AAON (NASDAQ:AAON) Raised to Hold at StockNews.com

AAON (NASDAQ:AAONGet Rating) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts have also weighed in on AAON. CJS Securities started coverage on shares of AAON in a research report on Thursday, September 15th. They set an “outperform” rating and a $73.00 target price on the stock. TheStreet raised shares of AAON from a “c+” rating to a “b” rating in a research note on Wednesday, November 9th. Finally, DA Davidson upped their target price on shares of AAON to $75.00 in a research note on Tuesday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.33.

AAON Stock Performance

Shares of AAON opened at $78.76 on Friday. The company has a market capitalization of $4.19 billion, a PE ratio of 63.01 and a beta of 0.76. AAON has a one year low of $47.50 and a one year high of $83.79. 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 company’s fifty day moving average price is $61.43 and its 200 day moving average price is $57.60.

Insider Activity

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

Institutional Trading of AAON

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new position in shares of AAON during the third quarter valued at approximately $32,000. Bessemer Group Inc. boosted its position in shares of AAON by 39.7% during the third quarter. Bessemer Group Inc. now owns 598 shares of the construction company’s stock valued at $32,000 after buying an additional 170 shares during the last quarter. Group One Trading L.P. purchased a new stake in shares of AAON during the first quarter valued at $39,000. Pinnacle Financial Partners Inc. purchased a new position in AAON in the third quarter worth about $40,000. Finally, Lazard Asset Management LLC bought a new position in shares of AAON in the first quarter worth about $53,000. Hedge funds and other institutional investors own 70.61% of the company’s stock.

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.

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