AAON, Inc. (NASDAQ:AAON) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of AAON, Inc. (NASDAQ:AAON) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $107.60.

Several equities research analysts have commented on AAON shares. DA Davidson reissued a “buy” rating and set a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $115.00 target price on shares of AAON in a research report on Friday, November 7th. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th.

AAON Price Performance

NASDAQ AAON opened at $102.28 on Thursday. The firm’s 50 day moving average is $87.20 and its 200-day moving average is $89.69. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $8.35 billion, a PE ratio of 84.53 and a beta of 1.11. AAON has a 12-month low of $62.00 and a 12-month high of $116.04.

Insiders Place Their Bets

In other news, EVP Stephen E. Wakefield purchased 4,141 shares of the company’s stock in a transaction on Friday, December 12th. The shares were purchased at an average cost of $77.59 per share, with a total value of $321,300.19. Following the completion of the transaction, the executive vice president owned 15,212 shares of the company’s stock, valued at $1,180,299.08. The trade was a 37.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On AAON

Institutional investors and hedge funds have recently modified their holdings of the company. Impax Asset Management Group plc raised its stake in AAON by 25.0% in the 2nd quarter. Impax Asset Management Group plc now owns 587,296 shares of the construction company’s stock worth $42,715,000 after purchasing an additional 117,446 shares in the last quarter. Arcadia Investment Management Corp MI grew its position in shares of AAON by 88.8% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 27,825 shares of the construction company’s stock worth $2,052,000 after purchasing an additional 13,087 shares in the last quarter. Pembroke Management LTD increased its holdings in shares of AAON by 28.6% during the third quarter. Pembroke Management LTD now owns 553,149 shares of the construction company’s stock worth $51,686,000 after purchasing an additional 122,937 shares during the period. Jackson Square Partners LLC raised its position in shares of AAON by 195.8% in the third quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock valued at $12,496,000 after buying an additional 88,516 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of AAON by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 560,371 shares of the construction company’s stock valued at $53,751,000 after buying an additional 110,715 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

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.