DA Davidson Has Lowered Expectations for AAON (NASDAQ:AAON) Stock Price

AAON (NASDAQ:AAON) had its price objective cut by equities researchers at DA Davidson from $150.00 to $125.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. DA Davidson’s target price indicates a potential upside of 61.98% from the company’s previous close.

A number of other research analysts have also issued reports on AAON. CJS Securities upgraded shares of 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. Robert W. Baird lowered their price target on shares of AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.50.

AAON Trading Down 1.9 %

AAON traded down $1.47 on Friday, reaching $77.17. 972,996 shares of the company traded hands, compared to its average volume of 617,450. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.27 billion, a P/E ratio of 33.85 and a beta of 0.87. The firm has a fifty day simple moving average of $117.63 and a two-hundred day simple moving average of $114.07. AAON has a one year low of $70.28 and a one year high of $144.07.

Insider Buying and Selling

In other AAON news, CFO Rebecca Thompson sold 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the transaction, the chief financial officer now directly owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $702,368.38. Following the sale, the vice president now owns 4,558 shares in the company, valued at $597,052.42. The trade was a 54.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.

Institutional Trading of AAON

A number of institutional investors and hedge funds have recently bought and sold shares of AAON. Mather Group LLC. boosted its holdings in AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after acquiring an additional 193 shares during the period. Blue Trust Inc. grew its holdings in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after acquiring an additional 198 shares during the period. Twin Tree Management LP acquired a new position in shares of AAON in the 4th quarter valued at $33,000. Westside Investment Management Inc. acquired a new stake in shares of AAON during the 3rd quarter valued at about $36,000. Finally, Quarry LP raised its stake in shares of AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds 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.