DA Davidson Predicts AAON's FY2025 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON - Free Report) - Investment analysts at DA Davidson reduced their FY2025 EPS estimates for shares of AAON in a research report issued to clients and investors on Friday, May 2nd. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of $2.06 for the year, down from their previous estimate of $2.08. DA Davidson currently has a "Buy" rating and a $125.00 price target on the stock. The consensus estimate for AAON's current full-year earnings is $2.26 per share.

AAON has been the topic of several other research reports. StockNews.com cut shares of AAON from a "hold" rating to a "sell" rating in a report on Friday, February 28th. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Friday, February 28th. Finally, Robert W. Baird lowered their price objective on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

AAON Trading Down 0.3 %

AAON traded down $0.26 on Monday, hitting $99.17. 170,306 shares of the company were exchanged, compared to its average volume of 669,741. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The firm has a fifty day simple moving average of $83.17 and a two-hundred day simple moving average of $108.13. The stock has a market capitalization of $8.06 billion, a PE ratio of 43.69 and a beta of 1.06. AAON has a 12 month low of $68.98 and a 12 month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13. The firm had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company's quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share.

AAON declared that its board has initiated a stock buyback plan on Tuesday, March 4th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the construction company to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued.

AAON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.10 per share. This is an increase from AAON's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Tuesday, March 18th. AAON's payout ratio is presently 21.05%.

Insiders Place Their Bets

In other news, Director David Raymond Stewart acquired 1,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $80.86 per share, with a total value of $80,860.00. Following the transaction, the director now owns 3,000 shares in the company, valued at $242,580. The trade was a 50.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 37,189 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the transaction, the chief executive officer now owns 63,714 shares in the company, valued at $6,256,714.80. This trade represents a 36.86 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.70% of the company's stock.

Institutional Investors Weigh In On AAON

Hedge funds have recently made changes to their positions in the company. Mather Group LLC. raised 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 bought a new position in shares of AAON in the 4th quarter worth about $33,000. Quarry LP lifted its position in AAON by 49.0% during 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. Rakuten Securities Inc. boosted its stake in AAON by 613.3% during the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after acquiring an additional 276 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock worth $38,000 after purchasing an additional 131 shares during the period. 70.81% of the stock is currently owned by institutional investors.

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.