AAON, Inc. (NASDAQ:AAON - Free Report) - William Blair reduced their FY2024 EPS estimates for AAON in a research report issued to clients and investors on Thursday, November 7th. William Blair analyst R. Merkel now anticipates that the construction company will earn $2.28 per share for the year, down from their previous estimate of $2.33. The consensus estimate for AAON's current full-year earnings is $2.28 per share. William Blair also issued estimates for AAON's Q4 2024 earnings at $0.56 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $0.88 EPS and FY2025 earnings at $3.20 EPS.
AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. AAON's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share.
Several other equities analysts have also recently commented on AAON. DA Davidson raised their target price on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday. Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 28th. Robert W. Baird boosted their target price on shares of AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday. StockNews.com raised shares of AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Finally, Sidoti downgraded shares of AAON from a "buy" rating to a "neutral" rating and upped their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AAON presently has an average rating of "Moderate Buy" and an average target price of $133.00.
View Our Latest Stock Report on AAON
AAON Stock Performance
Shares of AAON stock traded up $2.51 during trading hours on Monday, reaching $140.75. The company's stock had a trading volume of 647,050 shares, compared to its average volume of 604,650. The company's 50 day simple moving average is $106.07 and its 200 day simple moving average is $91.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. AAON has a one year low of $57.56 and a one year high of $144.07. The stock has a market cap of $11.40 billion, a P/E ratio of 62.24 and a beta of 0.79.
Institutional Investors Weigh In On AAON
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in AAON during the third quarter worth $537,000. Advisors Asset Management Inc. lifted its stake in AAON by 208.0% during the third quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company's stock worth $79,000 after purchasing an additional 493 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in AAON during the third quarter worth $1,285,000. Pathstone Holdings LLC lifted its stake in AAON by 72.4% during the third quarter. Pathstone Holdings LLC now owns 16,356 shares of the construction company's stock worth $1,764,000 after purchasing an additional 6,869 shares during the last quarter. Finally, RiverPark Advisors LLC lifted its stake in AAON by 221.1% during the third quarter. RiverPark Advisors LLC now owns 2,845 shares of the construction company's stock worth $307,000 after purchasing an additional 1,959 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.
AAON Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, September 6th. AAON's payout ratio is presently 14.10%.
About AAON
(
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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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