M&T Bank Corp Sells 6,033 Shares of AAON, Inc. $AAON

M&T Bank Corp lessened its stake in shares of AAON, Inc. (NASDAQ:AAON) by 21.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,512 shares of the construction company’s stock after selling 6,033 shares during the period. M&T Bank Corp’s holdings in AAON were worth $1,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Comerica Bank raised its holdings in shares of AAON by 23.7% in the 4th quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock valued at $18,183,000 after purchasing an additional 45,660 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of AAON by 33.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 6,280 shares of the construction company’s stock valued at $479,000 after purchasing an additional 1,557 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of AAON by 53.2% during the fourth quarter. Impax Asset Management Group plc now owns 1,403,648 shares of the construction company’s stock valued at $107,028,000 after purchasing an additional 487,601 shares in the last quarter. Copeland Capital Management LLC raised its stake in AAON by 9.9% in the fourth quarter. Copeland Capital Management LLC now owns 799,977 shares of the construction company’s stock worth $60,998,000 after buying an additional 71,853 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AAON by 7.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,764 shares of the construction company’s stock worth $1,812,000 after buying an additional 1,551 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Key AAON News

Here are the key news stories impacting AAON this week:

• Positive Sentiment: AAON posted record Q1 2026 sales of $496.9 million, up 54.3% year over year, while diluted EPS rose to $0.48, both ahead of expectations. Article Title
• Positive Sentiment: The company raised 2026 guidance, now expecting revenue growth of 40% to 45% and gross margins of about 27% to 28%, signaling management confidence in continued momentum. Article Title
• Positive Sentiment: Backlog jumped 107.4% to a record $2.1 billion, driven by strong demand from the data center market, which investors are viewing as a long runway for growth. Article Title
• Neutral Sentiment: Management said improving production throughput and higher utilization are starting to support margins, suggesting more operating leverage ahead. Article Title
• Neutral Sentiment: Analysts noted the stock’s move is also being fueled by AAON’s role as a “picks-and-shovels” supplier for the data center build-out, reinforcing the growth narrative. Article Title

Analysts Set New Price Targets

A number of equities analysts recently commented on AAON shares. William Blair reissued an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Finally, DA Davidson reissued a “buy” rating and issued a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.75.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $139.66 on Friday. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 97.66, a price-to-earnings-growth ratio of 4.03 and a beta of 1.24. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $149.00. The company has a quick ratio of 1.84, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $90.23 and a 200 day moving average of $90.83.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The business had revenue of $496.94 million for the quarter, compared to the consensus estimate of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 earnings per share. On average, sell-side analysts predict that AAON, Inc. will post 2 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s dividend payout ratio is presently 30.77%.

Insiders Place Their Bets

In other news, insider Casey Kidwell sold 5,225 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the transaction, the insider directly owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. This represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Rebecca Thompson sold 21,914 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $100.21, for a total value of $2,196,001.94. Following the transaction, the chief accounting officer directly owned 27,681 shares in the company, valued at approximately $2,773,913.01. The trade was a 44.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 37,118 shares of company stock worth $3,665,241. Insiders own 18.09% of the company’s stock.

AAON Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.