AAON, Inc. (NASDAQ:AAON) Stock Holdings Raised by Peterson Wealth Services

Peterson Wealth Services increased its holdings in AAON, Inc. (NASDAQ:AAON) by 3.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,109 shares of the construction company’s stock after buying an additional 377 shares during the period. Peterson Wealth Services’ holdings in AAON were worth $1,307,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of AAON by 141.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 115,760 shares of the construction company’s stock valued at $13,623,000 after buying an additional 67,780 shares during the period. Savant Capital LLC acquired a new position in shares of AAON in the 4th quarter valued at about $884,000. Stephens Investment Management Group LLC boosted its holdings in shares of AAON by 6.9% in the 4th quarter. Stephens Investment Management Group LLC now owns 606,944 shares of the construction company’s stock valued at $71,425,000 after buying an additional 38,949 shares during the period. Entropy Technologies LP acquired a new position in shares of AAON in the 4th quarter valued at about $327,000. Finally, Empowered Funds LLC acquired a new position in shares of AAON in the 4th quarter valued at about $42,000. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Trading Up 0.4 %

AAON stock opened at $113.27 on Tuesday. The firm has a 50-day moving average price of $124.01 and a two-hundred day moving average price of $112.63. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 49.90 and a beta of 0.87. AAON, Inc. has a 52-week low of $70.28 and a 52-week 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.

Insider Transactions at AAON

In related news, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction that occurred on 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 directly owns 4,953 shares in the company, valued at $669,348.42. The trade was a 22.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary D. Fields sold 35,000 shares of the business’s stock in a transaction that occurred on 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 $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,533 shares of company stock valued at $7,009,647. Company insiders own 18.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and boosted their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Robert W. Baird boosted their target price on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson boosted their target price on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.00.

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.