William Blair Brokers Decrease Earnings Estimates for AAON

AAON, Inc. (NASDAQ:AAON - Free Report) - Analysts at William Blair reduced their Q2 2025 earnings per share estimates for AAON in a report released on Monday, July 14th. William Blair analyst R. Merkel now expects that the construction company will post earnings per share of $0.30 for the quarter, down from their previous estimate of $0.38. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $1.94 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.84 EPS, Q4 2026 earnings at $0.68 EPS, FY2026 earnings at $2.64 EPS and FY2027 earnings at $3.30 EPS.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. AAON had a return on equity of 20.23% and a net margin of 12.60%. The business had revenue of $322.05 million for the quarter, compared to analysts' expectations of $289.16 million. During the same period last year, the firm posted $0.46 earnings per share. The business's revenue for the quarter was up 22.9% on a year-over-year basis.

AAON has been the subject of a number of other reports. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a research note on Monday, June 16th. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. 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, AAON has a consensus rating of "Buy" and a consensus target price of $111.50.

AAON Stock Performance

Shares of NASDAQ:AAON traded down $0.98 during mid-day trading on Tuesday, reaching $78.48. 913,174 shares of the company traded hands, compared to its average volume of 688,480. The company's 50 day moving average price is $85.68 and its 200-day moving average price is $93.91. The firm has a market cap of $6.39 billion, a PE ratio of 41.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80. AAON has a 52 week low of $68.98 and a 52 week high of $144.07.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. AAON's dividend payout ratio is presently 21.05%.

Insider Buying and Selling

In related news, CEO Gary D. Fields sold 37,189 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the transaction, the chief executive officer directly owned 63,714 shares of the company's stock, valued at approximately $6,256,714.80. The trade was a 36.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction that occurred 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 sale, the director directly owned 8,754 shares in the company, valued at $914,617.92. This trade represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,823 shares of company stock worth $7,122,451. 18.70% of the stock is owned by insiders.

Institutional Trading of AAON

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of AAON by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock worth $509,111,000 after acquiring an additional 276,722 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of AAON by 86.2% during the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company's stock worth $170,143,000 after acquiring an additional 1,007,906 shares in the last quarter. Invesco Ltd. raised its holdings in shares of AAON by 15.6% during the 4th quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock worth $239,184,000 after acquiring an additional 274,119 shares in the last quarter. Geneva Capital Management LLC raised its holdings in shares of AAON by 13.1% during the 1st quarter. Geneva Capital Management LLC now owns 1,897,728 shares of the construction company's stock worth $148,269,000 after acquiring an additional 219,814 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AAON by 5.0% during 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. 70.81% of the stock is 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.