AAON, Inc. $AAON Shares Purchased by New York State Teachers Retirement System

Key Points

• Institutional ownership: New York State Teachers Retirement System boosted its AAON stake 36.3% to 38,642 shares (~$2.95M), while other large funds (notably Wellington) also materially increased positions, leaving institutions with about 70.81% of the company.
• Record Q1 results and raised guidance: AAON reported revenue of $496.9M (+54% YoY) and EPS $0.48 (beat estimates), noted backlog up ~107% to $2.1B, and raised full‑year guidance targeting ~40–45% revenue growth and ~27–28% gross margins.
• Insider selling and valuation risk: Insiders sold roughly 37,118 shares (~$3.67M) over the last 90 days, and the stock trades at a high trailing P/E (~99x), highlighting potential governance and execution/valuation concerns despite strong results.

New York State Teachers Retirement System raised its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,642 shares of the construction company's stock after purchasing an additional 10,300 shares during the quarter. New York State Teachers Retirement System's holdings in AAON were worth $2,946,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AAON. Wellington Management Group LLP grew its position in shares of AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company's stock worth $442,896,000 after acquiring an additional 3,966,088 shares in the last quarter. Champlain Investment Partners LLC boosted its position in AAON by 96.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company's stock valued at $216,811,000 after purchasing an additional 1,138,658 shares during the period. First Trust Advisors LP raised its stake in AAON by 136.4% during the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company's stock valued at $180,675,000 after acquiring an additional 1,115,566 shares in the last quarter. Bamco Inc. NY bought a new stake in AAON during the 3rd quarter valued at $67,922,000. Finally, Capital World Investors bought a new stake in AAON during the 3rd quarter valued at $49,462,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Buying and Selling

In related news, CAO Rebecca Thompson sold 400 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $100.27, for a total transaction of $40,108.00. Following the sale, the chief accounting officer directly owned 27,681 shares in the company, valued at $2,775,573.87. This represents a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Casey Kidwell sold 5,225 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total value of $470,250.00. Following the sale, the insider owned 12,662 shares in the company, valued at approximately $1,139,580. This trade represents a 29.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 37,118 shares of company stock worth $3,665,241. 18.09% of the stock is owned by corporate insiders.

AAON Price Performance

Shares of NASDAQ:AAON opened at $129.25 on Friday. The business has a 50 day moving average price of $90.23 and a 200 day moving average price of $90.83. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $149.00. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 99.42, a PEG ratio of 3.07 and a beta of 1.24. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.17. AAON had a return on equity of 13.13% and a net margin of 7.46%.The firm had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm's revenue for the quarter was up 54.3% compared to the same quarter last year. Research analysts predict that AAON, Inc. will post 2 earnings per share for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON's dividend payout ratio is 30.77%.

Analysts Set New Price Targets

A number of analysts have recently commented on AAON shares. Oppenheimer reissued an "outperform" rating and issued a $118.00 price objective (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. DA Davidson reaffirmed a "buy" rating and set a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. William Blair reiterated an "outperform" rating on shares of AAON in a report on Monday, March 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of AAON in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, AAON has a consensus rating of "Moderate Buy" and a consensus price target of $107.75.

Trending Headlines about AAON

Here are the key news stories impacting AAON this week:

• Positive Sentiment: Company reported record Q1 results: revenue $496.9M (+54% YoY), EPS $0.48 (beat), operating leverage beginning to show, backlog up ~107% to $2.1B, and management raised full‑year guidance (now targeting ~40–45% revenue growth and ~27–28% gross margins). This directly supports stronger near‑term cash flow and explains investor enthusiasm. PR Newswire Release
• Positive Sentiment: Market reaction and commentary emphasize surging data‑center demand as a key growth driver and the “catalyst” behind today’s move — investors are rewarding the combination of outsized beat, backlog visibility, and capacity expansion. Fool Article
• Positive Sentiment: Q1 results cleared consensus by a wide margin (Zacks/other wire coverage): EPS and revenue both beat street estimates, reinforcing the credibility of the raised outlook and improving short‑term fundamentals. Zacks
• Neutral Sentiment: Wall Street coverage: William Blair reiterated a Buy rating citing BASX-driven growth and margin recovery potential but left an unchanged $98 price target (below current market levels), indicating some analyst conservatism despite the positive results. TipRanks Analyst Note
• Neutral Sentiment: Earnings call transcript is available for detail on backlog composition, capacity expansion timing, and margin cadence — useful for investors wanting to vet management’s assumptions behind the raised guide. Earnings Call Transcript
• Negative Sentiment: Insider selling and mixed institutional moves were highlighted in coverage (multiple executive sales reported), which could raise governance/near‑term sentiment questions for some investors. Quiver Quant
• Negative Sentiment: Valuation/risk: share price now implies significantly more growth; AAON trades at a high trailing P/E and investors should weigh margin sustainability and execution risk as the company ramps capacity. MarketBeat Profile

AAON Profile

AAON, Inc NASDAQ: AAON is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company's product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON's core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.

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