William Blair Issues Optimistic Forecast for AAON Earnings

AAON, Inc. (NASDAQ:AAON) – Research analysts at William Blair boosted their Q1 2025 earnings estimates for shares of AAON in a research report issued on Wednesday, April 9th. William Blair analyst R. Merkel now anticipates that the construction company will earn $0.26 per share for the quarter, up from their previous forecast of $0.24. 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 $0.66 EPS, Q1 2026 earnings at $0.64 EPS, Q2 2026 earnings at $0.86 EPS, Q3 2026 earnings at $0.92 EPS and Q4 2026 earnings at $0.77 EPS.

Several other analysts also recently issued reports on the company. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Robert W. Baird dropped their target price on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday, February 28th. CJS Securities upgraded shares of 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. Finally, DA Davidson dropped their price objective 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $115.50.

AAON Price Performance

AAON stock opened at $84.16 on Thursday. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 37.08 and a beta of 0.96. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON has a 12 month low of $68.98 and a 12 month high of $144.07. The stock’s 50 day moving average is $89.90 and its 200-day moving average is $110.99.

AAON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from AAON’s previous quarterly dividend of $0.08. AAON’s dividend payout ratio (DPR) is presently 19.90%.

AAON announced that its Board of Directors has approved a share buyback plan on Tuesday, March 4th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 0.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at AAON

In other news, Director David Raymond Stewart purchased 1,000 shares of AAON stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $242,580. The trade was a 50.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 18.55% of the stock is owned by insiders.

Institutional Investors Weigh In On AAON

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAON. BNP Paribas Financial Markets raised its holdings in shares of AAON by 99.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,305 shares of the construction company’s stock worth $1,111,000 after buying an additional 5,133 shares in the last quarter. HighTower Advisors LLC grew its position in AAON by 46.6% in the third quarter. HighTower Advisors LLC now owns 13,043 shares of the construction company’s stock valued at $1,408,000 after acquiring an additional 4,146 shares during the last quarter. Quantinno Capital Management LP increased its position in AAON by 3.1% during the 3rd quarter. Quantinno Capital Management LP now owns 6,486 shares of the construction company’s stock worth $699,000 after purchasing an additional 192 shares in the last quarter. State Street Corp increased its holdings in shares of AAON by 0.6% during the third quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock worth $213,257,000 after buying an additional 12,502 shares in the last quarter. Finally, Wolverine Trading LLC acquired a new position in AAON in the 3rd quarter worth about $471,000. 70.81% of the stock is currently owned by institutional investors.

About AAON

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.