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

Cowa LLC bought a new stake in AAON, Inc. (NASDAQ:AAON) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,769 shares of the construction company’s stock, valued at approximately $208,000.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of AAON by 28.4% in the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after purchasing an additional 84 shares during the period. Captrust Financial Advisors grew its stake in shares of AAON by 1.0% during the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock valued at $949,000 after buying an additional 89 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of AAON by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock valued at $2,201,000 after buying an additional 100 shares during the last quarter. Conway Capital Management Inc. grew its stake in shares of AAON by 4.0% during the fourth quarter. Conway Capital Management Inc. now owns 2,602 shares of the construction company’s stock valued at $306,000 after buying an additional 101 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of AAON by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,454 shares of the construction company’s stock worth $289,000 after purchasing an additional 118 shares during the period. 70.81% of the stock is owned by institutional investors.

AAON Stock Down 6.3 %

AAON opened at $103.63 on Friday. The firm has a 50-day simple moving average of $120.19 and a two-hundred day simple moving average of $113.82. AAON, Inc. has a 52 week low of $70.28 and a 52 week high of $144.07. The company has a market capitalization of $8.42 billion, a PE ratio of 45.65 and a beta of 0.87. 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 Buying and Selling at AAON

In other news, 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 transaction of $690,000.00. Following the transaction, the chief financial officer now directly owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephen E. Wakefield sold 5,750 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 9,920 shares in the company, valued at approximately $1,387,411.20. This trade represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,112 shares of company stock valued at $2,196,563 in the last 90 days. Insiders own 18.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson boosted 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 upgraded 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.