AAON (NASDAQ:AAON) Price Target Lowered to $116.00 at Robert W. Baird

AAON (NASDAQ:AAON) had its price target cut by Robert W. Baird from $155.00 to $116.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Several other research firms also recently commented on AAON. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Friday. DA Davidson boosted their target price on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.50.

AAON Stock Performance

AAON stock opened at $76.80 on Friday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 33.83 and a beta of 0.87. AAON has a 12 month low of $70.28 and a 12 month high of $144.07. The firm has a 50 day moving average of $117.63 and a two-hundred day moving average of $114.07.

Insider Buying and Selling

In related news, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at $2,386,986. This represents a 22.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stephen E. Wakefield sold 5,362 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the transaction, the vice president now owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.

Hedge Funds Weigh In On AAON

Several large investors have recently bought and sold shares of AAON. Blue Trust Inc. raised its stake in shares of AAON by 28.4% in the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock valued at $41,000 after buying an additional 84 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of AAON by 1.0% in the 3rd quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock valued at $949,000 after buying an additional 89 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of AAON by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock valued at $2,201,000 after buying an additional 100 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of AAON by 5.2% in the 4th quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company’s stock valued at $237,000 after buying an additional 100 shares in the last quarter. Finally, Smith Moore & CO. raised its stake in shares of AAON by 3.1% in the 4th quarter. Smith Moore & CO. now owns 3,300 shares of the construction company’s stock valued at $388,000 after buying an additional 100 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.