Research Analysts Set Expectations for AAON, Inc.’s FY2024 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – William Blair upped their FY2024 earnings per share estimates for shares of AAON in a research note issued to investors on Thursday, August 1st. William Blair analyst R. Merkel now expects that the construction company will earn $2.33 per share for the year, up from their prior estimate of $2.26. William Blair has a “Outperform” rating on the stock. The consensus estimate for AAON’s current full-year earnings is $2.24 per share. William Blair also issued estimates for AAON’s Q2 2025 earnings at $0.78 EPS and FY2025 earnings at $2.96 EPS.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. AAON had a return on equity of 26.08% and a net margin of 15.60%. The company had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. During the same period in the previous year, the business earned $0.55 EPS. AAON’s quarterly revenue was up 10.4% on a year-over-year basis.

Several other research firms have also commented on AAON. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. DA Davidson restated a “buy” rating and issued a $102.00 price target on shares of AAON in a research report on Wednesday, June 26th. Baird R W upgraded AAON to a “hold” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird upped their price target on AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $102.00.

AAON Trading Up 0.9 %

NASDAQ:AAON opened at $86.27 on Monday. AAON has a 12 month low of $52.24 and a 12 month high of $96.34. The stock has a 50 day moving average of $82.75 and a two-hundred day moving average of $82.18. The firm has a market cap of $7.09 billion, a P/E ratio of 40.13 and a beta of 0.80.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in AAON by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock worth $641,267,000 after purchasing an additional 61,544 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in AAON by 99.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock worth $1,520,000 after purchasing an additional 8,613 shares in the last quarter. Jump Financial LLC lifted its stake in AAON by 200.0% during the fourth quarter. Jump Financial LLC now owns 51,000 shares of the construction company’s stock worth $3,767,000 after purchasing an additional 34,000 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of AAON by 79.8% in the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after acquiring an additional 26,141 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of AAON in the fourth quarter valued at $22,784,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 29,946 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares in the company, valued at $1,412,337.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Rebecca Thompson sold 13,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total value of $1,039,500.00. Following the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at $1,331,869. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 29,946 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the transaction, the vice president now owns 15,670 shares in the company, valued at $1,412,337.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,646 shares of company stock worth $5,885,399. Insiders own 18.55% of the company’s stock.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, June 7th. AAON’s dividend payout ratio is presently 14.88%.

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.