AAON (NASDAQ:AAON) Price Target Raised to $138.00 at Robert W. Baird

AAON (NASDAQ:AAON - Get Free Report) had its price target lifted by stock analysts at Robert W. Baird from $130.00 to $138.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the construction company's stock. Robert W. Baird's price target would indicate a potential downside of 0.17% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Sidoti downgraded AAON from a "buy" rating to a "neutral" rating and upped their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

AAON Trading Up 16.1 %

AAON stock traded up $19.14 during midday trading on Friday, hitting $138.24. 700,381 shares of the stock were exchanged, compared to its average volume of 604,454. The stock has a market capitalization of $11.20 billion, a PE ratio of 60.38 and a beta of 0.79. The company has a fifty day simple moving average of $105.21 and a two-hundred day simple moving average of $91.18. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. AAON has a 52 week low of $57.19 and a 52 week high of $139.63.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The company had revenue of $327.25 million for the quarter, compared to analysts' expectations of $315.80 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Equities research analysts anticipate that AAON will post 2.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in shares of AAON during the 2nd quarter valued at approximately $29,000. Blue Trust Inc. increased its holdings in shares of AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock worth $32,000 after buying an additional 198 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of AAON in the 2nd quarter valued at $35,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON during the 3rd quarter valued at $37,000. Finally, Signaturefd LLC boosted its holdings in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company's stock valued at $53,000 after acquiring an additional 238 shares in the last quarter. 70.81% of the stock is 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.