AAON, Inc. (NASDAQ:AAON - Free Report) - Stock analysts at William Blair lowered their Q2 2025 earnings estimates for AAON in a report issued on Wednesday, June 11th. William Blair analyst R. Merkel now anticipates that the construction company will earn $0.38 per share for the quarter, down from their prior forecast of $0.41. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's Q3 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $2.18 EPS, Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.69 EPS, Q3 2026 earnings at $0.89 EPS and Q4 2026 earnings at $0.69 EPS.
Other equities research analysts have also issued research reports about the stock. DA Davidson cut their price target on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. Wall Street Zen downgraded shares of AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Robert W. Baird dropped their target price on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Finally, CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.50.
Check Out Our Latest Research Report on AAON
AAON Stock Performance
AAON stock traded down $1.70 during trading on Thursday, reaching $74.15. The company had a trading volume of 1,348,760 shares, compared to its average volume of 677,332. AAON has a twelve month low of $68.98 and a twelve month high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 32.67 and a beta of 1.03. The firm has a 50-day simple moving average of $91.64 and a 200-day simple moving average of $103.46.
AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13. The company had revenue of $322.05 million for 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%. The firm's revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS.
AAON announced that its board has approved a stock repurchase program on Tuesday, March 4th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
AAON Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, June 6th. AAON's payout ratio is currently 21.05%.
Insider Buying and Selling
In other news, Director Gordon Douglas Wichman sold 3,975 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $105.75, for a total value of $420,356.25. Following the completion of the sale, the director now directly owns 8,754 shares in the company, valued at approximately $925,735.50. This trade represents a 31.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary D. Fields sold 37,189 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total value of $3,651,959.80. Following the completion of the sale, the chief executive officer now owns 63,714 shares of the company's stock, valued at approximately $6,256,714.80. This trade represents a 36.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,823 shares of company stock valued at $7,122,451 over the last 90 days. 18.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On AAON
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. increased its position in shares of AAON by 613.3% during the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after purchasing an additional 276 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of AAON by 652.3% during the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after acquiring an additional 287 shares during the period. Twin Tree Management LP bought a new stake in shares of AAON during the 4th quarter worth $33,000. Quarry LP lifted its position in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after buying an additional 103 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in AAON in the fourth quarter valued at about $42,000. Institutional investors own 70.81% of the company's stock.
About AAON
(
Get Free Report)
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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