AAON (NASDAQ:AAON) Stock Price Expected to Rise, Robert W. Baird Analyst Says

AAON (NASDAQ:AAON) had its price target boosted by equities researchers at Robert W. Baird from $130.00 to $138.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price indicates a potential upside of 13.12% from the stock’s current price.

Several other research firms have also recently weighed in on AAON. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and raised their price target for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and an average target price of $117.00.

AAON Trading Up 2.4 %

NASDAQ AAON opened at $121.99 on Friday. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 53.65 and a beta of 0.79. AAON has a twelve month low of $57.19 and a twelve month high of $122.97. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average is $105.21 and its 200 day moving average is $91.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of AAON during the 2nd quarter worth approximately $29,000. Blue Trust Inc. increased its position in shares of AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after acquiring an additional 198 shares during the last quarter. Crewe Advisors LLC bought a new stake in AAON during the second quarter worth $35,000. ORG Wealth Partners LLC bought a new stake in AAON during the third quarter worth $37,000. Finally, Signaturefd LLC boosted its position in AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares during the last quarter. 70.81% of the stock is currently 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.