DA Davidson Issues Pessimistic Forecast for AAON (NASDAQ:AAON) Stock Price

AAON (NASDAQ:AAON) had its price objective cut by analysts at DA Davidson from $150.00 to $125.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. DA Davidson’s target price suggests a potential upside of 62.76% from the company’s previous close.

Several other brokerages also recently commented on AAON. CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Friday. Robert W. Baird decreased their price objective on shares of AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $115.50.

AAON Stock Down 2.3 %

Shares of AAON stock opened at $76.80 on Friday. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 33.83 and a beta of 0.87. AAON has a one year low of $70.28 and a one year high of $144.07. The company’s fifty day moving average price is $116.69 and its 200-day moving average price is $114.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

Insider Buying and Selling at AAON

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

Hedge Funds Weigh In On AAON

Institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. grew its stake in shares of AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after buying an additional 193 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of AAON during the 4th quarter worth about $33,000. Blue Trust Inc. boosted its stake in shares of AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the period. Quarry LP boosted its stake in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after purchasing an additional 103 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after purchasing an additional 131 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.