Fintel reports that on July 24, 2024, Baird initiated coverage of AAON (NasdaqGS:AAON) with a Neutral recommendation.
Analyst Price Forecast Suggests 13.89% Upside
As of July 24, 2024, the average one-year price target for AAON is $96.56/share. The forecasts range from a low of $80.80 to a high of $107.10. The average price target represents an increase of 13.89% from its latest reported closing price of $84.78 / share.
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The projected annual revenue for AAON is 1,127MM, a decrease of 3.23%. The projected annual non-GAAP EPS is 2.95.
What is the Fund Sentiment?
There are 688 funds or institutions reporting positions in AAON. This is an increase of 44 owner(s) or 6.83% in the last quarter. Average portfolio weight of all funds dedicated to AAON is 0.30%, an increase of 10.76%. Total shares owned by institutions decreased in the last three months by 0.07% to 73,306K shares. 
The put/call ratio of AAON is 1.17, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,560K shares representing 5.55% ownership of the company. In its prior filing, the firm reported owning 4,510K shares , representing an increase of 1.10%. The firm increased its portfolio allocation in AAON by 15.50% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 3,974K shares representing 4.83% ownership of the company. In its prior filing, the firm reported owning 4,160K shares , representing a decrease of 4.68%. The firm decreased its portfolio allocation in AAON by 26.33% over the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 2,831K shares representing 3.44% ownership of the company. In its prior filing, the firm reported owning 2,927K shares , representing a decrease of 3.39%. The firm increased its portfolio allocation in AAON by 12.30% over the last quarter.
Conestoga Capital Advisors holds 2,574K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 3,354K shares , representing a decrease of 30.31%. The firm decreased its portfolio allocation in AAON by 11.82% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,060K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 2,065K shares , representing a decrease of 0.24%. The firm increased its portfolio allocation in AAON by 8.47% over the last quarter.
AAON Background Information
(This description is provided by the company.)
AAON, Inc. is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils and controls. Since the founding of AAON in 1988, AAON has maintained a commitment to design, develop, manufacture and deliver heating and cooling products to perform beyond all expectations and demonstrate the value of AAON to its customers.
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This story originally appeared on Fintel.
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