DA Davidson Lowers AAON (NASDAQ:AAON) Price Target to $105.00

Key Points

• DA Davidson has reduced the price target for AAON from $125.00 to $105.00, while maintaining a "buy" rating, indicating a potential upside of 26.58% from the current price.
• AAON's recent earnings report showed an EPS of $0.22, missing consensus estimates by $0.09, with revenue of $311.57 million which was below analyst expectations.
• Among other analysts, Sidoti upgraded AAON to a "buy" rating with a target of $95.00 and Robert W. Baird set a lower target of $98.00, demonstrating mixed ratings from different firms.

AAON (NASDAQ:AAON - Get Free Report) had its target price lowered by stock analysts at DA Davidson from $125.00 to $105.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. DA Davidson's price target suggests a potential upside of 31.99% from the stock's previous close. DA Davidson also issued estimates for AAON's Q3 2025 earnings at $0.31 EPS, FY2025 earnings at $1.29 EPS and FY2026 earnings at $2.20 EPS.

Other equities analysts have also issued reports about the stock. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target on the stock in a research report on Monday, June 16th. Wall Street Zen upgraded shares of AAON from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Robert W. Baird lowered their price target on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, AAON presently has an average rating of "Buy" and a consensus price target of $102.00.

AAON Price Performance

Shares of NASDAQ AAON traded down $3.56 during trading on Tuesday, hitting $79.55. The company had a trading volume of 1,315,222 shares, compared to its average volume of 1,701,280. The stock has a fifty day simple moving average of $77.55 and a two-hundred day simple moving average of $87.58. AAON has a fifty-two week low of $62.00 and a fifty-two week high of $144.07. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 54.12 and a beta of 0.94. The company has a quick ratio of 1.80, a current ratio of 3.10 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.09). The company had revenue of $311.57 million during the quarter, compared to analyst estimates of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. On average, research analysts expect that AAON will post 2.26 earnings per share for the current year.

Insiders Place Their Bets

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the transaction, the director directly owned 8,754 shares in the company, valued at $914,617.92. The trade was a 70.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 18.70% of the stock is owned by insiders.

Hedge Funds Weigh In On AAON

Institutional investors and hedge funds have recently bought and sold shares of the company. Curi RMB Capital LLC raised its stake in shares of AAON by 0.5% in the 4th quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company's stock valued at $2,177,000 after acquiring an additional 100 shares during the period. Quarry LP raised 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 during the period. Parallel Advisors LLC raised its stake in shares of AAON by 26.3% in the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock valued at $56,000 after acquiring an additional 149 shares during the period. Cresset Asset Management LLC raised its stake in shares of AAON by 1.3% in the 1st quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company's stock valued at $949,000 after acquiring an additional 157 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock valued at $25,000 after acquiring an additional 164 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.