King Luther Capital Management Corp Raises Holdings in AAON, Inc. $AAON

King Luther Capital Management Corp increased its holdings in AAON, Inc. (NASDAQ:AAON) by 102.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,409 shares of the construction company’s stock after acquiring an additional 54,907 shares during the quarter. King Luther Capital Management Corp owned approximately 0.13% of AAON worth $10,130,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SG Capital Management LLC purchased a new stake in shares of AAON in the 3rd quarter worth approximately $8,420,000. Maridea Wealth Management LLC bought a new stake in AAON during the 3rd quarter valued at $1,646,000. Summitry LLC increased its holdings in shares of AAON by 19.8% in the 3rd quarter. Summitry LLC now owns 6,360 shares of the construction company’s stock valued at $594,000 after acquiring an additional 1,051 shares during the period. Fifth Third Bancorp raised its position in shares of AAON by 200.6% in the 3rd quarter. Fifth Third Bancorp now owns 4,587 shares of the construction company’s stock worth $429,000 after acquiring an additional 3,061 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of AAON by 8.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,283 shares of the construction company’s stock worth $2,456,000 after purchasing an additional 2,081 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other AAON news, EVP Stephen E. Wakefield purchased 4,141 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were 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 $1,180,299.08. This represents a 37.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 18.70% of the company’s stock.

AAON Price Performance

NASDAQ AAON opened at $101.02 on Friday. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 83.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The stock’s fifty day moving average price is $87.54 and its 200 day moving average price is $89.77. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $116.04.

AAON 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.