AAON (NASDAQ:AAON) Price Target Cut to $125.00 by Analysts at DA Davidson

AAON (NASDAQ:AAON) had its target price reduced by DA Davidson from $150.00 to $125.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other research firms also recently weighed in on AAON. Robert W. Baird dropped their target price on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Stock Down 2.3 %

AAON opened at $76.80 on Friday. AAON has a fifty-two week low of $70.28 and a fifty-two week high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market capitalization of $6.24 billion, a P/E ratio of 33.83 and a beta of 0.87. The stock has a fifty day moving average of $117.63 and a 200-day moving average of $114.07.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was 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 owns 4,558 shares of the company’s stock, valued at $597,052.42. The trade was a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rebecca Thompson sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value 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 approximately $2,386,986. This trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC raised its stake in AAON by 5,040.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company’s stock worth $284,000 after acquiring an additional 2,369 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of AAON by 691.1% during the fourth quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company’s stock worth $2,903,000 after purchasing an additional 21,548 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of AAON by 39.1% during the third quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock worth $31,121,000 after purchasing an additional 81,111 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of AAON during the third quarter worth about $471,000. Finally, Caldwell Investment Management Ltd. bought a new stake in shares of AAON during the fourth quarter worth about $1,099,000. Institutional investors and hedge funds 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.