William Blair Weighs in on AAON's Q2 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON - Free Report) - Stock analysts at William Blair cut their Q2 2025 EPS estimates for AAON in a research note issued to investors on Wednesday, April 2nd. William Blair analyst R. Merkel now forecasts that the construction company will earn $0.58 per share for the quarter, down from their previous forecast of $0.59. 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 $0.77 EPS, FY2025 earnings at $2.28 EPS, Q1 2026 earnings at $0.61 EPS, Q2 2026 earnings at $0.83 EPS and Q4 2026 earnings at $0.78 EPS.

AAON has been the subject of a number of other reports. CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Friday, February 28th. StockNews.com lowered AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. DA Davidson dropped their price target on AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Robert W. Baird reduced their price objective on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AAON presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.50.

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AAON Stock Up 4.7 %

Shares of AAON traded up $3.74 during midday trading on Monday, hitting $84.16. The company had a trading volume of 882,327 shares, compared to its average volume of 720,440. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 37.08 and a beta of 0.96. The company's 50 day moving average price is $89.90 and its 200 day moving average price is $110.99. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON has a 52 week low of $68.98 and a 52 week high of $144.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in shares of AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after buying an additional 287 shares during the last quarter. Mather Group LLC. increased its position in AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock valued at $27,000 after acquiring an additional 193 shares during the period. Twin Tree Management LP acquired a new stake in AAON in the 4th quarter valued at approximately $33,000. Westside Investment Management Inc. acquired a new position in AAON during the 3rd quarter worth $36,000. Finally, Quarry LP boosted its position in AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after acquiring an additional 103 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David Raymond Stewart purchased 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the transaction, the director now owns 3,000 shares of the company's stock, valued at approximately $242,580. The trade was a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 18.55% of the company's stock.

AAON declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

AAON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from AAON's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. 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.