Brokers Issue Forecasts for AAON, Inc.'s FY2024 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON - Free Report) - Stock analysts at William Blair lowered their FY2024 EPS estimates for shares of AAON in a report issued on Tuesday, May 14th. William Blair analyst R. Merkel now expects that the construction company will post earnings of $2.22 per share for the year, down from their prior estimate of $2.25. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for AAON's current full-year earnings is $2.23 per share. William Blair also issued estimates for AAON's FY2025 earnings at $2.83 EPS.

AAON Stock Performance

NASDAQ:AAON traded down $0.96 during midday trading on Thursday, reaching $74.86. 687,071 shares of the stock traded hands, compared to its average volume of 646,233. The stock has a market capitalization of $6.15 billion, a P/E ratio of 34.88 and a beta of 0.88. The company has a fifty day moving average of $85.09 and a 200 day moving average of $75.75. AAON has a 12 month low of $52.24 and a 12 month high of $96.34.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). The business had revenue of $262.10 million during the quarter, compared to the consensus estimate of $284.76 million. AAON had a return on equity of 25.84% and a net margin of 15.44%. The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, March 15th. AAON's dividend payout ratio (DPR) is 14.91%.

Insider Transactions at AAON

In other news, CFO Rebecca Thompson sold 13,500 shares of AAON stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total value of $1,039,500.00. Following the sale, the chief financial officer now directly owns 17,297 shares in the company, valued at approximately $1,331,869. The sale was disclosed in a filing with the SEC, which is available through this link. In other AAON news, VP Stephen E. Wakefield sold 24,655 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the transaction, the vice president now directly owns 15,992 shares of the company's stock, valued at approximately $1,293,113.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Rebecca Thompson sold 13,500 shares of the business's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total transaction of $1,039,500.00. Following the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at $1,331,869. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,096 shares of company stock worth $4,653,268. Company insiders own 18.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its holdings in shares of AAON by 79.8% during the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company's stock valued at $5,186,000 after purchasing an additional 26,141 shares during the last quarter. Bayesian Capital Management LP bought a new position in AAON during the 1st quarter valued at approximately $281,000. Bamco Inc. NY raised its stake in AAON by 13.6% during the first quarter. Bamco Inc. NY now owns 218,889 shares of the construction company's stock valued at $19,284,000 after buying an additional 26,190 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in AAON by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company's stock worth $49,595,000 after acquiring an additional 6,766 shares in the last quarter. Finally, BOKF NA grew its stake in shares of AAON by 2.0% in the first quarter. BOKF NA now owns 681,522 shares of the construction company's stock worth $59,960,000 after acquiring an additional 13,140 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.