BNP Paribas Financial Markets Buys 3,110 Shares of AAON, Inc. (NASDAQ:AAON)

BNP Paribas Financial Markets increased its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 30.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,415 shares of the construction company's stock after acquiring an additional 3,110 shares during the quarter. BNP Paribas Financial Markets' holdings in AAON were worth $1,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in AAON by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company's stock worth $734,262,000 after acquiring an additional 75,832 shares during the period. JPMorgan Chase & Co. increased its position in AAON by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock worth $351,615,000 after acquiring an additional 150,207 shares during the period. Invesco Ltd. increased its position in AAON by 15.6% during the fourth quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock worth $239,184,000 after acquiring an additional 274,119 shares during the period. Geode Capital Management LLC increased its position in AAON by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company's stock worth $145,692,000 after acquiring an additional 3,644 shares during the period. Finally, Blair William & Co. IL increased its position in AAON by 4.2% during the fourth quarter. Blair William & Co. IL now owns 1,169,782 shares of the construction company's stock worth $137,660,000 after acquiring an additional 47,254 shares during the period. Institutional investors own 70.81% of the company's stock.

Insider Activity

In other AAON news, CEO Gary D. Fields sold 37,189 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the sale, the chief executive officer now owns 63,714 shares of the company's stock, valued at $6,256,714.80. This represents a 36.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Raymond Stewart acquired 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at approximately $242,580. The trade was a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.70% of the stock is owned by corporate insiders.

AAON Trading Up 2.7%

Shares of AAON stock opened at $106.87 on Monday. AAON, Inc. has a 52-week low of $68.98 and a 52-week high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The company's fifty day moving average price is $86.05 and its two-hundred day moving average price is $107.73. The firm has a market capitalization of $8.70 billion, a PE ratio of 47.08 and a beta of 1.06.

AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. During the same quarter in the previous year, the company earned $0.46 EPS. The firm's revenue for the quarter was up 22.9% compared to the same quarter last year. On average, analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON announced that its Board of Directors has approved a share repurchase program on Tuesday, March 4th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. AAON's dividend payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AAON. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Friday, February 28th. StockNews.com lowered shares of AAON from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Robert W. Baird lowered their price target on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Finally, DA Davidson lowered their price target on shares of AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.50.

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.

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