FY2025 Earnings Forecast for AAON Issued By William Blair

AAON, Inc. (NASDAQ:AAON - Free Report) - Equities researchers at William Blair lowered their FY2025 earnings per share estimates for AAON in a research report issued on Wednesday, June 4th. William Blair analyst R. Merkel now forecasts that the construction company will earn $2.21 per share for the year, down from their prior estimate of $2.32. The consensus estimate for AAON's current full-year earnings is $2.26 per share.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly 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. The business had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company's revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.

AAON has been the subject of a number of other reports. Wall Street Zen lowered 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 objective for the company in a research note on Friday, February 28th. Robert W. Baird decreased 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. Finally, DA Davidson lowered their price target on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $115.50.

AAON Stock Performance

Shares of NASDAQ AAON opened at $94.85 on Friday. The company has a market cap of $7.72 billion, a P/E ratio of 41.78 and a beta of 1.03. AAON has a 52-week low of $68.98 and a 52-week high of $144.07. 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's fifty day moving average is $91.02 and its two-hundred day moving average is $105.22.

Institutional Investors Weigh In On AAON

A number of hedge funds have recently modified their holdings of AAON. Rakuten Securities Inc. grew its stake in shares of AAON by 613.3% in 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 period. Versant Capital Management Inc lifted its holdings in AAON by 652.3% in the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after acquiring an additional 287 shares during the last quarter. Mather Group LLC. grew its position 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 acquiring an additional 193 shares during the period. Twin Tree Management LP acquired a new stake in AAON during the fourth quarter worth $33,000. Finally, Quarry LP raised its position in AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after purchasing an additional 103 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gordon Douglas Wichman sold 3,975 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $105.75, for a total value of $420,356.25. Following the completion of the sale, the director now directly owns 8,754 shares in the company, valued at $925,735.50. The trade was a 31.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary D. Fields sold 8,357 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $98.66, for a total transaction of $824,501.62. Following the transaction, the chief executive officer now owns 26,491 shares of the company's stock, valued at $2,613,602.06. This represents a 23.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,823 shares of company stock valued at $7,122,451. 18.70% of the stock is owned by company insiders.

AAON declared that its board has approved a share buyback plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. AAON's dividend payout ratio (DPR) is 21.05%.

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.

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