AAON (AAON) Stock Price, News & Analysis

Company Overview

AAON, Inc. (NASDAQ:AAON) is a U.S.-based designer and manufacturer of premium heating, ventilation and air conditioning (HVAC) equipment. The company specializes in semi-custom rooftop units, chillers, heat pumps, air handlers and coil products tailored to commercial and industrial applications. AAON’s modular approach enables customers to specify precise configurations for energy efficiency, indoor air quality and system reliability across a broad range of building types, including offices, schools, hospitals and data centers.

Founded in 1987 and headquartered in Tulsa, Oklahoma, AAON has grown through a focus on engineering innovation and manufacturing excellence. The company operates multiple production facilities in the United States and Canada, supported by strategically located sales and distribution centers to serve customers throughout North America. AAON’s vertically integrated manufacturing model—including metal fabrication, coil winding and electronics assembly—allows it to maintain quality control while responding quickly to evolving market demands and regulatory standards.

AAON emphasizes continuous improvement and sustainability in product design, incorporating advanced controls, variable-speed compressors and heat recovery options to optimize energy consumption. Its research and development teams collaborate closely with architects, engineers and facility managers to address specific performance requirements, environmental considerations and total cost of ownership concerns.

Under the leadership of President and Chief Executive Officer Michael D. Vaillancourt, AAON continues to invest in new technologies, operational efficiencies and workforce development. By balancing customer-driven customization with scalable production capabilities, the company aims to maintain its reputation for quality, innovation and responsiveness in the competitive HVAC marketplace.

Key Stats

• Today's Range: $74.82 to $76.26
• 50-Day Range: $71.78 to $106.87
• 52-Week Range: $68.98 to $144.07
• Volume: 439,959 shs
• Average Volume: 656,652 shs
• Market Capitalization: $6.12 billion
• P/E Ratio: 39.58
• Dividend Yield: 0.53%
• Price Target: $111.50
• Consensus Rating: Buy

AAON Stock Analysis - MarketRank™

AAON scored higher than 96% of companies evaluated by MarketBeat, and ranked 19th out of 297 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

AAON has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

AAON has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 29.65%

Earnings Growth

Earnings for AAON are expected to grow by 29.65% in the coming year, from $2.26 to $2.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AAON is 39.58, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of AAON is 39.58, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 16.66.

Price to Book Value per Share Ratio

AAON has a P/B Ratio of 7.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.28% of the float of AAON has been sold short.

Short Interest Ratio / Days to Cover

AAON has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AAON has recently increased by 1.07%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

AAON has a dividend yield of 0.53%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

AAON has only been increasing its dividend for 2 years.

Dividend Coverage

The dividend payout ratio of AAON is 21.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, AAON will have a dividend payout ratio of 13.65% next year. This indicates that AAON will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -2.68

Percentage of Shares Shorted

4.28% of the float of AAON has been sold short.

Short Interest Ratio / Days to Cover

AAON has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AAON has recently increased by 1.07%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.84

News Sentiment

AAON has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for AAON this week, compared to 9 articles on an average week.

Search Interest

11 people have searched for AAON on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added AAON to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AAON insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,122,451.00 in company stock.

Percentage Held by Insiders

18.70% of the stock of AAON is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

70.81% of the stock of AAON is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AAON Stock Analysis - Frequently Asked Questions

How have AAON shares performed this year?

AAON's stock was trading at $117.68 on January 1st, 2025. Since then, AAON stock has decreased by 36.1% and is now trading at $75.1950.

How were AAON's earnings last quarter?

AAON, Inc. (NASDAQ:AAON) announced its earnings results on Wednesday, April, 30th. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. The company's revenue for the quarter was up 22.9% on a year-over-year basis.
Read the conference call transcript.

When did AAON's stock split?

AAON shares split on Thursday, August 17th 2023.The 3-2 split was announced on Friday, July 7th 2023. The newly created shares were payable to shareholders after the market closes on Wednesday, August 16th 2023. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Is AAON doing a stock buyback?

AAON's Board of Directors initiated a share repurchase program on Tuesday, March 4th 2025, which permits the company to buy back $30,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Does AAON have any subsidiaries?

AAON subsidiaries include these companies: BASX Solutions, AAON Coil Products Inc Texas, and AAON Inc Oklahoma.

How do I buy shares of AAON?

Shares of AAON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of AAON own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AAON investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and Southern First Bancshares (SFST).

Company Calendar

• Last Earnings: 4/30/2025
• Record date for 6/27 Dividend: 6/06/2025
• Ex-Dividend for 6/27 Dividend: 6/06/2025
• Dividend Payable: 6/27/2025
• Today: 7/04/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: BLDG PRD - AIR/HT
• Sub-Industry: Building Products
• Current Symbol: NASDAQ:AAON
• CIK: 824142
• Web: www.aaon.com
• Phone: (918) 583-2266
• Fax: 918-583-6094
• Employees: 4,812
• Year Founded: 1988

Price Target and Rating

• Average Stock Price Target: $111.50
• High Stock Price Target: $125.00
• Low Stock Price Target: $95.00
• Potential Upside/Downside: +48.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.90
• Trailing P/E Ratio: 39.58
• Forward P/E Ratio: 33.27
• P/E Growth: N/A
• Net Income: $168.56 million
• Net Margins: 12.60%
• Pretax Margin: 15.25%
• Return on Equity: 20.23%
• Return on Assets: 14.23%

Debt

• Debt-to-Equity Ratio: 0.29
• Current Ratio: 2.77
• Quick Ratio: 1.80

Sales & Book Value

• Annual Sales: $1.26 billion
• Price / Sales: 4.85
• Cash Flow: $2.85 per share
• Price / Cash Flow: 26.41
• Book Value: $10.15 per share
• Price / Book: 7.41

Miscellaneous

• Outstanding Shares: 81,366,000
• Free Float: 66,151,000
• Market Cap: $6.12 billion
• Optionable: Optionable
• Beta: 0.95