AAON (NASDAQ:AAON) Rating Increased to Strong-Buy at BidaskClub

AAON (NASDAQ:AAON) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday, BidAskClub reports.

Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 1st. ValuEngine lowered shares of AAON from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company’s stock. AAON currently has a consensus rating of “Hold” and a consensus target price of $40.50.

AAON opened at $57.08 on Friday. The stock has a market capitalization of $2.90 billion, a P/E ratio of 59.46 and a beta of 0.93. The company’s 50-day simple moving average is $52.44 and its two-hundred day simple moving average is $49.18. AAON has a 52-week low of $37.40 and a 52-week high of $57.34.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of AAON by 0.8% during the 2nd quarter. BlackRock Inc. now owns 5,940,898 shares of the construction company’s stock valued at $298,114,000 after purchasing an additional 44,527 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of AAON by 11.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,105,611 shares of the construction company’s stock valued at $252,269,000 after purchasing an additional 506,782 shares during the last quarter. State Street Corp increased its position in shares of AAON by 1.7% during the 3rd quarter. State Street Corp now owns 1,204,971 shares of the construction company’s stock valued at $55,356,000 after purchasing an additional 20,572 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of AAON by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,293 shares of the construction company’s stock valued at $15,283,000 after purchasing an additional 2,840 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of AAON by 5.2% during the 4th quarter. Rhumbline Advisers now owns 133,141 shares of the construction company’s stock valued at $6,578,000 after purchasing an additional 6,527 shares during the last quarter. 75.08% of the stock is 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. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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