William Blair Issues Pessimistic Estimate for AAON Earnings

AAON, Inc. (NASDAQ:AAON - Free Report) - Research analysts at William Blair decreased their FY2026 earnings per share (EPS) estimates for shares of AAON in a research report issued on Wednesday, June 11th. William Blair analyst R. Merkel now forecasts that the construction company will earn $2.78 per share for the year, down from their prior forecast of $3.20. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's FY2027 earnings at $3.50 EPS.

A number of other research firms also recently issued reports on AAON. Robert W. Baird lowered their price target on AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Friday, February 28th. Wall Street Zen cut AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, DA Davidson lowered their target price on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AAON presently has an average rating of "Moderate Buy" and a consensus price target of $115.50.

AAON Trading Down 1.6%

Shares of NASDAQ AAON traded down $1.16 during trading on Friday, hitting $72.99. 1,011,451 shares of the company traded hands, compared to its average volume of 678,627. The firm has a market capitalization of $5.94 billion, a P/E ratio of 32.15 and a beta of 1.03. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $91.64 and a 200-day moving average price of $103.00. AAON has a 1 year low of $68.98 and a 1 year high of $144.07.

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

Institutional Trading of AAON

A number of large investors have recently added to or reduced their stakes in the business. Twin Tree Management LP bought a new stake in shares of AAON during the 4th quarter worth $33,000. Quarry LP increased its position in shares of AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after acquiring an additional 103 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after acquiring an additional 276 shares in the last quarter. Versant Capital Management Inc boosted its stake in AAON by 652.3% in the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after purchasing an additional 287 shares during the period. Finally, Empowered Funds LLC purchased a new position in AAON during the 4th quarter worth approximately $42,000. 70.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Gary D. Fields sold 37,189 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the completion of the transaction, the chief executive officer now owns 63,714 shares of the company's stock, valued at $6,256,714.80. This trade represents a 36.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gordon Douglas Wichman sold 3,975 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $105.75, for a total transaction of $420,356.25. Following the completion of the sale, the director now directly owns 8,754 shares of the company's stock, valued at $925,735.50. The trade was a 31.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,823 shares of company stock worth $7,122,451. 18.70% of the stock is owned by company insiders.

AAON announced that its Board of Directors has approved a stock buyback program on Tuesday, March 4th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the construction company to buy up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.55%. AAON's dividend payout ratio (DPR) is 21.05%.

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.