MFG Wealth Management Inc. bought a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,723 shares of the construction company's stock, valued at approximately $1,850,000.
A number of other institutional investors have also modified their holdings of the stock. Mather Group LLC. boosted its stake in AAON by 521.6% in the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company's stock valued at $27,000 after acquiring an additional 193 shares in the last quarter. Blue Trust Inc. increased its holdings in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after buying an additional 198 shares in the last quarter. UMB Bank n.a. increased its holdings in AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock valued at $38,000 after buying an additional 131 shares in the last quarter. Westside Investment Management Inc. purchased a new position in AAON in the third quarter valued at $36,000. Finally, ORG Wealth Partners LLC purchased a new position in AAON in the third quarter valued at $37,000. 70.81% of the stock is owned by hedge funds and other institutional investors.
AAON Trading Up 0.3 %
Shares of AAON stock traded up $0.30 during trading hours on Friday, hitting $113.16. The company had a trading volume of 269,142 shares, compared to its average volume of 771,761. The company's fifty day moving average is $122.13 and its 200 day moving average is $113.15. 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 fifty-two week low of $70.28 and a fifty-two week high of $144.07. The stock has a market capitalization of $9.20 billion, a PE ratio of 49.85 and a beta of 0.87.
Insider Transactions at AAON
In other AAON news, CFO Rebecca Thompson sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the sale, the chief financial officer now directly owns 17,297 shares in the company, valued at $2,386,986. This represents a 22.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Casey Kidwell sold 1,421 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction 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 trade represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,533 shares of company stock worth $2,388,597. 18.55% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, November 8th. DA Davidson lifted 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. Sidoti lowered shares of AAON from a "buy" rating to a "neutral" rating and lifted their target price for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. 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 investment 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $133.00.
Check Out Our Latest Analysis on AAON
About AAON
(
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.
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