Allied Investment Advisors LLC Has $14.59 Million Holdings in AAON, Inc. (NASDAQ:AAON)

Allied Investment Advisors LLC lowered its position in AAON, Inc. (NASDAQ:AAON) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,983 shares of the construction company’s stock after selling 24,215 shares during the period. AAON comprises about 2.9% of Allied Investment Advisors LLC’s portfolio, making the stock its 8th largest position. Allied Investment Advisors LLC owned about 0.15% of AAON worth $14,590,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. increased its position in shares of 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 purchasing an additional 193 shares during the last quarter. Blue Trust Inc. grew its position in AAON by 202.0% during 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 during the period. Westside Investment Management Inc. purchased a new stake in AAON during the third quarter worth about $36,000. UMB Bank n.a. raised its position in AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after acquiring an additional 131 shares during the period. Finally, Empowered Funds LLC bought a new stake in AAON in the fourth quarter worth about $42,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

AAON Trading Up 1.5 %

Shares of AAON stock opened at $114.86 on Wednesday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 50.60 and a beta of 0.87. The company’s fifty day simple moving average is $121.81 and its two-hundred day simple moving average is $113.50. AAON, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

Insider Activity at AAON

In other AAON news, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $138.00, for a total value of $690,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the sale, the vice president now owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. This trade represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,112 shares of company stock worth $2,196,563. 18.55% of the stock is owned by company insiders.

AAON Company 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.