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

AAON, Inc. (NASDAQ:AAON) – Equities research analysts at William Blair reduced their Q1 2025 earnings per share (EPS) estimates for AAON in a report issued on Thursday, February 20th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $0.47 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.

Several other equities analysts also recently weighed in on AAON. DA Davidson raised their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird raised their target price on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AAON presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Price Performance

Shares of NASDAQ:AAON opened at $100.29 on Monday. AAON has a 1-year low of $70.28 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 $118.93 and a 200-day moving average price of $114.40. The company has a market capitalization of $8.15 billion, a PE ratio of 44.18 and a beta of 0.87.

Institutional Trading of AAON

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of AAON by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company’s stock worth $734,262,000 after purchasing an additional 75,832 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of AAON by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after buying an additional 150,207 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of AAON by 1.9% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock worth $229,180,000 after buying an additional 39,059 shares during the period. Invesco Ltd. raised its position in shares of AAON by 15.6% in the 4th quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company’s stock worth $239,184,000 after acquiring an additional 274,119 shares in the last quarter. Finally, State Street Corp raised its position in shares of AAON by 0.6% in the 3rd quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock worth $213,257,000 after acquiring an additional 12,502 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Transactions at AAON

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