William Blair Forecasts AAON’s Q4 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Analysts at William Blair dropped their Q4 2025 earnings per share (EPS) estimates for AAON in a research note issued to investors on Tuesday, March 4th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $0.70 for the quarter, down from their prior estimate of $0.73. The consensus estimate for AAON’s current full-year earnings is $2.26 per share.

Several other analysts have also recently commented on AAON. Robert W. Baird decreased their price target 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 cut their price target on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company 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, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.50.

AAON Stock Up 8.9 %

Shares of NASDAQ:AAON opened at $81.94 on Wednesday. AAON has a 12 month low of $69.52 and a 12 month high of $144.07. The firm has a market cap of $6.66 billion, a P/E ratio of 36.10 and a beta of 0.87. 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’s 50-day moving average price is $114.73 and its two-hundred day moving average price is $114.16.

Hedge Funds Weigh In On AAON

Institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. raised its stake in AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after buying an additional 193 shares during the period. Twin Tree Management LP bought a new stake in shares of AAON in the fourth quarter worth about $33,000. Quarry LP raised its position 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 period. UMB Bank n.a. lifted its holdings in shares of AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after purchasing an additional 131 shares in the last quarter. Finally, Westside Investment Management Inc. acquired a new position in shares of AAON in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at AAON

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

AAON announced that its Board of Directors has approved a stock repurchase 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 repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

AAON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be paid 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 dividend on an annualized basis and a dividend yield of 0.49%. AAON’s payout ratio is 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.