Alpha Cubed Investments LLC Sells 420 Shares of AAON, Inc. (NASDAQ:AAON)

Alpha Cubed Investments LLC lessened its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,600 shares of the construction company’s stock after selling 420 shares during the quarter. Alpha Cubed Investments LLC’s holdings in AAON were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AAON. Blue Trust Inc. grew its holdings in AAON by 202.0% during 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. Westside Investment Management Inc. purchased a new stake in AAON in the 3rd quarter worth approximately $36,000. ORG Wealth Partners LLC bought a new stake in AAON during the 3rd quarter worth approximately $37,000. UMB Bank n.a. lifted its holdings in AAON by 67.5% during the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after purchasing an additional 131 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of AAON in the third quarter worth approximately $43,000. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 35,000 shares of the business’s 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 sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the sale, the vice president now owns 4,953 shares in the company, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,329 shares of company stock worth $7,663,726. Insiders own 18.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AAON shares. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and raised their price objective for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. DA Davidson raised their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird upped their price objective on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. 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 stock. According to data from MarketBeat, AAON has an average rating of “Moderate Buy” and an average price target of $133.00.

AAON Stock Up 1.5 %

Shares of AAON stock opened at $132.15 on Wednesday. The stock has a market cap of $10.74 billion, a P/E ratio of 58.22 and a beta of 0.87. The company’s fifty day simple moving average is $128.81 and its two-hundred day simple moving average is $109.34. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 52 week low of $69.54 and a 52 week high of $144.07.

AAON (NASDAQ:AAON) last posted its 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 company had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm’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 earned $0.64 earnings per share. Analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, November 29th. AAON’s dividend payout ratio (DPR) is presently 14.10%.

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.