Ferguson Wellman Capital Management Inc. boosted its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 141.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,760 shares of the construction company's stock after purchasing an additional 67,780 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.14% of AAON worth $13,623,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Savant Capital LLC bought a new stake in AAON in the fourth quarter worth $884,000. Stephens Investment Management Group LLC increased its position in shares of AAON by 6.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 606,944 shares of the construction company's stock valued at $71,425,000 after acquiring an additional 38,949 shares during the period. Entropy Technologies LP purchased a new position in shares of AAON in the fourth quarter valued at about $327,000. Empowered Funds LLC purchased a new position in shares of AAON in the fourth quarter valued at about $42,000. Finally, Wilmington Savings Fund Society FSB increased its position in shares of AAON by 350.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,800 shares of the construction company's stock valued at $212,000 after acquiring an additional 1,400 shares during the period. 70.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on AAON. Robert W. Baird boosted their price objective on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Sidoti cut shares of AAON from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. 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 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 report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AAON currently has an average rating of "Moderate Buy" and a consensus target price of $133.00.
Check Out Our Latest Research Report on AAON
Insider Activity at AAON
In other AAON news, VP Casey Kidwell sold 1,421 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now owns 4,953 shares in the company, valued at approximately $669,348.42. This represents a 22.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Fields sold 35,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,533 shares of company stock worth $7,009,647 over the last 90 days. 18.55% of the stock is owned by company insiders.
AAON Trading Up 3.0 %
Shares of NASDAQ AAON traded up $3.27 during midday trading on Thursday, hitting $112.86. 587,698 shares of the company traded hands, compared to its average volume of 716,576. AAON, Inc. has a 12-month low of $70.28 and a 12-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 50-day moving average price of $123.07 and a 200 day moving average price of $112.78. The firm has a market cap of $9.17 billion, a P/E ratio of 49.72 and a beta of 0.87.
AAON Company Profile
(
Free Report)
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.
See Also
Before you consider AAON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AAON wasn't on the list.
While AAON currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
