William Blair Has Bearish Forecast for AAON FY2026 Earnings

Key Points

• William Blair has lowered its FY2026 earnings forecast for AAON to $1.93 per share, down from a previous estimate of $2.32, impacting investor sentiment.
• AAON recently reported Q2 earnings of $0.22 per share, missing analysts' expectations and showing a slight revenue decline compared to the previous year.
• The company announced a $0.10 quarterly dividend to be paid on September 26th, reflecting a commitment to returning value to shareholders despite current challenges.

AAON, Inc. (NASDAQ:AAON - Free Report) - Stock analysts at William Blair lowered their FY2026 earnings estimates for AAON in a research report issued on Tuesday, August 12th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $1.93 for the year, down from their previous forecast of $2.32. 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 $0.62 EPS and FY2027 earnings at $2.85 EPS.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). The company had revenue of $311.57 million for 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%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS.

Other analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird reduced their price target on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday. DA Davidson reduced their price target on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $102.00.

AAON Trading Down 4.3%

AAON stock traded down $3.76 during mid-day trading on Thursday, hitting $84.53. 266,132 shares of the company were exchanged, compared to its average volume of 1,014,433. The company has a quick ratio of 1.80, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $6.89 billion, a P/E ratio of 57.53 and a beta of 0.94. The business has a fifty day simple moving average of $78.12 and a 200-day simple moving average of $88.01. AAON has a 12-month low of $62.00 and a 12-month high of $144.07.

AAON Announces Dividend

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

Insiders Place Their Bets

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the sale, the director owned 8,754 shares of the company's stock, valued at $914,617.92. This trade represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.70% of the stock is currently owned by company insiders.

Institutional Trading of AAON

Hedge funds have recently added to or reduced their stakes in the company. PFG Advisors increased its stake in AAON by 114.8% in the first quarter. PFG Advisors now owns 20,836 shares of the construction company's stock valued at $1,628,000 after purchasing an additional 11,136 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in AAON in the fourth quarter valued at approximately $210,000. Parallel Advisors LLC increased its stake in AAON by 26.3% in the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock valued at $56,000 after purchasing an additional 149 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in AAON in the first quarter valued at approximately $789,000. Finally, Sequoia Financial Advisors LLC increased its stake in AAON by 49.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company's stock valued at $250,000 after purchasing an additional 1,054 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

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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