Royce & Associates LP Buys 18,895 Shares of AAON, Inc. $AAON

Royce & Associates LP boosted its position in AAON, Inc. (NASDAQ:AAON) by 4.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,604 shares of the construction company’s stock after buying an additional 18,895 shares during the period. Royce & Associates LP owned approximately 0.52% of AAON worth $39,862,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AAON. Millennium Management LLC grew its stake in AAON by 429.3% in the first 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 during the period. NewEdge Advisors LLC raised its position in shares of AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 294 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of AAON by 20.6% in the 1st 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 grew its position in AAON by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after purchasing an additional 12,489 shares during the period. Finally, Bessemer Group Inc. increased its stake in AAON by 4,705.5% during the 2nd quarter. Bessemer Group Inc. now owns 9,563 shares of the construction company’s stock valued at $705,000 after purchasing an additional 9,364 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of AAON in a research note on Friday, November 7th. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. DA Davidson reiterated a “buy” rating and set a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Finally, William Blair reissued an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.00.

AAON Stock Up 2.3%

AAON stock opened at $101.20 on Friday. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $116.04. 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’s 50-day simple moving average is $90.49 and its 200 day simple moving average is $90.67. The stock has a market cap of $8.26 billion, a PE ratio of 83.64 and a beta of 1.11.

Insider Buying and Selling at AAON

In other AAON news, EVP Stephen E. Wakefield bought 4,141 shares of AAON stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of $77.59 per share, with a total value of $321,300.19. Following the completion of the acquisition, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 18.70% of the stock is owned by insiders.

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.