William Blair Analysts Reduce Earnings Estimates for AAON

Key Points

• William Blair has reduced AAON's Q3 2025 earnings per share estimate from $0.66 to $0.34, with a consensus full-year estimate of $2.26 per share.
• AAON stock has recently seen a 15.1% increase, currently trading at $82.95, with an average price target among analysts of $102.00.
• Institutional investors own 70.81% of AAON's stock, with significant recent purchases by various large investment firms, indicating strong interest in the company's shares.

AAON, Inc. (NASDAQ:AAON - Free Report) - Equities research analysts at William Blair reduced their Q3 2025 earnings per share estimates for shares of AAON in a report issued on Monday, August 11th. William Blair analyst R. Merkel now expects that the construction company will post earnings of $0.34 per share for the quarter, down from their prior estimate of $0.66. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's FY2025 earnings at $1.38 EPS, Q1 2026 earnings at $0.37 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.51 EPS and Q4 2026 earnings at $0.73 EPS.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Monday, August 11th. The construction company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.09). The company had revenue of $311.57 million during the quarter, compared to analysts' expectations of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%. AAON's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS.

AAON has been the subject of a number of other research reports. DA Davidson dropped their target price on AAON from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a report on Monday, June 16th. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Robert W. Baird dropped their price objective on AAON from $102.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $102.00.

AAON Trading Down 4.3%

Shares of AAON stock traded down $3.56 on Wednesday, reaching $79.55. The company had a trading volume of 1,315,222 shares, compared to its average volume of 1,701,280. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 54.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.80. The firm's 50-day moving average price is $77.55 and its two-hundred day moving average price is $87.58. AAON has a 1 year low of $62.00 and a 1 year high of $144.07.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 5th. AAON's dividend payout ratio is currently 27.21%.

Insider Buying and Selling at AAON

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the sale, the director directly owned 8,754 shares in the company, valued at approximately $914,617.92. This represents a 70.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.70% of the company's stock.

Institutional Investors Weigh In On AAON

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of AAON by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock worth $509,111,000 after buying an additional 276,722 shares during the period. Blair William & Co. IL lifted its holdings in shares of AAON by 4.7% in the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company's stock worth $168,155,000 after buying an additional 102,382 shares during the period. Geneva Capital Management LLC lifted its holdings in shares of AAON by 7.3% in the 2nd quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company's stock worth $150,210,000 after buying an additional 139,024 shares during the period. Dimensional Fund Advisors LP raised its position in shares of AAON by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company's stock worth $109,598,000 after acquiring an additional 66,536 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of AAON by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,341,376 shares of the construction company's stock worth $98,941,000 after acquiring an additional 26,302 shares in the last quarter. 70.81% of the stock is currently 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.