AAON (NASDAQ:AAON) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of AAON (NASDAQ:AAON) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Several other research firms also recently issued reports on AAON. Oppenheimer reiterated an “outperform” rating and issued a $115.00 price objective on shares of AAON in a report on Friday, November 7th. DA Davidson reiterated a “buy” rating and set a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Finally, William Blair restated an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.60.

AAON Trading Down 0.6%

Shares of AAON stock opened at $101.04 on Friday. AAON has a 1-year low of $62.00 and a 1-year high of $116.04. The firm has a market cap of $8.25 billion, a PE ratio of 83.50 and a beta of 1.11. The company has a 50-day moving average of $86.02 and a two-hundred day moving average of $89.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03.

Insider Buying and Selling at AAON

In other news, EVP Stephen E. Wakefield purchased 4,141 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the purchase, the executive vice president directly owned 15,212 shares of the company’s stock, valued at $1,180,299.08. The trade was a 37.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On AAON

Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of AAON during the 2nd quarter worth about $26,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of AAON in the 3rd quarter valued at about $26,000. Jones Financial Companies Lllp raised its position in shares of AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after acquiring an additional 141 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in AAON during the third quarter worth approximately $47,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

About AAON

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.