AAON, Inc. $AAON Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp raised its stake in shares of AAON, Inc. (NASDAQ:AAON) by 102.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 108,409 shares of the construction company’s stock after acquiring an additional 54,907 shares during the period. King Luther Capital Management Corp’s holdings in AAON were worth $10,130,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its holdings in AAON by 3.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after acquiring an additional 115 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after buying an additional 164 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in AAON by 14.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock worth $121,000 after buying an additional 211 shares in the last quarter. Finally, Cim LLC grew its position in AAON by 4.2% during the second quarter. Cim LLC now owns 5,674 shares of the construction company’s stock valued at $418,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Transactions at AAON

In other AAON news, EVP Stephen E. Wakefield acquired 4,141 shares of the business’s stock in a transaction on Friday, December 12th. The stock was bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the acquisition, the executive vice president owned 15,212 shares in the company, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 18.70% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of analyst reports. DA Davidson restated a “buy” rating and set a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Oppenheimer reaffirmed an “outperform” rating and set a $115.00 target price on shares of AAON in a research note on Friday, November 7th. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, William Blair restated an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and an average target price of $107.60.

AAON Trading Down 1.2%

Shares of AAON opened at $101.02 on Friday. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $116.04. The stock has a market cap of $8.25 billion, a PE ratio of 83.49 and a beta of 1.11. The firm’s fifty day moving average is $87.54 and its two-hundred day moving average is $89.77. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.