Research Analysts Set Expectations for AAON Q2 Earnings

AAON, Inc. (NASDAQ:AAON - Free Report) - Stock analysts at William Blair dropped their Q2 2025 EPS estimates for shares of AAON in a note issued to investors on Tuesday, June 10th. William Blair analyst R. Merkel now expects that the construction company will post earnings of $0.41 per share for the quarter, down from their previous estimate of $0.51. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's Q2 2026 earnings at $0.82 EPS.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.13. The company had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company's revenue was up 22.9% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share.

A number of other brokerages also recently commented on AAON. 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 note on Friday, February 28th. CJS Securities raised AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Friday, February 28th. DA Davidson cut 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. Finally, Wall Street Zen lowered shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $115.50.

AAON Stock Down 1.2%

NASDAQ AAON traded down $0.89 on Wednesday, hitting $74.96. 662,363 shares of the stock traded hands, compared to its average volume of 674,583. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $91.65 and a 200 day moving average of $103.90. AAON has a twelve month low of $68.98 and a twelve month high of $144.07. The company has a market capitalization of $6.10 billion, a P/E ratio of 33.02 and a beta of 1.03.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. AAON's dividend payout ratio (DPR) is presently 21.05%.

AAON announced that its board has initiated a share buyback plan on Tuesday, March 4th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the construction company to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at AAON

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

Hedge Funds Weigh In On AAON

Several institutional investors have recently bought and sold shares of AAON. Choreo LLC increased its holdings in shares of AAON by 10.7% during the 4th quarter. Choreo LLC now owns 2,813 shares of the construction company's stock valued at $337,000 after acquiring an additional 271 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in AAON by 350.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,800 shares of the construction company's stock worth $212,000 after purchasing an additional 1,400 shares during the period. Empowered Funds LLC acquired a new position in AAON during the fourth quarter valued at approximately $42,000. Entropy Technologies LP acquired a new position in AAON during the fourth quarter valued at approximately $327,000. Finally, Savant Capital LLC bought a new position in shares of AAON in the fourth quarter valued at approximately $884,000. 70.81% of the stock is currently owned by institutional investors.

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.