William Blair Brokers Reduce Earnings Estimates for AAON

AAON, Inc. (NASDAQ:AAON - Free Report) - Equities researchers at William Blair reduced their Q3 2025 earnings estimates for AAON in a research report issued on Monday, July 14th. William Blair analyst R. Merkel now expects that the construction company will earn $0.66 per share for the quarter, down from their previous estimate of $0.80. The consensus estimate for AAON's current full-year earnings is $2.26 per share.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. AAON had a net margin of 12.60% and a return on equity of 20.23%. The company had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business's quarterly revenue was up 22.9% compared to the same quarter last year.

Other analysts have also issued research reports about the stock. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target for the company in a research note on Monday, June 16th. Wall Street Zen lowered AAON from a "hold" rating to a "sell" rating in a report on Friday. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AAON has a consensus rating of "Moderate Buy" and a consensus price target of $111.50.

AAON Stock Down 1.0%

Shares of NASDAQ AAON traded down $0.77 during midday trading on Wednesday, reaching $78.69. 2,237,080 shares of the company's stock were exchanged, compared to its average volume of 693,607. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77. AAON has a 52-week low of $68.98 and a 52-week high of $144.07. The business's fifty day moving average price is $85.25 and its two-hundred day moving average price is $93.64. The stock has a market capitalization of $6.40 billion, a PE ratio of 41.42 and a beta of 0.95.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. AAON's dividend payout ratio (DPR) is 21.05%.

Insider Activity

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the transaction, the director directly owned 8,754 shares of the company's stock, valued at approximately $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 37,189 shares of AAON stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total value of $3,651,959.80. Following the sale, the chief executive officer owned 63,714 shares of the company's stock, valued at approximately $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,823 shares of company stock valued at $7,122,451 in the last ninety days. Company insiders own 18.70% of the company's stock.

Hedge Funds Weigh In On AAON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAON. Rakuten Securities Inc. lifted 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 purchasing an additional 276 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of AAON by 652.3% in the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after buying an additional 287 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of AAON during the 4th quarter worth about $33,000. Quarry LP increased its holdings in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after acquiring an additional 103 shares during the last quarter. Finally, Whittier Trust Co. bought a new stake in AAON during the fourth quarter worth approximately $46,000. Institutional investors own 70.81% of the company's stock.

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.