FY2026 Earnings Forecast for AAON Issued By William Blair

AAON, Inc. (NASDAQ:AAON - Free Report) - Equities researchers at William Blair reduced their FY2026 EPS estimates for shares of AAON in a research report issued on Wednesday, June 4th. William Blair analyst R. Merkel now expects that the construction company will post earnings of $3.20 per share for the year, down from their previous forecast of $3.23. The consensus estimate for AAON's current full-year earnings is $2.26 per share.

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

AAON Stock Down 2.2%

Shares of NASDAQ:AAON traded down $1.70 during trading on Monday, hitting $74.15. 1,348,727 shares of the company's stock traded hands, compared to its average volume of 677,222. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $91.65 and a 200-day moving average price of $103.90. AAON has a 52 week low of $68.98 and a 52 week high of $144.07. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 32.67 and a beta of 1.03.

AAON (NASDAQ:AAON - Get Free Report) last posted 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 analysts' expectations of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company's revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. lifted its stake in 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 purchasing an additional 276 shares during the last quarter. Versant Capital Management Inc boosted its stake 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 worth $26,000 after acquiring an additional 287 shares during the period. Mather Group LLC. increased its holdings in shares of AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after acquiring an additional 193 shares during the last quarter. Twin Tree Management LP bought a new stake in AAON in the 4th quarter valued at $33,000. Finally, Quarry LP lifted its holdings in AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Insider Activity

In other AAON news, CEO Gary D. Fields sold 8,357 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $98.66, for a total value of $824,501.62. Following the completion of the transaction, the chief executive officer now directly owns 26,491 shares in the company, valued at $2,613,602.06. This trade represents a 23.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gordon Douglas Wichman sold 3,975 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 8,754 shares in the company, valued at approximately $925,735.50. This represents a 31.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,823 shares of company stock worth $7,122,451 in the last quarter. Corporate insiders own 18.70% of the company's stock.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. AAON's dividend payout ratio is 21.05%.

AAON declared that its board has approved a stock buyback plan on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.