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

Shares of AAON, Inc. (NASDAQ:AAON) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $107.60.

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

Insider Transactions at AAON

In related news, EVP Stephen E. Wakefield purchased 4,141 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was acquired at an average price of $77.59 per share, with a total value of $321,300.19. Following the completion of the acquisition, the executive vice president owned 15,212 shares in the company, valued at approximately $1,180,299.08. This represents a 37.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 18.55% of the company’s stock.

Hedge Funds Weigh In On AAON

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAON. Millennium Management LLC grew its stake in AAON by 429.3% during the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after purchasing an additional 65,813 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 294 shares during the period. Goldman Sachs Group Inc. boosted its position in AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after buying an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in AAON by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after buying an additional 12,489 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in AAON in the 2nd quarter worth approximately $531,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Down 1.2%

Shares of AAON stock opened at $101.10 on Thursday. The firm’s 50 day moving average price is $88.51 and its 200-day moving average price is $90.15. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. AAON has a 52-week low of $62.00 and a 52-week high of $116.04. The company has a market cap of $8.25 billion, a P/E ratio of 83.55 and a beta of 1.11.

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.