What is William Blair’s Forecast for AAON FY2026 Earnings?

AAON, Inc. (NASDAQ:AAON) – Stock analysts at William Blair lowered their FY2026 earnings per share (EPS) estimates for shares of AAON in a research note issued to investors on Wednesday, June 11th. William Blair analyst R. Merkel now anticipates that the construction company will earn $2.78 per share for the year, down from their prior estimate of $3.20. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s FY2027 earnings at $3.50 EPS.

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

Other equities research analysts also recently issued research reports about the company. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Friday, February 28th. 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 report on Friday, February 28th. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Robert W. Baird lowered their price objective 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. One equities research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.50.

AAON Stock Performance

Shares of AAON stock opened at $72.99 on Friday. The stock has a fifty day moving average price of $91.64 and a 200 day moving average price of $103.00. The stock has a market cap of $5.94 billion, a PE ratio of 32.15 and a beta of 1.03. AAON has a 1 year low of $68.98 and a 1 year high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AAON. Blair William & Co. IL grew its holdings in AAON by 86.2% during the first quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company’s stock worth $170,143,000 after acquiring an additional 1,007,906 shares during the period. Norges Bank acquired a new position in AAON during the fourth quarter worth about $76,581,000. Raymond James Financial Inc. acquired a new position in AAON during the fourth quarter worth about $73,313,000. Mawer Investment Management Ltd. acquired a new position in AAON during the first quarter worth about $44,219,000. Finally, Brown Advisory Inc. acquired a new position in AAON during the first quarter worth about $41,180,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 37,189 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gordon Douglas Wichman sold 3,975 shares of the firm’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $105.75, for a total value of $420,356.25. Following the transaction, the director now directly owns 8,754 shares in the company, valued at $925,735.50. This trade represents a 31.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,823 shares of company stock valued at $7,122,451 over the last three months. Company insiders own 18.70% of the company’s stock.

AAON Dividend Announcement

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

AAON declared that its board has initiated a share repurchase program 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 programs are usually an indication that the company’s leadership believes its shares are 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.