Congress Asset Management Co. Takes $289,000 Position in AAON, Inc. (NASDAQ:AAON)

Congress Asset Management Co. acquired a new position in AAON, Inc. (NASDAQ:AAON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,453 shares of the construction company's stock, valued at approximately $289,000.

Other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC lifted its holdings in AAON by 5,040.4% in the fourth 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 period. SG Americas Securities LLC lifted its holdings in AAON by 691.1% in the fourth 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 period. Lord Abbett & CO. LLC lifted its holdings in AAON by 39.1% in the third 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 period. Wolverine Trading LLC acquired a new stake in AAON in the third quarter worth about $471,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in AAON in the fourth quarter worth about $1,099,000. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Price Performance

NASDAQ AAON traded down $6.96 on Friday, reaching $103.63. The company's stock had a trading volume of 930,549 shares, compared to its average volume of 694,607. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The stock has a market cap of $8.42 billion, a PE ratio of 45.65 and a beta of 0.87. The firm's 50 day moving average is $120.75 and its two-hundred day moving average is $113.69.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, Robert W. Baird upped 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. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.00.

Insider Buying and Selling at AAON

In other AAON news, CFO Rebecca Thompson sold 5,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the sale, the chief financial officer now owns 17,297 shares in the company, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the sale, the vice president now owns 4,558 shares in the company, 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. In the last three months, insiders sold 16,112 shares of company stock valued at $2,196,563. 18.55% of the stock is owned by 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.