 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 $9.17 billion, a PE ratio of 49.72 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. DA Davidson lifted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Robert W. Baird boosted their price target 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, Sidoti lowered shares of AAON from a "buy" rating to a "neutral" rating and boosted their price target for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AAON currently has a consensus rating of "Moderate Buy" and an average price target of $133.00.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 5,750 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the transaction, the vice president now directly owns 9,920 shares of the company's stock, valued at approximately $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,533 shares of company stock valued at $7,009,647. Corporate insiders own 18.55% of the company's stock.

About AAON

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.