Ferguson Wellman Capital Management Inc. Purchases 67,780 Shares of AAON, Inc. (NASDAQ:AAON)

Ferguson Wellman Capital Management Inc. lifted its position in AAON, Inc. (NASDAQ:AAON) by 141.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,760 shares of the construction company’s stock after acquiring an additional 67,780 shares during the period. Ferguson Wellman Capital Management Inc. owned 0.14% of AAON worth $13,623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. increased its stake in shares of AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after purchasing an additional 193 shares in the last quarter. Blue Trust Inc. grew its stake in shares of 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 last quarter. Westside Investment Management Inc. bought a new position in AAON during the 3rd quarter valued at approximately $36,000. ORG Wealth Partners LLC purchased a new position in AAON during the third quarter valued at $37,000. Finally, UMB Bank n.a. boosted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Rebecca Thompson sold 5,000 shares of the 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 transaction, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the sale, the vice president now owns 4,558 shares of the company’s stock, valued at $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,329 shares of company stock valued at $7,663,726. Company insiders own 18.55% of the company’s stock.

AAON Price Performance

Shares of NASDAQ:AAON opened at $112.77 on Monday. 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 firm has a market cap of $9.17 billion, a price-to-earnings ratio of 49.68 and a beta of 0.87. The business has a 50-day simple moving average of $124.39 and a two-hundred day simple moving average of $112.43. AAON, Inc. has a fifty-two week low of $70.28 and a fifty-two week high of $144.07.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. On average, analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and raised their price target for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson raised their price objective on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Robert W. Baird increased their price target on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.