Checking in on AAON Inc. (AAON) after recent insiders movement


AAON Inc.’s filing revealed that its President and CEO Fields Gary D unloaded Company’s shares for reported $0.39 million on Dec 01. In the deal valued at $78.64 per share,5,000 shares were sold. As a result of this transaction, Fields Gary D now holds 38,189 shares worth roughly $ 3.47 million.

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Then, Thompson Rebecca sold 15,500 shares, generating $1,240,810 in total proceeds. Upon selling the shares at $80.05, the Chief Financial Officer now owns 9,877 shares.

Before that, Fields Gary D sold 11,400 shares. AAON Inc. shares valued at $899,688 were divested by the President and CEO at a price of $78.92 per share. As a result of the transaction, Fields Gary D now holds 38,189 shares, worth roughly $3.47 million.

CJS Securities downgraded its AAON Inc. [AAON] rating to a Market perform from a a Market outperform in a research note published on Tuesday. A number of analysts have revised their coverage, including CJS Securities’s analysts, who began to cover the stock in mid September with a ‘”a Market outperform”‘ rating. DA Davidson also remained covering AAON and has increased its forecast on May 06, 2022 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on March 29, 2022. It rated AAON as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AAON

On Tuesday, AAON Inc. [NASDAQ:AAON] saw its stock jump 11.62% to $90.96. On the same session, the stock had its day’s lowest price of $85.00, but rose to a high of $94.40. Over the last five days, the stock has gained 17.26%. AAON Inc. shares have risen nearly 20.76% since the year began. Nevertheless, the stocks have risen 55.46% over the past one year. While a 52-week high of $83.08 was reached on 02/28/23, a 52-week low of $47.50 was recorded on 01/12/23. SMA at 50 days reached $76.79, while 200 days put it at $64.51. A total of 1.25 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For AAON Stock

The 24-hour chart illustrates a support level at 85.84, which if violated will result in even more drops to 80.72. On the upside, there is a resistance level at 95.24. A further resistance level may holdings at 99.52. The Relative Strength Index (RSI) on the 14-day chart is 76.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.70%. Stochastics %K at 86.53% indicates the stock is a selling.

How much short interest is there in AAON Inc.?

A steep rise in short interest was recorded in AAON Inc. stocks on Jan 30, 2023, dropping by 32430.0 shares to a total of 0.57 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 0.6 million shares. There was a decline of -5.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.53% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.35.

AAON Inc. [AAON] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,185,705 shares, or roughly 11.63% of the outstanding AAON shares. In other words, the investor’s shares have risen by 151,578 from its previous 13-F filing of 6034127.0. Additionally, The Vanguard Group, Inc. increased 1.05% of its stake after which the total value it holdings stand at $344,386,750, while Kayne Anderson Rudnick Investment reduced -8.49% of its stake to hold $247.07 million in the firm. Over the last quarter, Conestoga Capital Advisors LLC sold -15,851 shares of AAON Inc., while SSgA Funds Management, Inc. sold -51,351 shares. At present, Dimensional Fund Advisors LP is holding 1,343,538 shares valued at $102.54 million. Geneva Capital Management LLC owned 1,111,610 shares of the company at the time of its most recent 13F filing, worth $84.84 million.

According to FactSet, AAON Inc.’s share price will average $92.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.71 percent from its previous closing price of $81.49. Analysts expect AAON Inc. stock to reach the higher price of $102.00, while the lowest price estimate is $75.00. However, 3 analysts have rated AAON stock as a Buy in their predictions for 2023.


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