SG Capital Management LLC Invests $8.42 Million in AAON, Inc. $AAON

SG Capital Management LLC bought a new position in shares of AAON, Inc. (NASDAQ:AAON) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 90,113 shares of the construction company’s stock, valued at approximately $8,420,000. SG Capital Management LLC owned approximately 0.11% of AAON as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Maridea Wealth Management LLC bought a new stake in AAON in the third quarter valued at about $1,646,000. Summitry LLC lifted its position in shares of AAON by 19.8% during the third quarter. Summitry LLC now owns 6,360 shares of the construction company’s stock worth $594,000 after purchasing an additional 1,051 shares in the last quarter. Fifth Third Bancorp boosted its position in AAON by 200.6% in the 3rd quarter. Fifth Third Bancorp now owns 4,587 shares of the construction company’s stock valued at $429,000 after buying an additional 3,061 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in AAON by 8.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 26,283 shares of the construction company’s stock valued at $2,456,000 after acquiring an additional 2,081 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of AAON during the 3rd quarter worth approximately $91,000. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

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

AAON Trading Down 0.5%

AAON stock opened at $102.28 on Thursday. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 84.53 and a beta of 1.11. The firm has a 50-day moving average of $87.20 and a 200-day moving average of $89.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. AAON, Inc. has a one year low of $62.00 and a one year high of $116.04.

Insider Buying and Selling

In other news, EVP Stephen E. Wakefield bought 4,141 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were purchased at an average cost of $77.59 per share, with a total value of $321,300.19. Following the acquisition, the executive vice president directly owned 15,212 shares in the company, valued at $1,180,299.08. This represents a 37.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.70% of the stock is currently owned by corporate insiders.

AAON Company Profile

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.