AAON (NASDAQ:AAON) Given “Buy” Rating at DA Davidson

AAON (NASDAQ:AAON)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $110.00 target price on the construction company’s stock. DA Davidson’s target price indicates a potential upside of 45.15% from the stock’s current price.

AAON has been the topic of several other research reports. Robert W. Baird cut their price objective on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Zacks Research lowered AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. KeyCorp reissued a “sector weight” rating on shares of AAON in a report on Thursday, August 13th. Oppenheimer reduced their price target on shares of AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.33.

AAON Stock Up 0.3%

AAON stock opened at $75.78 on Tuesday. AAON has a fifty-two week low of $73.19 and a fifty-two week high of $150.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01. The firm’s 50-day simple moving average is $90.78 and its 200 day simple moving average is $102.84. The stock has a market cap of $6.25 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The firm had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 101.2% on a year-over-year basis. Research analysts predict that AAON will post 2.21 EPS for the current fiscal year.

Insider Activity

In other AAON news, EVP Matthew Shaub purchased 457 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average cost of $76.42 per share, for a total transaction of $34,923.94. Following the purchase, the executive vice president owned 3,136 shares of the company’s stock, valued at $239,653.12. This represents a 17.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 18.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of AAON by 48.0% during the first quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock worth $45,000 after acquiring an additional 178 shares in the last quarter. Huntington National Bank raised its stake in shares of AAON by 21.1% during the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares during the period. NI Acquisitions Company LLC bought a new stake in shares of AAON during the 2nd quarter valued at $102,000. Summit Securities Group LLC lifted its holdings in AAON by 73.9% during the 1st quarter. Summit Securities Group LLC now owns 1,024 shares of the construction company’s stock worth $85,000 after purchasing an additional 435 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in AAON by 20.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock worth $80,000 after purchasing an additional 181 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Company Profile

AAON, Inc is a manufacturer of heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial applications. The company designs and produces systems intended to support climate control, indoor air quality and energy efficiency in a range of buildings and facilities.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers and related HVAC controls and equipment. AAON sells its products through manufacturer representatives and distributors, serving customers primarily in North America.

Founded in 1988 by Norman Asbjornson and headquartered in Tulsa, Oklahoma, AAON operates manufacturing facilities in the United States.