Research Analysts Offer Predictions for AAON Q1 Earnings

AAON, Inc. (NASDAQ:AAON) – Analysts at William Blair boosted their Q1 2025 earnings estimates for shares of AAON in a research report issued on Tuesday, March 4th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $0.24 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.

Several other brokerages have also recently issued reports on AAON. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Friday, February 28th. Robert W. Baird lowered their target price on shares of AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. DA Davidson lowered their target price on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, StockNews.com cut shares of AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $115.50.

AAON Price Performance

AAON stock opened at $81.94 on Thursday. The company’s fifty day moving average price is $114.73 and its 200 day moving average price is $114.16. AAON has a 1 year low of $69.52 and a 1 year high of $144.07. The stock has a market capitalization of $6.66 billion, a P/E ratio of 36.10 and a beta of 0.87. 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 Trading of AAON

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after purchasing an additional 84 shares during the period. Captrust Financial Advisors increased its stake in AAON by 1.0% during the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock worth $949,000 after purchasing an additional 89 shares during the period. Louisiana State Employees Retirement System increased its stake in AAON by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock worth $2,201,000 after purchasing an additional 100 shares during the period. HUB Investment Partners LLC increased its stake in AAON by 5.2% during the fourth quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company’s stock worth $237,000 after purchasing an additional 100 shares during the period. Finally, Smith Moore & CO. increased its stake in AAON by 3.1% during the fourth quarter. Smith Moore & CO. now owns 3,300 shares of the construction company’s stock worth $388,000 after purchasing an additional 100 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the sale, the vice president now directly owns 4,558 shares in the company, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.55% of the stock is owned by insiders.

AAON declared that its Board of Directors has approved a share 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 purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

AAON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.10 per share. This is a boost 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 payout ratio is presently 15.92%.

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.