Oppenheimer Asset Management Inc. Purchases 5,676 Shares of AAON, Inc. $AAON

Oppenheimer Asset Management Inc. raised its position in shares of AAON, Inc. (NASDAQ:AAON) by 19.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,300 shares of the construction company’s stock after acquiring an additional 5,676 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AAON were worth $3,298,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AAON. Verdence Capital Advisors LLC boosted its position in shares of AAON by 3.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after purchasing an additional 115 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares during the period. Smartleaf Asset Management LLC lifted its stake in AAON by 14.7% in the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after buying an additional 211 shares during the period. Finally, Cim LLC boosted its holdings in shares of AAON by 4.2% during the 2nd quarter. Cim LLC now owns 5,674 shares of the construction company’s stock worth $418,000 after buying an additional 227 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Stephen E. Wakefield bought 4,141 shares of the stock in a transaction dated Friday, December 12th. The stock was bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the acquisition, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 18.70% of the stock is currently owned by insiders.

AAON Stock Up 3.7%

Shares of NASDAQ:AAON opened at $102.72 on Thursday. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 84.89 and a beta of 1.11. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $116.04. The business’s 50 day moving average is $85.46 and its 200 day moving average is $89.00.

Analysts Set New Price Targets

Several analysts have recently weighed in on AAON shares. Oppenheimer reiterated an “outperform” rating and issued a $115.00 price objective on shares of AAON in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. DA Davidson reiterated a “buy” rating and set a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. Finally, William Blair reissued an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and an average target price of $107.60.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.