Principal Financial Group Inc. Lowers Stock Position in AAON, Inc. (NASDAQ:AAON)

Principal Financial Group Inc. trimmed its position in AAON, Inc. (NASDAQ:AAON) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,903 shares of the construction company’s stock after selling 369 shares during the quarter. Principal Financial Group Inc. owned about 0.19% of AAON worth $18,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of AAON by 17.7% in the third quarter. Creative Planning now owns 21,673 shares of the construction company’s stock worth $2,337,000 after purchasing an additional 3,252 shares in the last quarter. Blue Trust Inc. boosted its holdings in AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after buying an additional 198 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in AAON in the 3rd quarter worth $233,000. Private Advisor Group LLC bought a new stake in AAON during the third quarter valued at about $251,000. Finally, State of Alaska Department of Revenue lifted its position in shares of AAON by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,865 shares of the construction company’s stock valued at $848,000 after acquiring an additional 530 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity

In other news, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction dated 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 approximately $2,386,986. This represents a 22.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephen E. Wakefield sold 5,362 shares of AAON 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 completion of the transaction, the vice president now owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird increased their target price on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. DA Davidson increased 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. Finally, Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Price Performance

Shares of AAON stock opened at $100.07 on Tuesday. The firm has a market cap of $8.13 billion, a PE ratio of 44.08 and a beta of 0.87. The stock has a 50 day moving average of $119.50 and a 200 day moving average of $114.31. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12 month low of $70.28 and a 12 month high of $144.07.

About AAON

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.