AAON (NASDAQ:AAON) Given New $125.00 Price Target at DA Davidson

AAON (NASDAQ:AAON) had its price target reduced by equities research analysts at DA Davidson from $150.00 to $125.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. DA Davidson’s target price would suggest a potential upside of 61.98% from the stock’s current price.

Several other brokerages have also recently issued reports on AAON. 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 research note on Friday. 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 research report on Friday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.50.

AAON Price Performance

Shares of NASDAQ:AAON traded down $1.47 during midday trading on Friday, reaching $77.17. 972,996 shares of the company’s stock traded hands, compared to its average volume of 617,450. The company has a fifty day simple moving average of $117.63 and a two-hundred day simple moving average of $114.07. 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 cap of $6.27 billion, a P/E ratio of 33.85 and a beta of 0.87. AAON has a 1 year low of $70.28 and a 1 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 that occurred 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 transaction, the chief financial officer now owns 17,297 shares of the company’s stock, valued at $2,386,986. The trade was a 22.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the transaction, the vice president now directly owns 4,558 shares in the company, valued at $597,052.42. The trade was a 54.05 % decrease in their position. 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 large investors have recently bought and sold shares of the business. Mather Group LLC. increased its stake in shares of AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Twin Tree Management LP bought a new position in shares of AAON during the fourth quarter valued at about $33,000. Blue Trust Inc. increased its position in shares of AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares during the period. Quarry LP grew its holdings in AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after purchasing an additional 103 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after buying an additional 131 shares in the last quarter. 70.81% of the stock is currently 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.