Hardy Reed LLC Sells 190 Shares of AAON, Inc. (NASDAQ:AAON)

Hardy Reed LLC trimmed its holdings in AAON, Inc. (NASDAQ:AAON) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,067 shares of the construction company’s stock after selling 190 shares during the period. Hardy Reed LLC’s holdings in AAON were worth $243,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. grew its position in AAON by 521.6% in the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after acquiring an additional 193 shares in the last quarter. Blue Trust Inc. grew 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 acquiring an additional 198 shares in the last quarter. UMB Bank n.a. grew 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 in the last quarter. Westside Investment Management Inc. bought a new stake in AAON in the third quarter worth approximately $36,000. Finally, Empowered Funds LLC bought a new stake in AAON in the fourth quarter worth approximately $42,000. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on AAON. DA Davidson upped 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. Robert W. Baird upped their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” 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 report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the transaction, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. This represents a 36.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction 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 owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,112 shares of company stock worth $2,196,563 in the last ninety days. 18.55% of the stock is currently owned by insiders.

AAON Price Performance

NASDAQ AAON opened at $114.11 on Thursday. 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 company has a fifty day simple moving average of $121.16 and a 200 day simple moving average of $113.71. The company has a market cap of $9.27 billion, a P/E ratio of 50.27 and a beta of 0.87. AAON, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07.

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.