AAON, Inc. (NASDAQ:AAON) Shares Sold by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC lessened its stake in shares of AAON, Inc. (NASDAQ:AAON) by 22.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,128 shares of the construction company’s stock after selling 605 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in AAON were worth $250,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. grew its stake in shares of AAON by 521.6% in the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after acquiring an additional 193 shares in the last quarter. UMB Bank n.a. raised its position in AAON by 67.5% in the 4th 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. Westside Investment Management Inc. purchased a new position in shares of AAON in the 3rd quarter valued at about $36,000. Empowered Funds LLC purchased a new position in shares of AAON in the 4th quarter valued at about $42,000. Finally, Blue Trust Inc. grew its position in shares of AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. DA Davidson reduced their target price on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 28th. StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Robert W. Baird lowered their target price on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Finally, CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AAON currently has an average rating of “Moderate Buy” and a consensus price target of $115.50.

Insider Buying and Selling at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of AAON stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the transaction, the vice president now owns 4,558 shares of the company’s stock, valued at $597,052.42. The trade was a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 18.55% of the stock is currently owned by insiders.

AAON Stock Down 2.8 %

Shares of NASDAQ:AAON opened at $79.79 on Tuesday. The firm has a 50 day simple moving average of $112.28 and a 200-day simple moving average of $113.97. AAON, Inc. has a twelve month low of $69.52 and a twelve month high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $6.51 billion, a PE ratio of 35.15 and a beta of 1.00.

AAON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be given a $0.10 dividend. The ex-dividend date is Tuesday, March 18th. This is a boost from AAON’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. AAON’s payout ratio is 15.92%.

AAON declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

AAON Company 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.