William Blair Weighs in on AAON's Q4 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON - Free Report) - Research analysts at William Blair cut their Q4 2025 earnings per share (EPS) estimates for shares of AAON in a research report issued to clients and investors on Tuesday, March 4th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $0.70 for the quarter, down from their prior estimate of $0.73. The consensus estimate for AAON's current full-year earnings is $2.26 per share.

Several other equities analysts have also issued reports on AAON. 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. Robert W. Baird reduced their price target on AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. StockNews.com cut AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $115.50.

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AAON Stock Performance

NASDAQ AAON traded up $0.82 during trading on Wednesday, hitting $82.07. The company's stock had a trading volume of 1,591,930 shares, compared to its average volume of 647,927. The firm has a 50 day moving average price of $112.28 and a 200 day moving average price of $113.65. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.70 billion, a P/E ratio of 36.15 and a beta of 1.00. AAON has a 52 week low of $69.52 and a 52 week high of $144.07.

AAON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be issued a $0.10 dividend. This is a positive change from AAON's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Tuesday, March 18th. AAON's payout ratio is presently 15.92%.

AAON declared that its Board of Directors has approved a share buyback program on Tuesday, March 4th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the construction company to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at AAON

In other news, VP Stephen E. Wakefield sold 5,362 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the sale, the vice president now directly owns 4,558 shares in the company, valued at approximately $597,052.42. This represents a 54.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 18.55% of the company's stock.

Hedge Funds Weigh In On AAON

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 75,832 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in AAON by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after purchasing an additional 150,207 shares during the last quarter. Invesco Ltd. raised its stake in shares of AAON by 15.6% in the 4th quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock valued at $239,184,000 after acquiring an additional 274,119 shares during the period. State Street Corp increased its stake in AAON by 0.6% during the 3rd quarter. State Street Corp now owns 1,977,531 shares of the construction company's stock worth $213,257,000 after buying an additional 12,502 shares during the period. Finally, Wasatch Advisors LP increased its position in shares of AAON by 39.1% in the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company's stock valued at $201,310,000 after purchasing an additional 525,132 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.