AAON (NASDAQ:AAON) Upgraded to Outperform at Robert W. Baird

AAON (NASDAQ:AAON) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Monday, FinViz reports. The brokerage presently has a $130.00 price objective on the construction company’s stock, up from their prior price objective of $114.00. Robert W. Baird’s price target would indicate a potential upside of 16.92% from the company’s previous close.

AAON has been the topic of several other reports. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and upped their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, Baird R W upgraded AAON to a “hold” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AAON currently has an average rating of “Moderate Buy” and an average target price of $114.33.

AAON Stock Up 4.6 %

Shares of AAON opened at $111.19 on Monday. The stock has a 50 day moving average price of $100.92 and a 200 day moving average price of $89.37. AAON has a one year low of $53.03 and a one year high of $113.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 51.72 and a beta of 0.80.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities research analysts forecast that AAON will post 2.28 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Gary D. Fields sold 20,641 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $5,542,871.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Norman H. Asbjornson sold 11,022 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now owns 5,135 shares in the company, valued at $448,850.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company’s stock.

Institutional Trading of AAON

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ORG Partners LLC acquired a new position in shares of AAON in the second quarter valued at 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 worth $32,000 after acquiring an additional 198 shares during the period. Crewe Advisors LLC purchased a new stake in shares of AAON during the second quarter worth $35,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON in the third quarter valued at $37,000. Finally, Signaturefd LLC boosted its holdings in AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About AAON

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.