Robert W. Baird Has Lowered Expectations for AAON (NASDAQ:AAON) Stock Price

AAON (NASDAQ:AAON) had its price objective trimmed by Robert W. Baird from $155.00 to $116.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

AAON has been the topic of several other research reports. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Friday. DA Davidson increased their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

AAON Stock Down 2.3 %

AAON opened at $76.80 on Friday. The firm’s 50-day simple moving average is $117.63 and its 200-day simple moving average is $114.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON has a twelve month low of $70.28 and a twelve month high of $144.07. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 33.83 and a beta of 0.87.

Insiders Place Their Bets

In other news, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the transaction, the chief financial officer now owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the transaction, the vice president now directly owns 4,558 shares in the company, valued at $597,052.42. This trade represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mather Group LLC. boosted its stake in shares of AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after purchasing an additional 193 shares during the last quarter. Blue Trust Inc. raised its position in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after acquiring an additional 198 shares during the period. Twin Tree Management LP acquired a new stake in shares of AAON in the 4th quarter valued at approximately $33,000. Westside Investment Management Inc. acquired a new stake in shares of AAON in the 3rd quarter valued at approximately $36,000. Finally, Quarry LP raised its position in shares of AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after acquiring an additional 103 shares during the period. Institutional investors own 70.81% of the company’s stock.

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.