William Blair Predicts AAON’s Q2 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Equities research analysts at William Blair decreased their Q2 2025 earnings estimates for shares of AAON in a research note issued on Monday, July 14th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.38. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $1.94 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.84 EPS, Q4 2026 earnings at $0.68 EPS, FY2026 earnings at $2.64 EPS and FY2027 earnings at $3.30 EPS.

A number of other equities analysts also recently commented on AAON. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $111.50.

AAON Trading Down 0.3%

NASDAQ AAON opened at $74.25 on Tuesday. The stock has a market cap of $6.04 billion, a P/E ratio of 39.08 and a beta of 0.95. AAON has a fifty-two week low of $68.98 and a fifty-two week high of $144.07. The stock has a 50 day simple moving average of $86.52 and a two-hundred day simple moving average of $94.32. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77.

AAON (NASDAQ:AAON) last posted its earnings results 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. AAON had a net margin of 12.60% and a return on equity of 20.23%. The company had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. During the same period in the prior year, the business posted $0.46 earnings per share. AAON’s revenue for the quarter was up 22.9% on a year-over-year basis.

Hedge Funds Weigh In On AAON

Several institutional investors and hedge funds have recently modified their holdings of AAON. HUB Investment Partners LLC increased its position in shares of AAON by 5.2% during the fourth quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company’s stock valued at $237,000 after acquiring an additional 100 shares in the last quarter. Smith Moore & CO. grew its holdings in shares of AAON by 3.1% in the fourth quarter. Smith Moore & CO. now owns 3,300 shares of the construction company’s stock worth $388,000 after acquiring an additional 100 shares during the period. Curi RMB Capital LLC increased its position in AAON by 0.5% during the fourth quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company’s stock valued at $2,177,000 after acquiring an additional 100 shares during the last quarter. Quarry LP lifted its holdings 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 acquiring an additional 103 shares during the period. Finally, Parallel Advisors LLC boosted its position in AAON by 26.3% in the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock worth $56,000 after purchasing an additional 149 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Insider Activity at AAON

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the sale, the director owned 8,754 shares in the company, valued at approximately $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Fields sold 8,357 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total value of $824,501.62. Following the transaction, the chief executive officer directly owned 26,491 shares of the company’s stock, valued at approximately $2,613,602.06. This trade represents a 23.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,823 shares of company stock worth $7,122,451 over the last 90 days. 18.55% of the stock is currently owned by corporate insiders.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, June 6th. AAON’s payout ratio is presently 21.05%.

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.