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

AAON, Inc. (NASDAQ:AAON) – Stock analysts at William Blair lowered their Q2 2025 earnings per share estimates for AAON in a research note issued to investors on Wednesday, April 2nd. William Blair analyst R. Merkel now expects that the construction company will earn $0.58 per share for the quarter, down from their prior forecast of $0.59. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q3 2025 earnings at $0.77 EPS, FY2025 earnings at $2.28 EPS, Q1 2026 earnings at $0.61 EPS, Q2 2026 earnings at $0.83 EPS and Q4 2026 earnings at $0.78 EPS.

Several other research firms have also weighed in on AAON. Robert W. Baird cut their target price on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday, February 28th. DA Davidson cut their price objective on shares of AAON from $150.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 28th. 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. Finally, StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s 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 Trading Down 2.1 %

Shares of NASDAQ:AAON opened at $73.00 on Monday. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON has a 12-month low of $68.98 and a 12-month high of $144.07. The business has a 50 day moving average of $91.96 and a two-hundred day moving average of $111.56. The company has a market capitalization of $5.96 billion, a PE ratio of 32.16 and a beta of 0.96.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of AAON by 99.2% during the third quarter. BNP Paribas Financial Markets now owns 10,305 shares of the construction company’s stock worth $1,111,000 after buying an additional 5,133 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of AAON by 1.0% in the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock worth $949,000 after buying an additional 89 shares in the last quarter. HighTower Advisors LLC boosted its position in AAON by 46.6% during the third quarter. HighTower Advisors LLC now owns 13,043 shares of the construction company’s stock worth $1,408,000 after acquiring an additional 4,146 shares during the last quarter. Quantinno Capital Management LP grew its stake in AAON by 3.1% during the 3rd quarter. Quantinno Capital Management LP now owns 6,486 shares of the construction company’s stock valued at $699,000 after acquiring an additional 192 shares in the last quarter. Finally, State Street Corp raised its holdings in AAON by 0.6% in the 3rd quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock valued at $213,257,000 after acquiring an additional 12,502 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David Raymond Stewart purchased 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $80.86 per share, with a total value of $80,860.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $242,580. The trade was a 50.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 18.55% of the company’s stock.

AAON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a $0.10 dividend. This is a positive change from AAON’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. AAON’s dividend payout ratio (DPR) is 19.90%.

AAON declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 4th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.