William Blair Issues Positive Estimate for AAON Earnings

AAON, Inc. (NASDAQ:AAON - Free Report) - Equities research analysts at William Blair boosted their Q2 2025 earnings per share estimates for shares of AAON in a report issued on Wednesday, April 9th. William Blair analyst R. Merkel now expects that the construction company will post earnings of $0.62 per share for the quarter, up from their prior estimate of $0.58. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's Q3 2025 earnings at $0.78 EPS, FY2025 earnings at $2.31 EPS, FY2026 earnings at $3.19 EPS and FY2027 earnings at $4.10 EPS.

Several other research firms also recently commented on AAON. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Friday, February 28th. DA Davidson cut their price objective on shares of AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. StockNews.com downgraded shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Robert W. Baird lowered their price objective on AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.50.

AAON Trading Down 2.8 %

Shares of AAON stock traded down $2.33 during trading hours on Friday, reaching $79.76. 188,183 shares of the stock were exchanged, compared to its average volume of 721,428. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON has a 12-month low of $68.98 and a 12-month high of $144.07. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 35.14 and a beta of 0.96. The company's 50-day moving average price is $88.11 and its 200-day moving average price is $110.50.

Institutional Trading of AAON

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in AAON by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company's stock valued at $734,262,000 after buying an additional 75,832 shares during the last quarter. JPMorgan Chase & Co. increased its position in AAON by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock worth $351,615,000 after purchasing an additional 150,207 shares during the period. Invesco Ltd. grew its stake in AAON by 15.6% in the 4th quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock valued at $239,184,000 after acquiring an additional 274,119 shares during the last quarter. State Street Corp raised its position in AAON by 0.6% during the third quarter. State Street Corp now owns 1,977,531 shares of the construction company's stock worth $213,257,000 after acquiring an additional 12,502 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of AAON by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company's stock worth $145,692,000 after purchasing an additional 3,644 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AAON

In other news, Director David Raymond Stewart purchased 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the acquisition, the director now directly owns 3,000 shares of the company's stock, valued at approximately $242,580. The trade was a 50.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 18.55% of the company's stock.

AAON declared that its board has authorized a stock repurchase program on Tuesday, March 4th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

AAON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. This is a boost from AAON's previous quarterly dividend of $0.08. AAON's dividend payout ratio is presently 19.90%.

About AAON

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.