Investing in AAON Inc. (AAON) Is Getting More Attractive


In a filing, AAON Inc. revealed its President and CEO Fields Gary D unloaded Company’s shares for reported $2.81 million on Jun 15. In the deal valued at $93.80 per share,30,000 shares were sold. As a result of this transaction, Fields Gary D now holds 39,729 shares worth roughly $ 2.56 million.

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Then, Thompson Rebecca sold 6,900 shares, generating $655,500 in total proceeds. Upon selling the shares at $95.00, the Chief Financial Officer now owns 10,072 shares.

Before that, Kidwell Casey sold 3,197 shares. AAON Inc. shares valued at $303,747 were divested by the VP, Administration at a price of $95.01 per share. As a result of the transaction, Kidwell Casey now holds 2,446 shares, worth roughly $0.16 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.

Price Performance Review of AAON

On Tuesday, AAON Inc. [NASDAQ:AAON] saw its stock fall -2.01% to $64.34. On the same session, the stock had its day’s lowest price of $63.50, but rose to a high of $66.39. Over the last five days, the stock has gained 5.86%. AAON Inc. shares have risen nearly 28.13% since the year began. Nevertheless, the stocks have risen 66.57% over the past one year. While a 52-week high of $71.39 was reached on 08/02/23, a 52-week low of $34.70 was recorded on 01/12/23. SMA at 50 days reached $64.66, while 200 days put it at $59.30. A total of 0.62 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For AAON Stock

The 24-hour chart illustrates a support level at 63.10, which if violated will result in even more drops to 61.85. On the upside, there is a resistance level at 65.99. A further resistance level may holdings at 67.63. The Relative Strength Index (RSI) on the 14-day chart is 52.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.83%. Stochastics %K at 85.98% 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 Aug 14, 2023, dropping by 20000.0 shares to a total of 2.45 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.47 million shares. There was a decline of -0.82%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.43% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.16.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,218,784 shares, or roughly 11.46% of the outstanding AAON shares. In other words, the investor’s shares have risen by 101,696 from its previous 13-F filing of 6117088.0. Additionally, The Vanguard Group, Inc. increased 1.68% of its stake after which the total value it holdings stand at $487,824,628, while Kayne Anderson Rudnick Investment reduced -4.64% of its stake to hold $316.26 million in the firm. Over the last quarter, Conestoga Capital Advisors LLC sold -14,095 shares of AAON Inc., while SSgA Funds Management, Inc. sold 48,058 shares. At present, Dimensional Fund Advisors LP is holding 1,252,448 shares valued at $131.83 million. Geneva Capital Management LLC owned 1,129,309 shares of the company at the time of its most recent 13F filing, worth $118.87 million.

According to FactSet, AAON Inc.’s share price will average $74.44 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.82 percent from its previous closing price of $65.66. Analysts expect AAON Inc. stock to reach the higher price of $80.00, while the lowest price estimate is $64.00. However, 4 analysts have rated AAON stock as an Overweight in their predictions for 2023.


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