AAON, Inc. (NASDAQ:AAON) Shares Sold by Covestor Ltd

11 Apr 2025, 07:18 by Doug Wharley · The Cerbat Gem

Covestor Ltd decreased its position in AAON, Inc. (NASDAQ:AAON – Free Report) by 17.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,851 shares of the construction company’s stock after selling 383 shares during the period. Covestor Ltd’s holdings in AAON were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mather Group LLC. increased its stake in shares of AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after acquiring an additional 193 shares during the period. Twin Tree Management LP bought a new stake in shares of AAON during the 4th quarter worth $33,000. Westside Investment Management Inc. acquired a new stake in shares of AAON during the third quarter worth $36,000. UMB Bank n.a. lifted its holdings in shares of 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 during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of AAON by 28.4% in the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock valued at $41,000 after purchasing an additional 84 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Transactions at AAON

In other news, Director David Raymond Stewart bought 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the purchase, the director now owns 3,000 shares of the company’s stock, valued at approximately $242,580. The trade was a 50.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.55% of the stock is currently owned by insiders.

AAON Stock Down 2.2 %

Shares of AAON stock opened at $80.42 on Friday. The business has a fifty day simple moving average of $89.90 and a 200 day simple moving average of $110.99. AAON, Inc. has a 12 month low of $68.98 and a 12 month high of $144.07. The stock has a market cap of $6.56 billion, a PE ratio of 35.43 and a beta of 0.96. 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 announced that its board has authorized a share buyback program on Tuesday, March 4th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

AAON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from AAON’s previous quarterly dividend of $0.08. AAON’s dividend payout ratio (DPR) is presently 19.90%.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on AAON

About AAON

(Free Report)

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.