AAON (NASDAQ:AAON) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AAON (NASDAQ:AAON) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other equities analysts have also recently weighed in on the stock. William Blair reissued an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. DA Davidson reaffirmed a “buy” rating and set a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Finally, Oppenheimer restated an “outperform” rating and issued a $115.00 price target on shares of AAON in a report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.60.

AAON Stock Performance

Shares of AAON stock opened at $101.04 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The firm has a 50 day simple moving average of $86.38 and a 200 day simple moving average of $89.46. AAON has a fifty-two week low of $62.00 and a fifty-two week high of $116.04. The firm has a market cap of $8.25 billion, a P/E ratio of 83.50 and a beta of 1.11.

Insider Transactions at AAON

In other news, EVP Stephen E. Wakefield purchased 4,141 shares of the company’s stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $77.59 per share, with a total value of $321,300.19. Following the purchase, the executive vice president directly owned 15,212 shares of the company’s stock, valued at $1,180,299.08. This trade represents a 37.40% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 18.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its stake in AAON by 429.3% in the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after acquiring an additional 65,813 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after purchasing an additional 294 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after purchasing an additional 73,644 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AAON by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after purchasing an additional 12,489 shares during the last quarter. Finally, Twin Tree Management LP acquired a new position in AAON during the second quarter worth $344,000. 70.81% of the stock is currently owned by institutional investors.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.