AAON (NASDAQ:AAON) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen has upgraded AAON from a "sell" to a "hold" rating, while Sidoti raised its rating from "neutral" to "buy" with a target price of $95.00.
• Current consensus on AAON’s stock is a "Buy" with an average target price of $111.50, despite recent share price decline of 2.7%.
• Insider trading shows significant movement, with Director Gordon Douglas Wichman selling 21,302 shares at an average price of $104.48, reducing his ownership by nearly 70.87%.

AAON (NASDAQ:AAON - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Sidoti raised AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a research report on Monday, June 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $111.50.

AAON Trading Down 2.7%

NASDAQ:AAON traded down $2.21 during midday trading on Friday, hitting $80.52. The stock had a trading volume of 1,953,602 shares, compared to its average volume of 1,237,478. AAON has a one year low of $68.98 and a one year high of $144.07. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 42.38 and a beta of 0.94. The stock has a 50-day moving average of $78.96 and a 200 day moving average of $88.47. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29.

Insider Buying and Selling at AAON

In other news, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the sale, the director owned 8,754 shares of the company's stock, valued at $914,617.92. This trade represents a 70.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 18.55% of the stock is owned by insiders.

Institutional Trading of AAON

A number of institutional investors have recently made changes to their positions in the business. Curi RMB Capital LLC boosted its position in shares of AAON by 0.5% in the 4th quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company's stock worth $2,177,000 after purchasing an additional 100 shares in the last quarter. Quarry LP raised its stake in AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after acquiring an additional 103 shares during the last quarter. Parallel Advisors LLC raised its stake in AAON by 26.3% in the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock worth $56,000 after acquiring an additional 149 shares during the last quarter. Cresset Asset Management LLC raised its stake in AAON by 1.3% in the 1st quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company's stock worth $949,000 after acquiring an additional 157 shares during the last quarter. Finally, CWM LLC raised its stake in AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company's stock worth $73,000 after acquiring an additional 192 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

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.