AAON (NASDAQ:AAON) Sees Large Volume Increase - Should You Buy?

Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) saw unusually-high trading volume on Friday . Approximately 972,996 shares were traded during mid-day trading, an increase of 58% from the previous session's volume of 617,394 shares.The stock last traded at $76.88 and had previously closed at $78.64.

Analyst Ratings Changes

AAON has been the subject of several recent research reports. CJS Securities raised AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a research report on Friday. DA Davidson lowered their price objective on shares of AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday. Robert W. Baird dropped their target price on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a report on Friday. Finally, StockNews.com cut AAON from a "hold" rating to a "sell" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.50.

AAON Stock Performance

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 company has a market capitalization of $6.15 billion, a PE ratio of 33.34 and a beta of 0.87. The firm's 50-day simple moving average is $115.69 and its 200-day simple moving average is $114.26.

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Insider Transactions at AAON

In related news, CFO Rebecca Thompson sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of 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 SEC, which is available at the SEC website. Also, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction 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 sale, the vice president now directly owns 4,558 shares in the company, valued at $597,052.42. This trade represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company's stock.

Hedge Funds Weigh In On AAON

A number of large investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in shares of AAON in the 4th quarter worth approximately $57,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in AAON in the fourth quarter worth $8,920,000. Forum Financial Management LP acquired a new position in shares of AAON during the fourth quarter worth $202,000. GTS Securities LLC purchased a new stake in shares of AAON during the 4th quarter valued at $408,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of AAON by 2.2% in the 4th 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 purchasing an additional 4,839 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

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.