AAON (NASDAQ:AAON) Price Target Lowered to $125.00 at Oppenheimer

AAON (NASDAQ:AAON) had its target price reduced by stock analysts at Oppenheimer from $145.00 to $125.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Oppenheimer’s price target indicates a potential upside of 43.81% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. KeyCorp assumed coverage on AAON in a report on Thursday, July 23rd. They set a “sector weight” rating on the stock. Robert W. Baird reduced their price objective on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Zacks Research cut AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, AAON currently has an average rating of “Moderate Buy” and an average price target of $126.67.

AAON Price Performance

AAON stock opened at $86.92 on Tuesday. The firm has a market cap of $7.12 billion, a PE ratio of 60.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The stock’s fifty day moving average price is $115.40 and its two-hundred day moving average price is $105.91. AAON has a one year low of $72.09 and a one year high of $150.46.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. The company had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The firm’s quarterly revenue was up 101.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. As a group, research analysts expect that AAON will post 2.24 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares of the company’s stock, valued at $1,861,932.90. The trade was a 18.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary D. Fields sold 19,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.20, for a total value of $2,663,800.00. Following the sale, the director owned 15,252 shares of the company’s stock, valued at approximately $2,138,330.40. This represents a 55.47% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 77,637 shares of company stock valued at $10,807,621. 18.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AAON

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of AAON during the 4th quarter valued at approximately $45,000. Danske Bank A S bought a new position in AAON in the 3rd quarter worth approximately $47,000. Huntington National Bank boosted its holdings in AAON by 21.1% in the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after buying an additional 120 shares during the period. Finally, UMB Bank n.a. grew its stake in AAON by 46.8% in the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after buying an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Key Headlines Impacting AAON

Here are the key news stories impacting AAON this week:

• Positive Sentiment: AAON reported record second-quarter revenue of approximately $627 million, up 101.2% year over year, while adjusted EPS of $0.69 exceeded the roughly $0.51–$0.52 analyst consensus. Operating income rose 192%, and backlog increased 98% to about $2.0 billion, reflecting strong demand—particularly for data-center cooling equipment. AAON Reports Record Second Quarter 2026 Results
• Positive Sentiment: The company raised its full-year outlook, calling for 2026 sales growth of 55% to 60% and revenue of approximately $2.2 billion to $2.3 billion. Management cited strong backlog, expanded capacity, and improving production execution. AAON Posts Record Q2 Results
• Neutral Sentiment: Institutional trading was mixed: several large investors added shares, including Wellington Management, Capital World Investors, and State Street, while Capital International Investors and other funds reduced or eliminated positions. This suggests differing views after AAON’s rapid run-up.
• Negative Sentiment: Investors were disappointed that full-year gross-margin guidance was set at approximately 25% to 26%, with SG&A at 13% to 14% of sales. The margin outlook indicates that capacity expansion, ramp-up costs, and execution pressures remain despite the revenue and EPS beat. AAON Reports Strong Q2 Results but Lowers FY26 Margin Guidance
• Negative Sentiment: Robert W. Baird lowered its AAON price target from $150 to $135, although it maintained an “outperform” rating. The reduction reinforces concerns that expectations and valuation had become difficult to sustain, with AAON trading at a high earnings multiple. Benzinga Price Target Update
• Negative Sentiment: Recent insider activity was a potential overhang: company insiders reportedly made 17 open-market sales and no purchases during the past six months. Profit-taking before and after earnings may be adding to short-term selling pressure.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.