William Blair Has Optimistic Outlook of AAON Q1 Earnings

AAON, Inc. (NASDAQ:AAON) – William Blair lifted their Q1 2025 earnings estimates for AAON in a research note issued to investors on Tuesday, March 4th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.23. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q2 2025 earnings at $0.59 EPS and Q3 2025 earnings at $0.78 EPS.

A number of other equities research analysts also recently commented on AAON. CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Friday, February 28th. DA Davidson lowered their price target 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. Robert W. Baird lowered their price target 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. Finally, StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Stock Performance

Shares of NASDAQ AAON opened at $81.25 on Thursday. The company has a market cap of $6.60 billion, a PE ratio of 35.79 and a beta of 0.87. AAON has a 12 month low of $69.52 and a 12 month high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The company has a 50-day simple moving average of $113.90 and a 200-day simple moving average of $113.94.

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

AAON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. This is a positive change from AAON’s previous quarterly dividend of $0.08. AAON’s dividend payout ratio is currently 15.92%.

Insider Transactions at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the transaction, the vice president now owns 4,558 shares in the company, valued at $597,052.42. This represents a 54.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 18.55% of the company’s stock.

Hedge Funds Weigh In On AAON

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC lifted its holdings in AAON by 5,040.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company’s stock valued at $284,000 after acquiring an additional 2,369 shares during the last quarter. SG Americas Securities LLC lifted its holdings in AAON by 691.1% in the 4th quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company’s stock valued at $2,903,000 after acquiring an additional 21,548 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in AAON by 39.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock valued at $31,121,000 after acquiring an additional 81,111 shares during the last quarter. Wolverine Trading LLC acquired a new stake in AAON in the 3rd quarter valued at about $471,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in AAON in the 4th quarter valued at about $1,099,000. Institutional investors own 70.81% of the company’s stock.

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.