Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) have been given an average rating of "Buy" by the six research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $115.50.
A number of research firms have recently issued reports on AAON. StockNews.com downgraded shares of AAON from a "hold" rating to a "sell" rating in a report 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 research note on Friday. DA Davidson reduced their price objective on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Friday. Finally, 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.
Check Out Our Latest Stock Report on AAON
AAON Stock Up 2.4 %
AAON stock traded up $1.73 during midday trading on Friday, reaching $75.25. The stock had a trading volume of 1,948,404 shares, compared to its average volume of 630,112. AAON has a 1-year low of $69.47 and a 1-year high of $144.07. 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 firm's fifty day simple moving average is $115.69 and its 200-day simple moving average is $114.26. The stock has a market capitalization of $6.12 billion, a P/E ratio of 33.15 and a beta of 0.87.
Insiders Place Their Bets
In related news, VP Stephen E. Wakefield sold 5,362 shares of AAON stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the transaction, the vice president now owns 4,558 shares in the company, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $690,000.00. Following the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at approximately $2,386,986. This trade represents a 22.42 % 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
Several hedge funds have recently added to or reduced their stakes in AAON. Norges Bank acquired a new position in shares of AAON in the fourth quarter valued at $76,581,000. Raymond James Financial Inc. bought a new stake in shares of AAON during the 4th quarter worth about $73,313,000. Wasatch Advisors LP boosted its holdings in shares of AAON by 39.1% during the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company's stock worth $201,310,000 after buying an additional 525,132 shares during the period. First Trust Advisors LP grew its stake in AAON by 85.6% in the 4th quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company's stock valued at $125,813,000 after buying an additional 493,219 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in AAON in the 4th quarter valued at about $42,449,000. Institutional investors and hedge funds own 70.81% of the company's stock.
About AAON
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Get Free ReportAAON, 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.
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