Research Analysts Offer Predictions for AAON Q1 Earnings

AAON, Inc. (NASDAQ:AAON) – William Blair boosted their Q1 2025 earnings per share (EPS) estimates for AAON in a research note issued on Tuesday, March 4th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.23. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q2 2025 earnings at $0.59 EPS and Q3 2025 earnings at $0.78 EPS.

A number of other equities analysts also recently issued reports on the company. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. CJS Securities raised 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. DA Davidson lowered their price target on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Robert W. Baird lowered 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

AAON Stock Performance

Shares of AAON opened at $81.94 on Thursday. The stock has a 50 day moving average price of $114.73 and a 200 day moving average price of $114.16. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 36.10 and a beta of 0.87. AAON has a 52-week low of $69.52 and a 52-week high of $144.07.

AAON announced that its board has approved a stock buyback program on Tuesday, March 4th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

AAON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be issued a $0.10 dividend. This is an increase from AAON’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. AAON’s dividend payout ratio is presently 15.92%.

Insider Activity

In other news, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the sale, the vice president now directly owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This represents a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.55% of the company’s stock.

Institutional Investors Weigh In On AAON

Several large investors have recently modified their holdings of AAON. Mather Group LLC. raised its stake in shares of AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of AAON during the fourth quarter worth approximately $33,000. Westside Investment Management Inc. purchased a new stake in shares of AAON during the third quarter worth approximately $36,000. Quarry LP raised its stake in shares of AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after purchasing an additional 103 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of AAON by 67.5% during the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.