BNP Paribas Financial Markets Increases Position in AAON, Inc. (NASDAQ:AAON)

BNP Paribas Financial Markets raised its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 99.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,305 shares of the construction company’s stock after buying an additional 5,133 shares during the period. BNP Paribas Financial Markets’ holdings in AAON were worth $1,111,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AAON. ORG Partners LLC purchased a new stake in shares of AAON in the second quarter valued at approximately $29,000. Blue Trust Inc. boosted its holdings in shares of AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares during the period. Crewe Advisors LLC purchased a new stake in shares of AAON in the second quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new stake in shares of AAON in the third quarter valued at approximately $37,000. Finally, Signaturefd LLC boosted its holdings in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $129.17 on Wednesday. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 56.90 and a beta of 0.83. AAON, Inc. has a 52 week low of $64.53 and a 52 week high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $122.37 and a 200 day moving average of $99.94.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, sell-side analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, November 29th. AAON’s payout ratio is presently 14.10%.

Insider Transactions at AAON

In other news, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the transaction, the vice president now directly owns 9,920 shares in the company, valued at approximately $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,967 shares of company stock valued at $6,961,357. Corporate insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAON. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Robert W. Baird boosted their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.