CJS Securities upgraded shares of AAON (NASDAQ:AAON - Free Report) from a market perform rating to an outperform rating in a research report report published on Friday, MarketBeat.com reports. They currently have $110.00 price target on the construction company's stock.
A number of other brokerages also recently commented on AAON. Robert W. Baird upped their target price on AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. DA Davidson raised their price target on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $115.50.
View Our Latest Stock Report on AAON
AAON Stock Up 2.4 %
Shares of AAON stock traded up $1.73 during trading hours on Friday, reaching $75.25. 1,948,404 shares of the company's stock were exchanged, compared to its average volume of 630,112. The stock has a market cap of $6.12 billion, a PE ratio of 33.15 and a beta of 0.87. 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 stock's fifty day moving average price is $115.69 and its two-hundred day moving average price is $114.26. AAON has a 1 year low of $69.47 and a 1 year high of $144.07.
Insider Activity at AAON
In related news, VP Stephen E. Wakefield sold 5,362 shares of the business's stock in a transaction on 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 directly owns 4,558 shares of the company's stock, valued at $597,052.42. The trade was a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rebecca Thompson sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the sale, the chief financial officer now directly owns 17,297 shares in the company, valued at approximately $2,386,986. This represents a 22.42 % 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 Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AAON. Mather Group LLC. grew its holdings in shares of AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after buying an additional 193 shares during the last quarter. Twin Tree Management LP acquired a new stake in AAON in the fourth quarter valued at about $33,000. Blue Trust Inc. boosted its holdings in AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. Quarry LP increased its position in AAON by 49.0% during the 4th 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. raised its stake in shares of AAON by 67.5% during the 4th 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. Institutional investors and hedge funds own 70.81% of the company's stock.
About AAON
(
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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.
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