William Blair Forecasts AAON's Q3 Earnings (NASDAQ:AAON)

Key Points

• William Blair has reduced its Q3 2026 earnings estimate for AAON from $0.51 to $0.47 per share, with a full-year earnings consensus of $2.26 per share.
• Multiple analysts have adjusted their ratings and price targets for AAON, with Zacks upgrading its rating from "strong sell" to "hold" and DA Davidson lowering its price target from $125 to $105.
• AAON recently declared a quarterly dividend of $0.10 per share, representing an annualized dividend yield of 0.4% and maintaining a payout ratio of 27.21%.

AAON, Inc. (NASDAQ:AAON - Free Report) - Equities researchers at William Blair decreased their Q3 2026 earnings estimates for AAON in a research report issued to clients and investors on Wednesday, October 15th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings of $0.47 per share for the quarter, down from their prior forecast 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 Q4 2026 earnings at $0.55 EPS.

A number of other equities analysts also recently issued reports on the stock. DA Davidson dropped their price objective on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of AAON from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Zacks Research raised shares of AAON from a "strong sell" rating to a "hold" rating in a report on Monday. Robert W. Baird dropped their price objective on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Finally, Oppenheimer raised their price objective on shares of AAON from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, AAON presently has an average rating of "Moderate Buy" and an average target price of $104.00.

AAON Stock Performance

AAON opened at $104.26 on Thursday. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 70.93 and a beta of 1.05. The company's 50 day moving average is $88.02 and its 200 day moving average is $85.76. AAON has a 12-month low of $62.00 and a 12-month high of $144.07.

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

AAON Announces Dividend

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

Insider Activity at AAON

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

Institutional Investors Weigh In On AAON

Institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. raised its position in shares of AAON by 613.3% during the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after buying an additional 276 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock valued at $25,000 after buying an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of AAON during the second quarter valued at approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of AAON during the second quarter valued at approximately $53,000. Finally, UMB Bank n.a. raised its position in shares of AAON by 32.9% during the second quarter. UMB Bank n.a. now owns 783 shares of the construction company's stock valued at $58,000 after buying an additional 194 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

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.

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