What is William Blair’s Forecast for AAON Q4 Earnings?

AAON, Inc. (NASDAQ:AAON) – Research analysts at William Blair lowered their Q4 2025 earnings estimates for AAON in a report released on Wednesday, April 2nd. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.70. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q3 2026 earnings at $0.91 EPS, FY2026 earnings at $3.14 EPS and FY2027 earnings at $4.03 EPS.

AAON has been the subject of a number of other research reports. Robert W. Baird reduced their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a research 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 on the stock in a research report on Friday, February 28th. Finally, CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AAON has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Price Performance

Shares of NASDAQ AAON opened at $74.20 on Friday. The company has a 50 day simple moving average of $94.25 and a two-hundred day simple moving average of $112.03. AAON has a fifty-two week low of $69.52 and a fifty-two week high of $144.07. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 32.69 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON announced that its Board of Directors has approved a share buyback plan on Tuesday, March 4th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the construction company to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

AAON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.54%. This is an increase from AAON’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, March 18th. AAON’s dividend payout ratio (DPR) is presently 19.90%.

Insiders Place Their Bets

In related news, Director David Raymond Stewart bought 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $80.86 per share, with a total value of $80,860.00. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $242,580. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 18.55% of the stock is owned by insiders.

Hedge Funds Weigh In On AAON

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. increased its position in AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after acquiring an additional 193 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of AAON during the 4th quarter valued at about $33,000. Quarry LP increased its position in shares of 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 during the last quarter. UMB Bank n.a. lifted its stake in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after purchasing an additional 131 shares during the period. Finally, Westside Investment Management Inc. purchased a new position in shares of AAON in the third quarter worth approximately $36,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.