Equities Analysts Issue Forecasts for AAON FY2025 Earnings

AAON, Inc. (NASDAQ:AAON) – Equities researchers at DA Davidson reduced their FY2025 EPS estimates for AAON in a research report issued on Friday, May 2nd. DA Davidson analyst B. Thielman now forecasts that the construction company will earn $2.06 per share for the year, down from their previous forecast of $2.08. DA Davidson has a “Buy” rating and a $125.00 price target on the stock. The consensus estimate for AAON’s current full-year earnings is $2.26 per share.

Several other analysts also recently issued reports on the company. CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Friday, February 28th. Robert W. Baird reduced their price target on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Finally, StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.50.

AAON Trading Up 3.0 %

Shares of NASDAQ AAON opened at $99.37 on Monday. The company has a quick ratio of 1.79, a current ratio of 3.06 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 company has a market cap of $8.08 billion, a price-to-earnings ratio of 43.78 and a beta of 0.96. The business has a fifty day simple moving average of $81.96 and a 200-day simple moving average of $108.44.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. The company had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AAON. Barclays PLC grew its position in AAON by 182.2% in the third quarter. Barclays PLC now owns 84,472 shares of the construction company’s stock worth $9,111,000 after acquiring an additional 54,535 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in AAON in the third quarter worth $43,000. Tidal Investments LLC increased its position in AAON by 5.7% during the third quarter. Tidal Investments LLC now owns 13,534 shares of the construction company’s stock worth $1,460,000 after buying an additional 732 shares during the last quarter. Franklin Resources Inc. increased its position in AAON by 258.8% during the third quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company’s stock worth $37,014,000 after buying an additional 238,308 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in AAON by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock valued at $351,615,000 after buying an additional 150,207 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David Raymond Stewart acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at approximately $242,580. The trade was a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.70% of the stock is currently owned by corporate insiders.

AAON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.10 dividend. This is an increase from AAON’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. AAON’s dividend payout ratio is currently 19.90%.

AAON announced that its board has initiated a stock repurchase program on Tuesday, March 4th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the construction company to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.