DA Davidson Issues Pessimistic Forecast for AAON (NASDAQ:AAON) Stock Price

AAON (NASDAQ:AAON - Get Free Report) had its target price decreased by equities researchers at DA Davidson from $150.00 to $125.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. DA Davidson's price target would indicate a potential upside of 66.11% from the company's current price.

AAON has been the subject of several other research reports. Robert W. Baird dropped their price target on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research 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. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AAON has a consensus rating of "Moderate Buy" and an average target price of $115.50.

AAON Trading Up 2.4 %

AAON traded up $1.73 during midday trading on Friday, hitting $75.25. The company's stock had a trading volume of 1,948,404 shares, compared to its average volume of 630,112. AAON has a 52-week low of $69.47 and a 52-week high of $144.07. The firm has a 50-day moving average price of $115.69 and a two-hundred day moving average price of $114.26. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.12 billion, a P/E ratio of 33.15 and a beta of 0.87.

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Insider Transactions at AAON

In other news, 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 sale, the chief financial officer now owns 17,297 shares of the company's stock, valued at $2,386,986. This represents 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 at this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were 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 in the company, valued at approximately $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. Company insiders own 18.55% of the company's stock.

Institutional Trading of AAON

Several large investors have recently bought and sold shares of AAON. Park Square Financial Group LLC purchased a new position in shares of AAON in the fourth quarter valued at $57,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in AAON in the 4th quarter valued at about $8,920,000. Forum Financial Management LP acquired a new stake in shares of AAON during the fourth quarter valued at about $202,000. GTS Securities LLC purchased a new stake in shares of AAON during the fourth quarter worth about $408,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 worth $25,950,000 after acquiring an additional 4,839 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

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.