Empowered Funds LLC Takes Position in AAON, Inc. (NASDAQ:AAON)

Empowered Funds LLC purchased a new stake in shares of AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 360 shares of the construction company’s stock, valued at approximately $42,000.

Several other large investors have also recently bought and sold shares of AAON. Mather Group LLC. grew its stake in AAON by 521.6% during the 4th 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. lifted its position 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 in the last quarter. Westside Investment Management Inc. acquired a new stake in shares of AAON during the 3rd quarter valued at $36,000. UMB Bank n.a. grew its holdings in shares of AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after acquiring an additional 131 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of AAON in the third quarter worth $43,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Robert W. Baird raised 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. Finally, DA Davidson boosted their target price on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.00.

AAON Stock Down 6.3 %

AAON opened at $103.63 on Friday. AAON, Inc. has a twelve month low of $70.28 and a twelve 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 business has a 50 day moving average price of $120.19 and a 200 day moving average price of $114.01. The firm has a market cap of $8.42 billion, a P/E ratio of 45.65 and a beta of 0.87.

Insider Transactions at AAON

In related news, VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the completion of the sale, the chief financial officer now directly owns 17,297 shares in the company, valued at $2,386,986. This trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,112 shares of company stock worth $2,196,563. 18.55% of the stock is owned by insiders.

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.