Integrated Wealth Concepts LLC Has $1.24 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

Integrated Wealth Concepts LLC lowered its position in shares of AAON, Inc. (NASDAQ:AAON) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,477 shares of the construction company’s stock after selling 221 shares during the period. Integrated Wealth Concepts LLC’s holdings in AAON were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares in the last quarter. ORG Partners LLC acquired a new stake in AAON during the second quarter worth approximately $29,000. ORG Wealth Partners LLC bought a new position in AAON during the 3rd quarter worth $37,000. Crewe Advisors LLC acquired a new position in AAON in the 2nd quarter valued at $35,000. Finally, Signaturefd LLC lifted its position in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after acquiring an additional 238 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AAON news, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were 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 of the company’s stock, valued at approximately $2,386,986. This represents a 22.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,967 shares of company stock worth $6,961,357 in the last quarter. Insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AAON shares. Robert W. Baird raised their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. DA Davidson lifted 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. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and lifted their price target for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and an average target price of $133.00.

AAON Price Performance

AAON stock opened at $137.25 on Monday. The company has a market capitalization of $11.16 billion, a PE ratio of 60.46 and a beta of 0.83. 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 stock has a 50-day moving average price of $121.49 and a two-hundred day moving average price of $99.21. AAON, Inc. has a 12 month low of $62.88 and a 12 month high of $144.07.

AAON (NASDAQ:AAON) last posted its quarterly earnings data 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 company had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. Analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, November 29th. AAON’s payout ratio is presently 14.10%.

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.