AAON (NASDAQ:AAON) Stock Price Expected to Rise, DA Davidson Analyst Says

AAON (NASDAQ:AAON) had its price target increased by analysts at DA Davidson from $102.00 to $150.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. DA Davidson’s price objective indicates a potential upside of 14.50% from the company’s previous close.

AAON has been the topic of a number of other research reports. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and raised their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Robert W. Baird lifted their price objective on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.00.

AAON Trading Up 10.0 %

Shares of NASDAQ:AAON traded up $11.90 on Friday, reaching $131.00. 120,904 shares of the company traded hands, compared to its average volume of 601,783. The stock has a market capitalization of $10.61 billion, a P/E ratio of 59.01 and a beta of 0.79. The business’s 50-day simple moving average is $105.21 and its 200 day simple moving average is $91.18. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON has a 52 week low of $57.19 and a 52 week high of $132.20.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. As a group, equities analysts anticipate that AAON will post 2.28 EPS for the current fiscal year.

Institutional Trading of AAON

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC purchased a new position in shares of AAON during the second quarter valued at approximately $29,000. Blue Trust Inc. raised its stake in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares during the last quarter. Crewe Advisors LLC purchased a new position in AAON during the second quarter valued at $35,000. ORG Wealth Partners LLC bought a new stake in AAON in the third quarter worth $37,000. Finally, Signaturefd LLC grew its stake in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after acquiring an additional 238 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

About AAON

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.