AAON (NASDAQ:AAON) Upgraded by CJS Securities to “Outperform” Rating

CJS Securities upgraded shares of AAON (NASDAQ:AAON) from a market perform rating to an outperform rating in a research note released on Friday morning, Marketbeat Ratings reports. CJS Securities currently has $110.00 target price on the construction company’s stock.

Several other analysts have also recently weighed in on AAON. Robert W. Baird raised their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson raised their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Stock Performance

NASDAQ:AAON opened at $76.80 on Friday. The business’s 50-day moving average price is $117.63 and its two-hundred day moving average price is $114.07. AAON has a twelve month low of $70.28 and a twelve month high of $144.07. The stock has a market cap of $6.24 billion, a P/E ratio of 33.83 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

Insider Activity at AAON

In other AAON news, CFO Rebecca Thompson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total value of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares in the company, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the sale, the vice president now owns 4,558 shares of the company’s stock, valued at $597,052.42. The trade was a 54.05 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by insiders.

Institutional Trading of AAON

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Square Financial Group LLC bought a new stake in AAON in the fourth quarter valued at approximately $57,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in AAON in the fourth quarter valued at approximately $8,920,000. Forum Financial Management LP purchased a new position in shares of AAON during the fourth quarter valued at approximately $202,000. GTS Securities LLC purchased a new position in shares of AAON during the fourth quarter valued at approximately $408,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AAON by 2.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 220,513 shares of the construction company’s stock valued at $25,950,000 after buying an additional 4,839 shares during the period. Institutional investors own 70.81% of the company’s stock.

AAON Company Profile

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.