AAON, Inc. (NASDAQ:AAON) Receives Consensus Recommendation of “Buy” from Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have earned an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $121.75.

A number of analysts have issued reports on AAON shares. Robert W. Baird lowered their target price on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday. DA Davidson raised their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Friday.

AAON Stock Performance

AAON traded down $2.43 during midday trading on Friday, reaching $76.21. The company’s stock had a trading volume of 543,770 shares, compared to its average volume of 616,071. The stock has a market cap of $6.19 billion, a P/E ratio of 33.35 and a beta of 0.87. The company has a fifty day simple moving average of $118.52 and a 200 day simple moving average of $114.31. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON has a twelve month low of $70.28 and a twelve month high of $144.07.

Insiders Place Their Bets

In other news, CFO Rebecca Thompson sold 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares in the company, valued at $2,386,986. The trade was a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the sale, the vice president now owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

Institutional Investors Weigh In On AAON

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in AAON in the fourth quarter valued at about $8,920,000. Forum Financial Management LP bought a new stake in AAON in the fourth quarter valued at about $202,000. GTS Securities LLC bought a new stake in AAON in the fourth quarter valued at about $408,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AAON by 2.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 220,513 shares of the construction company’s stock valued at $25,950,000 after purchasing an additional 4,839 shares during the last quarter. Finally, Twinbeech Capital LP bought a new stake in AAON in the fourth quarter valued at about $3,691,000. Institutional investors own 70.81% of the company’s stock.

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.