Oppenheimer Asset Management Inc. Purchases 5,676 Shares of AAON, Inc. $AAON

Oppenheimer Asset Management Inc. lifted its holdings in AAON, Inc. (NASDAQ:AAON) by 19.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 35,300 shares of the construction company’s stock after acquiring an additional 5,676 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AAON were worth $3,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in AAON in the second quarter worth $26,000. Jones Financial Companies Lllp grew its stake in AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of AAON during the 2nd quarter valued at $53,000. Finally, Hantz Financial Services Inc. raised its stake in shares of AAON by 273.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 871 shares of the construction company’s stock worth $81,000 after purchasing an additional 638 shares during the period. 70.81% of the stock is owned by institutional investors.

Insider Activity

In other AAON news, EVP Stephen E. Wakefield purchased 4,141 shares of the stock in a transaction dated Friday, December 12th. The shares were bought at an average price of $77.59 per share, with a total value of $321,300.19. Following the completion of the transaction, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 18.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AAON shares. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. DA Davidson reaffirmed a “buy” rating and issued a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of AAON from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. William Blair restated an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $115.00 price target on shares of AAON in a report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, AAON currently has an average rating of “Moderate Buy” and an average price target of $107.60.

AAON Trading Up 3.7%

Shares of AAON stock opened at $102.72 on Thursday. The stock has a market capitalization of $8.39 billion, a P/E ratio of 84.89 and a beta of 1.11. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $116.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04. The stock’s 50-day simple moving average is $85.46 and its 200 day simple moving average is $89.00.

AAON Profile

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.