AAON (NASDAQ:AAON) Price Target Raised to $138.00

AAON (NASDAQ:AAON) had its price target increased by investment analysts at Robert W. Baird from $130.00 to $138.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target indicates a potential upside of 13.12% from the company’s previous close.

Several other equities research analysts have also weighed in on AAON. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AAON has an average rating of “Moderate Buy” and a consensus price target of $117.00.

AAON Price Performance

Shares of NASDAQ AAON opened at $121.99 on Friday. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 53.65 and a beta of 0.79. The stock has a fifty day simple moving average of $105.21 and a two-hundred day simple moving average of $91.18. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON has a 1-year low of $57.19 and a 1-year high of $122.97.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. NBC Securities Inc. boosted its stake in AAON by 4.5% during the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock valued at $388,000 after buying an additional 156 shares during the period. Ascent Wealth Partners LLC boosted its position in shares of AAON by 1.1% during the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after acquiring an additional 178 shares during the last quarter. Blue Trust Inc. grew its holdings 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 purchasing an additional 198 shares in the last quarter. New York State Teachers Retirement System raised its stake in AAON by 1.0% in the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock valued at $2,083,000 after purchasing an additional 200 shares in the last quarter. Finally, Signaturefd LLC lifted its position in AAON by 63.5% during 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 last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.