DA Davidson Weighs in on AAON’s Q2 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Equities research analysts at DA Davidson dropped their Q2 2025 earnings per share estimates for AAON in a research report issued on Thursday, June 12th. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings of $0.32 per share for the quarter, down from their prior forecast of $0.41. DA Davidson currently 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. DA Davidson also issued estimates for AAON’s FY2025 earnings at $2.02 EPS.

AAON (NASDAQ:AAON) last issued 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 firm had revenue of $322.05 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share.

Several other equities research analysts also recently issued reports on AAON. Robert W. Baird decreased their price target on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Wall Street Zen downgraded AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and an average target price of $115.50.

AAON Trading Down 1.6%

NASDAQ AAON opened at $72.99 on Friday. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 32.15 and a beta of 1.03. AAON has a 52 week low of $68.98 and a 52 week high of $144.07. The business has a 50 day moving average price of $91.64 and a 200-day moving average price of $103.00. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

Institutional Trading of AAON

A number of hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in AAON by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock worth $2,201,000 after buying an additional 100 shares in the last quarter. HUB Investment Partners LLC lifted its stake in shares of AAON by 5.2% in the 4th quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company’s stock valued at $237,000 after purchasing an additional 100 shares during the last quarter. Smith Moore & CO. lifted its stake in shares of AAON by 3.1% in the 4th quarter. Smith Moore & CO. now owns 3,300 shares of the construction company’s stock valued at $388,000 after purchasing an additional 100 shares during the last quarter. Curi RMB Capital LLC lifted its stake in shares of AAON by 0.5% during the 4th quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company’s stock worth $2,177,000 after acquiring an additional 100 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 37,189 shares of AAON stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the completion of the sale, the chief executive officer now owns 63,714 shares of the company’s stock, valued at approximately $6,256,714.80. This trade represents a 36.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the sale, the director now directly owns 8,754 shares of the company’s stock, valued at approximately $914,617.92. The trade was a 70.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,823 shares of company stock worth $7,122,451 in the last ninety days. 18.70% of the stock is owned by insiders.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 0.55%. AAON’s payout ratio is 21.05%.

AAON announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 4th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the construction company to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership 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.