AAON, Inc. (NASDAQ:AAON) Stake Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 99.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 hedge funds also recently bought and sold shares of AAON. ORG Partners LLC purchased a new position in AAON during the second quarter worth $29,000. Blue Trust Inc. grew its position 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 $35,000. ORG Wealth Partners LLC purchased a new stake in shares of AAON in the third quarter valued at $37,000. Finally, Signaturefd LLC grew its position 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.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, VP Casey Kidwell sold 4,796 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company's stock, valued at $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Rebecca Thompson sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the transaction, the chief financial officer now directly owns 17,297 shares of the company's stock, valued at $2,386,986. This trade represents a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,967 shares of company stock worth $6,961,357. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Up 2.5 %

Shares of AAON traded up $3.19 during midday trading on Wednesday, reaching $132.36. 389,679 shares of the company were exchanged, compared to its average volume of 591,896. The stock has a 50-day moving average price of $122.37 and a 200-day moving average price of $99.94. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 56.90 and a beta of 0.83. AAON, Inc. has a 1-year low of $64.53 and a 1-year high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $327.25 million for the quarter, compared to analysts' expectations of $315.80 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company's revenue was up 4.9% compared to the same quarter last year. Research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON's dividend payout ratio (DPR) is 14.10%.

About AAON

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.