AAON (NASDAQ:AAON) Price Target Raised to $150.00 at DA Davidson

AAON (NASDAQ:AAON) had its target price increased by research analysts at DA Davidson from $102.00 to $150.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. DA Davidson’s price target suggests a potential upside of 8.51% from the company’s current price.

A number of other equities analysts have also commented on AAON. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

AAON Trading Up 16.1 %

Shares of AAON stock opened at $138.24 on Friday. AAON has a 12 month low of $57.19 and a 12 month high of $139.63. The company has a market cap of $11.20 billion, a PE ratio of 62.27 and a beta of 0.79. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $106.07 and its two-hundred day moving average is $91.56.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. AAON’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. Equities analysts predict that AAON will post 2.28 EPS for the current year.

Institutional Trading of AAON

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of AAON by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after purchasing an additional 61,544 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of AAON by 99.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock worth $1,520,000 after acquiring an additional 8,613 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of AAON by 79.8% during the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock worth $5,186,000 after acquiring an additional 26,141 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of AAON by 18.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock valued at $52,226,000 after acquiring an additional 94,026 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in AAON by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after acquiring an additional 6,766 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.