AAON (NASDAQ:AAON) Sees Large Volume Increase – Should You Buy?

AAON, Inc. (NASDAQ:AAON) shares saw strong trading volume on Friday . 972,996 shares were traded during trading, an increase of 58% from the previous session’s volume of 617,394 shares.The stock last traded at $76.88 and had previously closed at $78.64.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com cut shares of AAON from a “hold” rating to a “sell” rating in a research note on Friday. Robert W. Baird cut their target price on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday. CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Friday. Finally, DA Davidson cut their target price on shares of AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Trading Down 2.3 %

The company has a market cap of $6.24 billion, a price-to-earnings ratio of 33.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The business’s 50 day moving average price is $116.69 and its 200-day moving average price is $114.00.

Insider Activity

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

Institutional Investors Weigh In On AAON

Large investors have recently made changes to their positions in the company. Mather Group LLC. grew its holdings in shares of AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of AAON in the 4th quarter worth about $33,000. Blue Trust Inc. grew its holdings in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the last quarter. Quarry LP grew its holdings in shares of AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after purchasing an additional 103 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after purchasing an additional 131 shares during the last quarter. 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.