DA Davidson Boosts AAON (NASDAQ:AAON) Price Target to $72.00

AAON (NASDAQ:AAONGet Rating) had its price target hoisted by DA Davidson to $72.00 in a research note published on Monday, Stock Target Advisor reports.

Separately, StockNews.com lowered AAON from a hold rating to a sell rating in a research report on Wednesday, August 10th.

AAON Stock Down 0.1 %

Shares of AAON stock opened at $62.87 on Monday. AAON has a 1-year low of $47.50 and a 1-year high of $83.79. The stock’s fifty day moving average price is $56.36 and its 200 day moving average price is $55.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 1.20. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 61.04 and a beta of 0.69.

AAON (NASDAQ:AAONGet Rating) last issued its earnings results on Monday, August 8th. The construction company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11). The company had revenue of $208.80 million during the quarter, compared to analysts’ expectations of $204.33 million. AAON had a return on equity of 12.87% and a net margin of 8.37%. The firm’s quarterly revenue was up 45.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. On average, research analysts expect that AAON will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Rony D. Gadiwalla sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $63.18, for a total transaction of $442,260.00. Following the sale, the vice president now owns 20,726 shares of the company’s stock, valued at approximately $1,309,468.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Rony D. Gadiwalla sold 2,000 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $52.50, for a total transaction of $105,000.00. Following the completion of the sale, the vice president now directly owns 27,144 shares of the company’s stock, valued at approximately $1,425,060. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Rony D. Gadiwalla sold 7,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $63.18, for a total transaction of $442,260.00. Following the completion of the transaction, the vice president now directly owns 20,726 shares of the company’s stock, valued at $1,309,468.68. The disclosure for this sale can be found here. Insiders have sold a total of 42,180 shares of company stock valued at $2,506,991 over the last quarter. 19.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AAON

A number of institutional investors have recently modified their holdings of AAON. LPL Financial LLC boosted its holdings in shares of AAON by 3.5% in the second quarter. LPL Financial LLC now owns 4,995 shares of the construction company’s stock valued at $274,000 after acquiring an additional 168 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of AAON by 188.8% during the 4th quarter. First Horizon Advisors Inc. now owns 335 shares of the construction company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Cim LLC grew its stake in AAON by 4.6% in the 1st quarter. Cim LLC now owns 5,560 shares of the construction company’s stock valued at $290,000 after buying an additional 245 shares during the last quarter. Maryland State Retirement & Pension System grew its position in AAON by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 16,512 shares of the construction company’s stock worth $1,312,000 after purchasing an additional 248 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of AAON by 0.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 77,611 shares of the construction company’s stock valued at $4,250,000 after acquiring an additional 307 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

About AAON

(Get Rating)

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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