AAON (NASDAQ:AAON) Shares Gap Up Following Analyst Upgrade

Shares of AAON, Inc. (NASDAQ:AAONGet Rating) gapped up prior to trading on Wednesday after DA Davidson raised their price target on the stock to $75.00. The stock had previously closed at $77.81, but opened at $80.24. AAON shares last traded at $80.24, with a volume of 7 shares.

Other analysts have also issued reports about the stock. StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a research report on Friday, November 11th. TheStreet upgraded shares of AAON from a “c+” rating to a “b” rating in a research report on Wednesday, November 9th. Finally, CJS Securities initiated coverage on shares of AAON in a research report on Thursday, September 15th. They issued an “outperform” rating and a $73.00 price target for the company. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.33.

Insider Transactions at AAON

In other news, CFO Rebecca Thompson sold 15,500 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $80.05, for a total value of $1,240,775.00. Following the transaction, the chief financial officer now owns 9,877 shares of the company’s stock, valued at $790,653.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Rebecca Thompson sold 15,500 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $80.05, for a total transaction of $1,240,775.00. Following the sale, the chief financial officer now owns 9,877 shares of the company’s stock, valued at $790,653.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Rony D. Gadiwalla sold 11,237 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $58.74, for a total transaction of $660,061.38. Following the sale, the vice president now directly owns 20,726 shares in the company, valued at approximately $1,217,445.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,395 shares of company stock valued at $3,580,715. 19.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AAON

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of AAON by 397.1% in the third quarter. Victory Capital Management Inc. now owns 587,605 shares of the construction company’s stock valued at $31,660,000 after acquiring an additional 469,391 shares during the period. Eaton Vance Management grew its holdings in shares of AAON by 81.5% in the first quarter. Eaton Vance Management now owns 767,059 shares of the construction company’s stock worth $42,749,000 after purchasing an additional 344,398 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of AAON by 14.2% in the second quarter. Conestoga Capital Advisors LLC now owns 2,542,306 shares of the construction company’s stock worth $139,217,000 after purchasing an additional 316,362 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of AAON in the second quarter worth about $13,170,000. Finally, Macquarie Group Ltd. grew its holdings in shares of AAON by 19,788.9% in the third quarter. Macquarie Group Ltd. now owns 217,982 shares of the construction company’s stock worth $11,758,000 after purchasing an additional 216,886 shares during the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

AAON Trading Up 0.0 %

The stock’s fifty day moving average price is $60.56 and its 200 day moving average price is $57.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.36 and a quick ratio of 1.12. The stock has a market capitalization of $4.27 billion, a P/E ratio of 64.22 and a beta of 0.76.

AAON Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 28th will be issued a dividend of $0.24 per share. This represents a yield of 0.6%. This is a boost from AAON’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend is Friday, November 25th. AAON’s dividend payout ratio is presently 30.40%.

AAON Company Profile

(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.

Featured Articles

Receive News & Ratings for AAON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAON and related companies with MarketBeat.com's FREE daily email newsletter.