William Blair Issues Positive Forecast for AAON Earnings

AAON, Inc. (NASDAQ:AAON - Free Report) - Stock analysts at William Blair raised their Q2 2025 earnings per share estimates for AAON in a report released on Wednesday, April 9th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $0.62 for the quarter, up from their previous forecast of $0.58. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's Q3 2025 earnings at $0.78 EPS, FY2025 earnings at $2.31 EPS, FY2026 earnings at $3.19 EPS and FY2027 earnings at $4.10 EPS.

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

Remove Ads

AAON Price Performance

AAON stock traded down $1.92 during trading on Friday, reaching $82.09. 831,658 shares of the company were exchanged, compared to its average volume of 722,479. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 36.16 and a beta of 0.96. 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 has a 50-day moving average of $88.74 and a two-hundred day moving average of $110.70. AAON has a twelve month low of $68.98 and a twelve month high of $144.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mather Group LLC. increased its holdings in AAON by 521.6% in the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after purchasing an additional 193 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of AAON during the 4th quarter worth approximately $33,000. Quarry LP increased its stake in shares of AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after acquiring an additional 103 shares in the last quarter. UMB Bank n.a. increased its stake in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock valued at $38,000 after acquiring an additional 131 shares in the last quarter. Finally, Westside Investment Management Inc. acquired a new position in shares of AAON during the 3rd quarter valued at $36,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AAON

In other news, Director David Raymond Stewart bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. This represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 18.55% of the company's stock.

AAON declared that its Board of Directors has initiated a stock buyback 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 purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

AAON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.10 dividend. The ex-dividend date was Tuesday, March 18th. This is a boost from AAON's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.49%. AAON's dividend payout ratio is presently 19.90%.

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.