AAON, Inc. (NASDAQ:AAON) Given Consensus Recommendation of “Moderate Buy” by Brokerages

AAON, Inc. (NASDAQ:AAON) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $107.60.

A number of brokerages recently issued reports on AAON. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. DA Davidson reissued a “buy” rating and set a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. William Blair restated an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $115.00 target price on shares of AAON in a report on Friday, November 7th.

Insider Activity

In other AAON news, EVP Stephen E. Wakefield bought 4,141 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average cost of $77.59 per share, with a total value of $321,300.19. Following the purchase, the executive vice president owned 15,212 shares in the company, valued at $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On AAON

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in AAON by 3.8% in the 4th quarter. NewEdge Advisors LLC now owns 16,555 shares of the construction company’s stock valued at $1,262,000 after acquiring an additional 609 shares in the last quarter. XTX Topco Ltd bought a new position in AAON during the 4th quarter worth about $5,028,000. Spyglass Capital Management LLC raised its stake in shares of AAON by 12.2% in the 4th quarter. Spyglass Capital Management LLC now owns 1,198,921 shares of the construction company’s stock valued at $91,418,000 after purchasing an additional 130,062 shares during the period. Wellington Management Group LLP lifted its holdings in shares of AAON by 44.3% in the fourth quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock valued at $521,495,000 after purchasing an additional 2,099,385 shares in the last quarter. Finally, SummitTX Capital L.P. acquired a new position in shares of AAON during the fourth quarter worth about $347,000. Institutional investors own 70.81% of the company’s stock.

AAON Trading Down 0.5%

NASDAQ:AAON opened at $102.28 on Thursday. AAON has a 1-year low of $62.00 and a 1-year high of $116.04. The business’s 50-day moving average price is $87.20 and its two-hundred day moving average price is $89.69. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 84.53 and a beta of 1.11.

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.