AAON, Inc. (NASDAQ:AAON) Given Average Rating of “Buy” by Analysts

AAON, Inc. (NASDAQ:AAON) has received a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $121.75.

Several analysts have recently weighed in on the company. Robert W. Baird cut their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday. CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Friday. Finally, DA Davidson upped their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th.

AAON Stock Performance

Shares of NASDAQ:AAON traded down $2.43 on Friday, hitting $76.21. The company’s stock had a trading volume of 543,770 shares, compared to its average volume of 616,071. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 33.35 and a beta of 0.87. The stock’s 50-day moving average is $118.52 and its two-hundred day moving average is $114.31. AAON has a 12 month low of $70.28 and a 12 month high of $144.07.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AAON. Avior Wealth Management LLC increased its holdings in shares of AAON by 5,040.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company’s stock valued at $284,000 after acquiring an additional 2,369 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of AAON by 691.1% during the 4th quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company’s stock valued at $2,903,000 after acquiring an additional 21,548 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of AAON by 39.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock valued at $31,121,000 after acquiring an additional 81,111 shares during the last quarter. Wolverine Trading LLC acquired a new position in shares of AAON during the 3rd quarter valued at about $471,000. Finally, Caldwell Investment Management Ltd. acquired a new position in shares of AAON during the 4th quarter valued at about $1,099,000. 70.81% of the stock is owned by institutional investors and hedge funds.

About AAON

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.