Notable Mover: Does AAON, Inc. Have More Gas After Touching 52-Week High?

Notable Mover: Does AAON, Inc. Have More Gas After Touching 52 Week High?

The stock of AAON, Inc. (NASDAQ:AAON) hit a new 52-week high and has $42.37 target or 32.00% above today’s $32.10 share price. The 6 months bullish chart indicates low risk for the $1.73 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $42.37 price target is reached, the company will be worth $553.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 126,308 shares traded hands. AAON, Inc. (NASDAQ:AAON) has risen 14.43% since April 11, 2016 and is uptrending. It has outperformed by 8.28% the S&P500.

AAON, Inc. (NASDAQ:AAON) Ratings Coverage

Out of 2 analysts covering AAON Inc (NASDAQ:AAON), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $30 is the highest target while $21 is the lowest. The $25.50 average target is -20.56% below today’s ($32.1) stock price. AAON Inc has been the topic of 2 analyst reports since January 12, 2016 according to StockzIntelligence Inc.

According to Zacks Investment Research, “Aaon Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Its products serve the new construction and replacement markets. The Company has successfully gained market share through its semi-custom product lines, which offer the customer value, quality, function, serviceability and efficiency.”

Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.07, from 1.46 in 2016Q1. The ratio increased, as 14 funds sold all AAON, Inc. shares owned while 31 reduced positions. 15 funds bought stakes while 54 increased positions. They now own 29.96 million shares or 4.00% less from 31.21 million shares in 2016Q1.
The California-based Gemmer Asset Management Ltd Llc has invested 0% in AAON, Inc. (NASDAQ:AAON). Td Asset Mgmt Inc accumulated 0% or 18,100 shares. Schwab Charles Invest Mgmt Inc holds 140,273 shares or 0% of its portfolio. Tompkins Corporation holds 0% of its portfolio in AAON, Inc. (NASDAQ:AAON) for 157 shares. The Illinois-based Ubs Asset Mgmt Americas Inc has invested 0% in AAON, Inc. (NASDAQ:AAON). Royal Bancshares Of Canada last reported 0% of its portfolio in the stock. Raymond James And Associate accumulated 8,509 shares or 0% of the stock. Renaissance Techs Limited Company has 0.03% invested in the company for 614,732 shares. Moreover, Citigroup Inc has 0% invested in AAON, Inc. (NASDAQ:AAON) for 19,081 shares. New York State Common Retirement Fund holds 41,500 shares or 0% of its portfolio. Next Gp accumulated 36 shares or 0% of the stock. Hartford Inv last reported 134,169 shares in the company. The Oklahoma-based Inc Ok has invested 0.01% in AAON, Inc. (NASDAQ:AAON). The Australia-based Macquarie Group Ltd has invested 0.05% in AAON, Inc. (NASDAQ:AAON). Qs Invsts Ltd Liability accumulated 0% or 20 shares.

Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 1 insider sale for $50,176 net activity. Thompson Rebecca had sold 1,792 shares worth $50,176.

More news for AAON, Inc. (NASDAQ:AAON) were recently published by: Streetinsider.com, which released: “Form 4 AAON INC For: Nov 09 Filed by: ASBJORNSON NORMAN H” on November 10, 2016. Equitiesfocus.com‘s article titled: “AAON, Inc. (NASDAQ:AAON) Reports Basic Consolidated EPS At $0.8461” and published on November 11, 2016 is yet another important article.

AAON Company Profile

AAON, Inc. (AAON), incorporated on August 18, 1987, is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils. The Company’s products serve the commercial, and industrial new construction and replacement markets. The Company’s rooftop and condenser unit markets consist of units installed on commercial or industrial structures of over 10 stories in height. The Company’s air handling units, self-contained units, chillers, packaged outdoor mechanical rooms and coils are applicable to all sizes of commercial and industrial buildings. The replacement market consists of products installed to replace existing units/components that are worn or damaged. The Company’s operating subsidiaries are AAON, Inc. and AAON Coil Products, Inc. It markets its products to over 50 states in the United States and certain provinces in Canada.

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