William Blair Comments on AAON's Q3 Earnings (NASDAQ:AAON)

Key Points

• William Blair has raised its Q3 2025 EPS estimate for AAON from $0.34 to $0.37, indicating a positive outlook for the construction company's earnings.
• AAON recently declared a quarterly dividend of $0.10 per share, representing a 0.4% yield and a payout ratio of 27.21%.
• Currently, AAON has received mixed ratings from analysts, with one "Strong Buy", five "Buy", and two "Hold" ratings, and an average target price of $104.00.

AAON, Inc. (NASDAQ:AAON - Free Report) - William Blair boosted their Q3 2025 EPS estimates for shares of AAON in a research note issued to investors on Wednesday, October 15th. William Blair analyst R. Merkel now forecasts that the construction company will earn $0.37 per share for the quarter, up from their previous estimate of $0.34. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.44 EPS, Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.50 EPS, FY2026 earnings at $1.95 EPS and FY2027 earnings at $2.86 EPS.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. The firm had revenue of $322.05 million for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%.

Other research analysts have also issued research reports about the stock. Robert W. Baird dropped their price target on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen lowered shares of AAON from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Oppenheimer increased their price target on shares of AAON from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Tuesday. Weiss Ratings restated a "hold (c)" rating on shares of AAON in a research note on Wednesday, October 8th. Finally, DA Davidson dropped their price target on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, AAON has an average rating of "Moderate Buy" and an average target price of $104.00.

AAON Stock Performance

Shares of AAON opened at $100.05 on Friday. The company's fifty day moving average is $88.37 and its 200-day moving average is $85.91. AAON has a 12 month low of $62.00 and a 12 month high of $144.07. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 68.06 and a beta of 1.05. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On AAON

Several institutional investors have recently added to or reduced their stakes in AAON. Wealth Enhancement Advisory Services LLC lifted its holdings in AAON by 1,485.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,329 shares of the construction company's stock valued at $2,213,000 after purchasing an additional 26,542 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after acquiring an additional 276 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of AAON by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,905 shares of the construction company's stock worth $617,000 after acquiring an additional 210 shares during the last quarter. Institute for Wealth Management LLC. bought a new position in shares of AAON in the first quarter worth about $463,000. Finally, Blue Trust Inc. raised its stake in shares of AAON by 372.4% in the first quarter. Blue Trust Inc. now owns 1,795 shares of the construction company's stock worth $140,000 after acquiring an additional 1,415 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Insider Transactions at AAON

In other news, CFO Rebecca Thompson sold 9,350 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the transaction, the chief financial officer directly owned 24,396 shares of the company's stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares of the company's stock, valued at $451,009.08. The trade was a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is currently owned by company insiders.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, September 5th. AAON's dividend payout ratio (DPR) is currently 27.21%.

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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