AAON (NASDAQ:AAON - Free Report) had its price target decreased by Robert W. Baird from $155.00 to $116.00 in a report published on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company's stock.
Other analysts have also issued reports about the stock. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research report on Friday. DA Davidson increased their price target on AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AAON has a consensus rating of "Moderate Buy" and an average target price of $115.50.
Read Our Latest Report on AAON
AAON Trading Up 2.4 %
Shares of AAON traded up $1.73 during midday trading on Friday, hitting $75.25. The stock had a trading volume of 1,948,404 shares, compared to its average volume of 630,112. The stock's 50 day moving average is $115.69 and its 200 day moving average is $114.26. The firm has a market cap of $6.12 billion, a PE ratio of 33.15 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON has a 1 year low of $69.47 and a 1 year high of $144.07.
Insider Buying and Selling
In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of the company'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 sale, the vice president now owns 4,558 shares in the company, valued at $597,052.42. This represents a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rebecca Thompson sold 5,000 shares of the company's stock in a transaction 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 sale, the chief financial officer now owns 17,297 shares of the company's stock, valued at $2,386,986. This trade represents a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.
Hedge Funds Weigh In On AAON
Large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in AAON during the 4th quarter worth $76,581,000. Raymond James Financial Inc. acquired a new stake in AAON in the fourth quarter worth about $73,313,000. Wasatch Advisors LP grew its stake in shares of AAON by 39.1% during the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company's stock worth $201,310,000 after acquiring an additional 525,132 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of AAON by 85.6% during the fourth quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company's stock valued at $125,813,000 after acquiring an additional 493,219 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of AAON in the 4th quarter valued at approximately $42,449,000. 70.81% of the stock is owned by institutional investors and hedge funds.
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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