DA Davidson Weighs in on AAON's Q4 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON - Free Report) - Research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of AAON in a research report issued on Monday, November 11th. DA Davidson analyst B. Thielman expects that the construction company will earn $0.51 per share for the quarter. DA Davidson has a "Buy" rating and a $150.00 price objective on the stock. The consensus estimate for AAON's current full-year earnings is $2.26 per share. DA Davidson also issued estimates for AAON's FY2025 earnings at $2.73 EPS.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Sidoti downgraded shares of AAON from a "buy" rating to a "neutral" rating and raised their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Finally, Robert W. Baird lifted their price objective on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $133.00.

AAON Stock Down 2.3 %

Shares of NASDAQ:AAON traded down $3.26 during trading on Tuesday, hitting $137.49. 329,248 shares of the company were exchanged, compared to its average volume of 603,283. The firm's 50 day moving average price is $106.97 and its 200-day moving average price is $91.93. AAON has a 12-month low of $57.56 and a 12-month high of $144.07. The stock has a market capitalization of $11.14 billion, a P/E ratio of 62.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70.

AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 25.34%. The company had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. During the same period in the previous year, the firm earned $0.64 earnings per share. AAON's quarterly revenue was up 4.9% compared to the same quarter last year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, September 6th. AAON's dividend payout ratio (DPR) is 14.10%.

Institutional Trading of AAON

Several institutional investors have recently added to or reduced their stakes in AAON. ORG Partners LLC bought a new stake in shares of AAON in the 2nd quarter valued at about $29,000. Blue Trust Inc. increased 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 worth $32,000 after buying an additional 198 shares during the period. Crewe Advisors LLC purchased a new position in AAON during the 2nd quarter valued at about $35,000. ORG Wealth Partners LLC bought a new stake in AAON during the 3rd quarter valued at approximately $37,000. Finally, Signaturefd LLC raised its holdings in AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after acquiring an additional 238 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

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.