Greenwood Capital Associates LLC Decreases Holdings in AAON, Inc. (NASDAQ:AAON)

Greenwood Capital Associates LLC reduced its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 28.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,348 shares of the construction company's stock after selling 2,472 shares during the period. Greenwood Capital Associates LLC's holdings in AAON were worth $747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avior Wealth Management LLC raised its stake 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 valued at $284,000 after buying an additional 2,369 shares during the last quarter. SG Americas Securities LLC raised its position 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 valued at $2,903,000 after purchasing an additional 21,548 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in 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 in the last quarter. Wolverine Trading LLC purchased a new stake in AAON during the 3rd quarter worth approximately $471,000. Finally, Caldwell Investment Management Ltd. acquired a new position in AAON during the 4th quarter valued at approximately $1,099,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AAON shares. 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 report on Friday, November 8th. Robert W. Baird boosted their price target on AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Baird R W raised AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, Sidoti downgraded AAON from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AAON presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

Insider Activity

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the transaction, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Casey Kidwell sold 1,421 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the transaction, the vice president now owns 4,953 shares of the company's stock, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their position. 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 in the last three months. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Performance

NASDAQ:AAON traded down $1.28 during mid-day trading on Friday, hitting $112.77. The company's stock had a trading volume of 708,666 shares, compared to its average volume of 771,761. The business's fifty day moving average is $124.39 and its two-hundred day moving average is $112.08. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 49.68 and a beta of 0.87. 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, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same period last year, the company earned $0.64 earnings per share. AAON's revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. AAON's payout ratio is 14.10%.

AAON 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.