MFG Wealth Management Inc. Invests $1.85 Million in AAON, Inc. (NASDAQ:AAON)

MFG Wealth Management Inc. acquired a new stake in AAON, Inc. (NASDAQ:AAON) in the 4th quarter, Holdings Channel reports. The firm acquired 15,723 shares of the construction company’s stock, valued at approximately $1,850,000.

Several other hedge funds and other institutional investors have also modified their holdings of AAON. Mather Group LLC. boosted its holdings in AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after purchasing an additional 193 shares during the period. Blue Trust Inc. lifted its position in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the period. Westside Investment Management Inc. bought a new position in shares of AAON during the 3rd quarter worth about $36,000. ORG Wealth Partners LLC bought a new position in AAON during the third quarter worth about $37,000. Finally, UMB Bank n.a. boosted its stake in AAON by 67.5% in the 4th 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. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In other AAON news, VP Casey Kidwell sold 1,421 shares of the firm’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 transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the sale, the vice president now directly owns 9,920 shares of the company’s stock, valued at $1,387,411.20. This represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,533 shares of company stock worth $7,009,647 over the last three months. 18.55% of the stock is currently owned by company insiders.

AAON Trading Down 2.8 %

AAON stock opened at $109.59 on Thursday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07. The company has a market cap of $8.91 billion, a P/E ratio of 48.28 and a beta of 0.87. The business has a fifty day moving average of $123.07 and a 200-day moving average of $112.78.

Analysts Set New Price Targets

AAON has been the topic of a number of recent analyst reports. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and boosted their price target for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Robert W. Baird upped their price target on shares of 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 stock 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 research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

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.