AAON, Inc. (NASDAQ:AAON) Receives $107.60 Average Price Target from Analysts

AAON, Inc. (NASDAQ:AAON) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $107.60.

A number of analysts have recently weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Oppenheimer restated an “outperform” rating and set a $115.00 price target on shares of AAON in a report on Friday, November 7th. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Finally, William Blair restated an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th.

Insider Buying and Selling at AAON

In other news, EVP Stephen E. Wakefield acquired 4,141 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was acquired at an average cost of $77.59 per share, with a total value of $321,300.19. Following the transaction, the executive vice president owned 15,212 shares in the company, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 18.70% of the company’s stock.

Institutional Trading of AAON

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in shares of AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in AAON in the second quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC acquired a new position in AAON in the third quarter valued at approximately $26,000. Jones Financial Companies Lllp increased its stake in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in AAON during the fourth quarter worth approximately $45,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Up 1.3%

NASDAQ AAON opened at $102.30 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 84.55 and a beta of 1.11. The firm has a 50 day simple moving average of $88.03 and a 200-day simple moving average of $89.96. AAON has a one year low of $62.00 and a one year high of $116.04.

AAON Company Profile

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.