William Blair Weighs in on AAON’s Q2 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Stock analysts at William Blair dropped their Q2 2025 earnings estimates for shares of AAON in a note issued to investors on Thursday, May 1st. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $0.51 per share for the quarter, down from their prior forecast of $0.60. 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 $0.77 EPS, Q4 2025 earnings at $0.64 EPS, Q3 2026 earnings at $0.91 EPS, FY2026 earnings at $3.23 EPS and FY2027 earnings at $4.22 EPS.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. The company had revenue of $322.05 million for 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 firm’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share.

A number of other equities analysts have also recently weighed in on the company. DA Davidson dropped their price target on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Friday, February 28th. Finally, Robert W. Baird reduced 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. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

AAON Stock Down 1.5 %

Shares of AAON stock opened at $97.48 on Monday. AAON has a 12-month low of $68.98 and a 12-month high of $144.07. The firm has a market capitalization of $7.93 billion, a PE ratio of 42.94 and a beta of 1.06. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $82.27 and its 200-day moving average is $108.29.

Hedge Funds Weigh In On AAON

A number of institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. boosted its stake in AAON by 613.3% during 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 period. Versant Capital Management Inc boosted its position in shares of AAON by 652.3% in the first 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. Mather Group LLC. grew its stake in shares of AAON by 521.6% in the fourth 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 position in AAON during the fourth quarter worth $33,000. Finally, Quarry LP raised its stake 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. 70.81% of the stock is currently owned by institutional investors.

Insider Transactions at AAON

In other news, Director David Raymond Stewart acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $80.86 per share, with a total value of $80,860.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at approximately $242,580. This represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 18.70% of the company’s stock.

AAON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a $0.10 dividend. This is a positive change from AAON’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, March 18th. AAON’s dividend payout ratio is presently 21.05%.

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