MFG Wealth Management Inc. Invests $1.85 Million in AAON, Inc. (NASDAQ:AAON)

MFG Wealth Management Inc. purchased a new position in AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,723 shares of the construction company’s stock, valued at approximately $1,850,000.

A number of other large investors have also made changes to their positions in AAON. Avior Wealth Management LLC lifted its stake in AAON by 5,040.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company’s stock worth $284,000 after acquiring an additional 2,369 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of AAON by 691.1% in the 4th quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company’s stock valued at $2,903,000 after purchasing an additional 21,548 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of AAON by 39.1% in the third quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock worth $31,121,000 after purchasing an additional 81,111 shares in the last quarter. Wolverine Trading LLC acquired a new stake in shares of AAON during the third quarter worth approximately $471,000. Finally, Caldwell Investment Management Ltd. purchased a new position in AAON during the fourth quarter valued at approximately $1,099,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 2.8 %

AAON stock opened at $109.59 on Thursday. The firm has a market cap of $8.91 billion, a PE ratio of 48.28 and a beta of 0.87. AAON, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07. The company has a fifty day simple moving average of $123.07 and a 200 day simple moving average of $112.78. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In other AAON news, VP Casey Kidwell sold 1,421 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the transaction, the vice president now owns 4,953 shares in the company, valued at $669,348.42. This trade represents a 22.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold 52,533 shares of company stock valued at $7,009,647 over the last quarter. Insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DA Davidson increased their target price on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, 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 note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

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.