William Blair Weighs in on AAON’s Q3 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – William Blair dropped their Q3 2025 earnings estimates for AAON in a report released on Monday, August 11th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $0.34 for the quarter, down from their prior estimate of $0.66. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s FY2025 earnings at $1.38 EPS, Q1 2026 earnings at $0.37 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.51 EPS and Q4 2026 earnings at $0.73 EPS.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). The company had revenue of $311.57 million during the quarter, compared to analysts’ expectations of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS.

A number of other analysts have also weighed in on the stock. Sidoti upgraded shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Monday, June 16th. DA Davidson cut their price objective on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock 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, August 9th. Finally, Robert W. Baird cut their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $102.00.

AAON Trading Down 5.9%

NASDAQ AAON opened at $83.11 on Wednesday. The company has a fifty day simple moving average of $77.89 and a two-hundred day simple moving average of $87.81. The stock has a market cap of $6.78 billion, a P/E ratio of 56.54 and a beta of 0.94. AAON has a 12-month low of $62.00 and a 12-month high of $144.07. The company has a current ratio of 3.10, a quick ratio of 1.80 and a debt-to-equity ratio of 0.38.

Institutional Trading of AAON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAON. Rakuten Securities Inc. grew its position in AAON by 613.3% during the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after buying an additional 276 shares during the period. EverSource Wealth Advisors LLC grew its position in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares during the period. Versant Capital Management Inc grew its position in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock valued at $26,000 after buying an additional 287 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in AAON during the second quarter valued at $26,000. Finally, Quarry LP grew its position in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the sale, the director owned 8,754 shares in the company, valued at approximately $914,617.92. This trade represents a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.70% of the company’s stock.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio is presently 27.21%.

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.