DA Davidson Comments on AAON's Q3 Earnings (NASDAQ:AAON)

Key Points

• DA Davidson has issued a "Buy" rating for AAON, with a price target of $105.00 and estimated Q3 2025 earnings of $0.31 per share.
• AAON reported Q2 earnings of $0.22 per share, missing analyst expectations, and generated revenue of $311.57 million, slightly below estimates.
• Institutional investors have significantly increased their stakes in AAON, with notable increases including a 613.3% rise from Rakuten Securities Inc.

AAON, Inc. (NASDAQ:AAON - Free Report) - Investment analysts at DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for shares of AAON in a research report issued on Tuesday, August 12th. DA Davidson analyst B. Thielman anticipates that the construction company will earn $0.31 per share for the quarter. DA Davidson has a "Buy" rating and a $105.00 price target on the stock. The consensus estimate for AAON's current full-year earnings is $2.26 per share.

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). AAON had a net margin of 9.70% and a return on equity of 15.45%. The business had revenue of $311.57 million for the quarter, compared to analyst estimates of $326.15 million. During the same period in the prior year, the company earned $0.62 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis.

Several other brokerages have also issued reports on AAON. Sidoti raised AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a research report on Monday, June 16th. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Robert W. Baird dropped their price target on AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday. One investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $102.00.

AAON Stock Down 4.3%

NASDAQ:AAON traded down $3.56 during mid-day trading on Wednesday, hitting $79.55. 1,315,222 shares of the company's stock traded hands, compared to its average volume of 1,701,280. The company has a fifty day moving average of $77.55 and a 200 day moving average of $87.58. AAON has a twelve month low of $62.00 and a twelve month high of $144.07. The company has a market capitalization of $6.49 billion, a P/E ratio of 54.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 3.10.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, September 5th. AAON's payout ratio is presently 27.21%.

Insiders Place Their Bets

In other news, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the sale, the director owned 8,754 shares in the company, valued at $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 18.70% of the company's stock.

Institutional Trading of AAON

A number of hedge funds have recently modified their holdings of AAON. Champlain Investment Partners LLC purchased a new stake in shares of AAON in the second quarter worth about $87,147,000. Blair William & Co. IL boosted its stake in shares of AAON by 86.2% in the first quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company's stock worth $170,143,000 after buying an additional 1,007,906 shares during the last quarter. Norges Bank purchased a new stake in shares of AAON in the second quarter worth about $51,441,000. Mawer Investment Management Ltd. purchased a new stake in shares of AAON in the first quarter worth about $44,219,000. Finally, Brown Advisory Inc. purchased a new stake in shares of AAON in the first quarter worth about $41,180,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

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.