William Blair Issues Negative Estimate for AAON Earnings

AAON, Inc. (NASDAQ:AAON) – Stock analysts at William Blair lowered their Q4 2025 earnings per share (EPS) estimates for shares of AAON in a research note issued to investors on Tuesday, March 4th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.73. The consensus estimate for AAON’s current full-year earnings is $2.26 per share.

Other analysts have also issued reports about the stock. Robert W. Baird cut their target price on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. StockNews.com cut AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. DA Davidson cut their target price on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Trading Up 2.4 %

Shares of AAON stock opened at $75.25 on Wednesday. The stock has a 50-day simple moving average of $114.73 and a 200 day simple moving average of $114.16. The stock has a market capitalization of $6.12 billion, a P/E ratio of 33.15 and a beta of 0.87. AAON has a fifty-two week low of $69.52 and a fifty-two week high of $144.07. 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 announced that its board has initiated a share buyback plan on Tuesday, March 4th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at AAON

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

Institutional Investors Weigh In On AAON

Several institutional investors have recently made changes to their positions in AAON. Avior Wealth Management LLC lifted its stake in AAON by 5,040.4% in the fourth 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 position in shares of 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 during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of AAON by 39.1% in the third quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock worth $31,121,000 after buying an additional 81,111 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of AAON during the 3rd quarter worth $471,000. Finally, Caldwell Investment Management Ltd. acquired a new position in AAON in the 4th quarter valued at $1,099,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.