William Blair Has Negative Outlook for AAON Q4 Earnings

AAON, Inc. (NASDAQ:AAON) – Research analysts at William Blair decreased their Q4 2025 earnings per share estimates for AAON in a research report issued on Monday, August 11th. William Blair analyst R. Merkel now anticipates that the construction company will earn $0.46 per share for the quarter, down from their prior estimate of $0.60. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q1 2026 earnings at $0.44 EPS, Q2 2026 earnings at $0.52 EPS and FY2026 earnings at $2.32 EPS.

A number of other equities analysts also recently commented on AAON. Sidoti upgraded shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Monday, June 16th. DA Davidson lowered their target price on shares of AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Robert W. Baird lowered their target price on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $102.00.

AAON Stock Performance

Shares of AAON stock opened at $82.95 on Tuesday. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $78.27 and a 200 day moving average price of $88.01. The company has a market cap of $6.75 billion, a P/E ratio of 56.43 and a beta of 0.94. AAON has a 12 month low of $62.00 and a 12 month high of $144.07.

AAON (NASDAQ:AAON) last issued its earnings results on Monday, August 11th. The construction company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). The firm had revenue of $311.57 million for the quarter, compared to analyst estimates of $326.15 million. AAON had a return on equity of 15.55% and a net margin of 9.70%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS.

Hedge Funds Weigh In On AAON

Several large investors have recently bought and sold shares of the stock. Curi RMB Capital LLC boosted its stake in AAON by 0.5% in the fourth quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company’s stock valued at $2,177,000 after acquiring an additional 100 shares in the last quarter. Quarry LP boosted its stake in AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after acquiring an additional 103 shares in the last quarter. Parallel Advisors LLC boosted its stake in AAON by 26.3% in the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock valued at $56,000 after acquiring an additional 149 shares in the last quarter. Cresset Asset Management LLC boosted its stake in AAON by 1.3% in the first quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock valued at $949,000 after acquiring an additional 157 shares in the last quarter. Finally, CWM LLC boosted its stake in AAON by 25.7% in the first quarter. CWM LLC now owns 938 shares of the construction company’s stock valued at $73,000 after acquiring an additional 192 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at AAON

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the company’s stock in a transaction on 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 transaction, the director owned 8,754 shares in the company, valued at $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.55% of the stock is owned by corporate insiders.

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.