William Blair Forecasts AAON’s Q1 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Stock analysts at William Blair lowered their Q1 2025 earnings estimates for shares of AAON in a report issued on Thursday, February 20th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.50. 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 $0.77 EPS, FY2025 earnings at $3.04 EPS, FY2026 earnings at $3.97 EPS and FY2027 earnings at $4.77 EPS.

Other analysts have also issued research reports about the stock. DA Davidson lifted their price objective on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird lifted their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

AAON Stock Performance

NASDAQ:AAON opened at $100.29 on Monday. The company has a fifty day moving average of $118.93 and a 200-day moving average of $114.40. The firm has a market capitalization of $8.15 billion, a P/E ratio of 44.18 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON has a twelve month low of $70.28 and a twelve month high of $144.07.

Institutional Investors Weigh In On AAON

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in shares of AAON by 5,040.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company’s stock valued at $284,000 after buying an additional 2,369 shares during the period. SG Americas Securities LLC boosted its stake in AAON by 691.1% in the fourth quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company’s stock worth $2,903,000 after buying an additional 21,548 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of AAON by 39.1% during the third quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock valued at $31,121,000 after purchasing an additional 81,111 shares during the period. Wolverine Trading LLC purchased a new stake in shares of AAON during the third quarter valued at approximately $471,000. Finally, Caldwell Investment Management Ltd. purchased a new stake in shares of AAON during the fourth quarter valued at approximately $1,099,000. 70.81% of the stock is currently owned by institutional investors.

Insider Activity at AAON

In related news, CFO Rebecca Thompson sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the transaction, the chief financial officer now directly owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the transaction, the vice president now directly owns 4,558 shares in the company, valued at $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by 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.