Norden Group LLC Sells 4,287 Shares of AAON, Inc. (NASDAQ:AAON)

Norden Group LLC trimmed its position in AAON, Inc. (NASDAQ:AAON) by 19.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,212 shares of the construction company’s stock after selling 4,287 shares during the period. Norden Group LLC’s holdings in AAON were worth $2,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AAON. Blue Trust Inc. increased its holdings in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares during the period. Private Advisor Group LLC acquired a new stake in AAON in the third quarter valued at $251,000. State of Alaska Department of Revenue increased its holdings in AAON by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,865 shares of the construction company’s stock valued at $848,000 after purchasing an additional 530 shares during the period. New York State Teachers Retirement System increased its holdings in AAON by 1.0% in the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock valued at $2,083,000 after purchasing an additional 200 shares during the period. Finally, Arcadia Investment Management Corp MI increased its holdings in AAON by 89.1% in the third quarter. Arcadia Investment Management Corp MI now owns 13,531 shares of the construction company’s stock valued at $1,459,000 after purchasing an additional 6,374 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Rebecca Thompson sold 5,000 shares of the firm’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 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the sale, the vice president now owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This represents a 54.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AAON has been the subject of a number of recent research reports. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a report on Friday. CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Friday. Robert W. Baird decreased their price target on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday. Finally, DA Davidson decreased their price target on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

AAON Stock Performance

Shares of AAON stock opened at $76.80 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $116.69 and a two-hundred day moving average price of $114.00. AAON, Inc. has a 1-year low of $70.28 and a 1-year high of $144.07. The company has a market cap of $6.24 billion, a P/E ratio of 33.83 and a beta of 0.87.

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.