William Blair Has Positive Forecast for AAON Q2 Earnings

AAON, Inc. (NASDAQ:AAON) – Research analysts at William Blair lifted their Q2 2025 earnings estimates for shares of AAON in a research note issued to investors on Wednesday, April 9th. William Blair analyst R. Merkel now expects that the construction company will post earnings per share of $0.62 for the quarter, up from their prior forecast of $0.58. 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 $0.78 EPS, FY2025 earnings at $2.31 EPS, FY2026 earnings at $3.19 EPS and FY2027 earnings at $4.10 EPS.

Several other research analysts have also recently issued reports on AAON. Robert W. Baird dropped their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. 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 report on Friday, February 28th. StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Finally, DA Davidson lowered 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 research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $84.16 on Friday. The firm’s 50 day simple moving average is $89.90 and its 200-day simple moving average is $110.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON has a one year low of $68.98 and a one year high of $144.07. The firm has a market cap of $6.87 billion, a PE ratio of 37.08 and a beta of 0.96.

Institutional Investors Weigh In On AAON

Several institutional investors have recently bought and sold shares of AAON. Versant Capital Management Inc increased its position in shares of AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock worth $26,000 after purchasing an additional 287 shares in the last quarter. Mather Group LLC. grew its stake in 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 buying an additional 193 shares during the last quarter. Twin Tree Management LP acquired a new position in AAON during the 4th quarter valued at about $33,000. Westside Investment Management Inc. purchased a new stake in AAON in the third quarter valued at about $36,000. Finally, Quarry LP raised its stake in AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after buying an additional 103 shares during the last quarter. 70.81% of the stock is currently 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 dated Wednesday, March 5th. The shares were purchased at an average price of $80.86 per share, with a total value of $80,860.00. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.55% of the stock is currently owned by company insiders.

AAON announced that its Board of Directors has authorized a share buyback program on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

AAON Increases Dividend

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

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.