William Blair Forecasts AAON’s Q3 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Research analysts at William Blair dropped their Q3 2026 earnings per share (EPS) estimates for shares of AAON in a research note issued to investors on Wednesday, October 15th. William Blair analyst R. Merkel now expects that the construction company will post earnings per share of $0.47 for the quarter, down from their prior forecast of $0.51. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q4 2026 earnings at $0.55 EPS.

Several other research firms have also recently commented on AAON. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Robert W. Baird lowered their target price on AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Oppenheimer lifted their target price on AAON from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Tuesday. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Wall Street Zen cut AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, AAON presently has an average rating of “Moderate Buy” and an average target price of $104.00.

AAON Stock Down 4.0%

NASDAQ AAON opened at $100.05 on Thursday. The stock has a fifty day moving average of $88.37 and a 200-day moving average of $85.91. The stock has a market capitalization of $8.16 billion, a P/E ratio of 68.06 and a beta of 1.05. AAON has a 52 week low of $62.00 and a 52 week high of $144.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%.The firm had revenue of $322.05 million during the quarter.

Institutional Investors Weigh In On AAON

Institutional investors have recently made changes to their positions in the stock. Cresset Asset Management LLC grew its position in shares of AAON by 1.3% during the 1st quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock worth $949,000 after purchasing an additional 157 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. CWM LLC grew its position in AAON by 25.7% during the first quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after buying an additional 192 shares in the last quarter. UMB Bank n.a. grew its position in AAON by 32.9% during the second quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after buying an additional 194 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in AAON by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company’s stock worth $1,477,000 after buying an additional 200 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction on Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares of the company’s stock, valued at $451,009.08. The trade was a 69.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Rebecca Thompson sold 9,350 shares of AAON stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is owned by insiders.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s payout ratio is 27.21%.

About AAON

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.