William Blair Comments on AAON’s Q4 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Analysts at William Blair dropped their Q4 2025 EPS estimates for AAON in a report released on Wednesday, April 2nd. William Blair analyst R. Merkel now forecasts that the construction company will post earnings of $0.69 per share for the quarter, down from their previous estimate 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.

A number of other analysts also recently issued reports on the stock. Robert W. Baird decreased their price objective 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. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Friday, February 28th. StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, DA Davidson lowered their target price on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.50.

AAON Stock Down 4.2 %

Shares of NASDAQ:AAON opened at $74.20 on Friday. The company has a market capitalization of $6.05 billion, a PE ratio of 32.69 and a beta of 0.96. AAON has a 1 year low of $69.52 and a 1 year 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 business has a fifty day moving average price of $94.25 and a two-hundred day moving average price of $112.03.

AAON announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to buy up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

AAON Increases Dividend

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

Insider Activity

In other news, Director David Raymond Stewart purchased 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $80.86 per share, with a total value of $80,860.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. This trade represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 18.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAON

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in AAON in the 4th quarter worth about $76,581,000. Raymond James Financial Inc. purchased a new position in shares of AAON during the fourth quarter worth about $73,313,000. First Trust Advisors LP increased its position in shares of AAON by 85.6% in the fourth quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company’s stock worth $125,813,000 after purchasing an additional 493,219 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in AAON in the fourth quarter valued at approximately $42,449,000. Finally, Invesco Ltd. raised its stake in AAON by 15.6% in the fourth quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company’s stock valued at $239,184,000 after purchasing an additional 274,119 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.