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

AAON, Inc. (NASDAQ:AAON) – Equities researchers at William Blair raised their Q3 2025 earnings estimates for shares of AAON in a note issued to investors on Wednesday, October 15th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $0.37 per share for the quarter, up from their prior estimate of $0.34. 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 $0.48 EPS, FY2025 earnings at $1.44 EPS, Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.50 EPS, FY2026 earnings at $1.95 EPS and FY2027 earnings at $2.86 EPS.

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

A number of other equities research analysts have also recently issued reports on AAON. Wall Street Zen cut AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. DA Davidson lowered their price objective on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Robert W. Baird lowered their price objective on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Finally, Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

AAON Trading Down 2.8%

Shares of AAON stock opened at $97.24 on Friday. AAON has a 52-week low of $62.00 and a 52-week high of $144.07. The stock’s 50-day simple moving average is $88.70 and its 200 day simple moving average is $86.04. The stock has a market capitalization of $7.93 billion, a P/E ratio of 66.15 and a beta of 1.05. 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 Announces Dividend

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

Insider Activity at AAON

In related news, insider Christopher Douglas Eason sold 12,003 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rebecca Thompson sold 9,350 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the transaction, the chief financial officer owned 24,396 shares in the company, 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. increased its position in shares of AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock worth $25,000 after purchasing an additional 276 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in AAON in the second quarter worth approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in AAON in the second quarter worth approximately $53,000. Finally, UMB Bank n.a. boosted its stake in AAON by 32.9% in 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. 70.81% of the stock is currently owned by institutional investors.

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.