Cowa LLC Buys Shares of 1,769 AAON, Inc. (NASDAQ:AAON)

Cowa LLC bought a new stake in AAON, Inc. (NASDAQ:AAON) in the 4th quarter, HoldingsChannel reports. The fund bought 1,769 shares of the construction company’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI lifted its stake in shares of AAON by 5.9% during the fourth quarter. Arcadia Investment Management Corp MI now owns 14,323 shares of the construction company’s stock worth $1,686,000 after buying an additional 792 shares during the period. Pembroke Management LTD lifted its stake in shares of AAON by 37.3% during the fourth quarter. Pembroke Management LTD now owns 228,398 shares of the construction company’s stock worth $26,878,000 after buying an additional 62,037 shares during the period. Peregrine Capital Management LLC acquired a new stake in shares of AAON during the fourth quarter worth $8,524,000. CIBC Asset Management Inc lifted its stake 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 buying an additional 118 shares during the period. Finally, Congress Asset Management Co. acquired a new stake in shares of AAON during the fourth quarter worth $289,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Trading Down 6.3 %

Shares of AAON stock opened at $103.63 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm has a fifty day moving average price of $120.19 and a 200 day moving average price of $113.82. AAON, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07. The stock has a market cap of $8.42 billion, a PE ratio of 45.65 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Robert W. Baird raised 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. Finally, DA Davidson raised their target price on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Buying and Selling

In other news, VP Stephen E. Wakefield sold 5,362 shares of AAON 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 sale, the vice president now owns 4,558 shares in the company, valued at $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The sale 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 AAON stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares in the company, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,112 shares of company stock valued at $2,196,563 over the last 90 days. Insiders own 18.55% of the company’s stock.

About AAON

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.