DA Davidson Predicts AAON's Q2 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON - Free Report) - Equities research analysts at DA Davidson dropped their Q2 2025 earnings per share (EPS) estimates for shares of AAON in a research report issued on Thursday, June 12th. DA Davidson analyst B. Thielman now expects that the construction company will earn $0.32 per share for the quarter, down from their prior estimate of $0.41. DA Davidson currently has a "Buy" rating and a $125.00 target price on the stock. The consensus estimate for AAON's current full-year earnings is $2.26 per share. DA Davidson also issued estimates for AAON's FY2025 earnings at $2.02 EPS.

AAON has been the subject of a number of other research reports. Wall Street Zen downgraded AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Friday, February 28th. Finally, Robert W. Baird dropped their target price on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AAON presently has an average rating of "Moderate Buy" and an average price target of $115.50.

AAON Stock Down 1.6%

Shares of NASDAQ:AAON traded down $1.16 during trading on Friday, reaching $72.99. The stock had a trading volume of 1,011,451 shares, compared to its average volume of 678,627. The firm's 50-day simple moving average is $91.64 and its 200 day simple moving average is $103.46. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON has a one year low of $68.98 and a one year high of $144.07. The company has a market capitalization of $5.94 billion, a P/E ratio of 32.15 and a beta of 1.03.

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

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, June 6th. AAON's dividend payout ratio is presently 21.05%.

AAON announced that its board has approved a stock buyback program on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Insider Activity

In related news, CEO Gary D. Fields sold 8,357 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $98.66, for a total value of $824,501.62. Following the sale, the chief executive officer now owns 26,491 shares in the company, valued at $2,613,602.06. This represents a 23.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the sale, the director now owns 8,754 shares of the company's stock, valued at approximately $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,823 shares of company stock valued at $7,122,451. Company insiders own 18.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. raised its stake in shares of AAON by 613.3% during the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after buying an additional 276 shares during the last quarter. Versant Capital Management Inc grew its holdings in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after acquiring an additional 287 shares during the period. Twin Tree Management LP acquired a new stake in AAON during the fourth quarter worth about $33,000. Quarry LP raised its position in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after acquiring an additional 103 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in AAON in the fourth quarter valued at approximately $42,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.