William Blair Has Bearish Estimate for AAON FY2026 Earnings

AAON, Inc. (NASDAQ:AAON) – Investment analysts at William Blair decreased their FY2026 earnings per share (EPS) estimates for AAON in a research report issued on Wednesday, June 11th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $2.78 for the year, down from their prior forecast of $3.20. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s FY2027 earnings at $3.50 EPS.

Several other equities analysts also recently weighed in on AAON. Robert W. Baird reduced their target price on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. DA Davidson reduced their target price on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Friday, February 28th. Finally, Wall Street Zen downgraded AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.50.

AAON Stock Down 2.2%

AAON opened at $74.15 on Friday. The business’s fifty day simple moving average is $91.64 and its 200 day simple moving average is $103.46. AAON has a 52 week low of $68.98 and a 52 week high of $144.07. The firm has a market cap of $6.03 billion, a P/E ratio of 32.67 and a beta of 1.03. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. The business had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share.

Institutional Investors Weigh In On AAON

A number of large investors have recently modified their holdings of the stock. Rakuten Securities Inc. grew its stake in AAON by 613.3% during the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after purchasing an additional 276 shares in the last quarter. Versant Capital Management Inc grew its stake in AAON by 652.3% during the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock valued at $26,000 after purchasing an additional 287 shares in the last quarter. Twin Tree Management LP acquired a new stake in AAON during the 4th quarter valued at approximately $33,000. Quarry LP grew its stake in AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after purchasing an additional 103 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in AAON during the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at AAON

In other news, CEO Gary D. Fields sold 8,357 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $98.66, for a total value of $824,501.62. Following the completion of the sale, the chief executive officer now owns 26,491 shares in the company, valued at approximately $2,613,602.06. This trade represents a 23.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gordon Douglas Wichman sold 21,302 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the sale, the director now owns 8,754 shares of the company’s stock, valued at approximately $914,617.92. This trade represents a 70.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,823 shares of company stock worth $7,122,451 in the last three months. 18.70% of the stock is currently owned by company insiders.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. AAON’s dividend payout ratio (DPR) is 21.05%.

AAON declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.