Chatham Capital Group Inc. Has $7.09 Million Position in AAON, Inc. (NASDAQ:AAON)

Chatham Capital Group Inc. lessened its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,252 shares of the construction company's stock after selling 6,105 shares during the period. AAON makes up about 1.2% of Chatham Capital Group Inc.'s investment portfolio, making the stock its 22nd biggest holding. Chatham Capital Group Inc. owned about 0.07% of AAON worth $7,090,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AAON. Avior Wealth Management LLC lifted its holdings in shares of AAON by 5,040.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company's stock valued at $284,000 after purchasing an additional 2,369 shares in the last quarter. SG Americas Securities LLC lifted its stake in AAON by 691.1% in the fourth quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company's stock valued at $2,903,000 after buying an additional 21,548 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of AAON by 39.1% in the third quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company's stock valued at $31,121,000 after buying an additional 81,111 shares during the period. Wolverine Trading LLC bought a new stake in shares of AAON during the third quarter worth $471,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in shares of AAON during the fourth quarter worth $1,099,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AAON shares. StockNews.com lowered shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. DA Davidson reduced their price objective on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 28th. CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Friday, February 28th. Finally, Robert W. Baird cut their target price on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AAON currently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

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Insider Transactions at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the transaction, the vice president now directly owns 4,558 shares in the company, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 18.55% of the company's stock.

AAON Stock Up 3.3 %

Shares of NASDAQ:AAON traded up $2.60 during midday trading on Tuesday, reaching $82.39. The company had a trading volume of 1,824,368 shares, compared to its average volume of 655,275. The business's 50 day moving average price is $111.48 and its 200 day moving average price is $113.88. AAON, Inc. has a 1-year low of $69.52 and a 1-year 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 stock has a market cap of $6.72 billion, a PE ratio of 36.30 and a beta of 1.00.

AAON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. This is a boost from AAON's previous quarterly dividend of $0.08. AAON's dividend payout ratio is currently 19.90%.

AAON declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.