William Blair Estimates AAON’s FY2024 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Investment analysts at William Blair dropped their FY2024 earnings per share estimates for shares of AAON in a research report issued to clients and investors on Thursday, November 7th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $2.28 for the year, down from their previous forecast of $2.33. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q4 2024 earnings at $0.56 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $0.88 EPS and FY2025 earnings at $3.20 EPS.

A number of other research firms have also recently commented on AAON. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and upped their price objective for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. DA Davidson increased their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird lifted their price target on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AAON has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $140.75 on Monday. The firm’s 50 day simple moving average is $106.97 and its 200 day simple moving average is $91.93. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 62.00 and a beta of 0.79. AAON has a fifty-two week low of $57.56 and a fifty-two week high of $144.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. AAON had a return on equity of 25.34% and a net margin of 15.78%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share.

Institutional Investors Weigh In On AAON

A number of large investors have recently added to or reduced their stakes in AAON. Vanguard Group Inc. grew its stake in shares of AAON by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after acquiring an additional 61,544 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in AAON by 1.9% during the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock valued at $229,180,000 after purchasing an additional 39,059 shares in the last quarter. Geneva Capital Management LLC lifted its stake in AAON by 1.5% during the third quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock worth $183,135,000 after purchasing an additional 24,384 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AAON by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after purchasing an additional 24,095 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of AAON by 12.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,225,600 shares of the construction company’s stock worth $132,169,000 after buying an additional 136,530 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. AAON’s payout ratio is 14.10%.

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.