BNP Paribas Financial Markets Buys 164,894 Shares of AAON, Inc. $AAON

BNP Paribas Financial Markets increased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 1,582.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 175,312 shares of the construction company’s stock after acquiring an additional 164,894 shares during the quarter. BNP Paribas Financial Markets’ holdings in AAON were worth $13,368,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Jackson Square Partners LLC grew its holdings in shares of AAON by 195.8% in the third quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock worth $12,496,000 after acquiring an additional 88,516 shares during the period. Moore Capital Management LP bought a new stake in shares of AAON in the third quarter worth $13,959,000. Comerica Bank grew its holdings in shares of AAON by 23.7% in the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock worth $18,183,000 after acquiring an additional 45,660 shares during the period. First Trust Advisors LP grew its holdings in shares of AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after acquiring an additional 1,115,566 shares during the period. Finally, Champlain Investment Partners LLC grew its holdings in shares of AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after acquiring an additional 1,138,658 shares during the period. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

NASDAQ AAON opened at $132.62 on Monday. The company has a market capitalization of $10.86 billion, a PE ratio of 92.74, a price-to-earnings-growth ratio of 3.71 and a beta of 1.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The business’s fifty day moving average is $110.72 and its 200 day moving average is $96.45. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $150.46.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The firm had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Sell-side analysts predict that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s dividend payout ratio is 27.97%.

Analysts Set New Price Targets

AAON has been the subject of several research analyst reports. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a report on Friday, May 8th. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, William Blair reiterated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $107.75.

Insiders Place Their Bets

In other news, CAO Rebecca Thompson sold 21,914 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $100.21, for a total value of $2,196,001.94. Following the completion of the transaction, the chief accounting officer owned 27,681 shares of the company’s stock, valued at $2,773,913.01. This represents a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Casey Kidwell sold 5,225 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $90.00, for a total value of $470,250.00. Following the completion of the transaction, the insider directly owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. This trade represents a 29.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 155,698 shares of company stock worth $19,986,463. 18.09% of the stock is currently owned by insiders.

AAON Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.