Analysts Offer Predictions for AAON, Inc.’s Q1 2024 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Analysts at William Blair issued their Q1 2024 earnings per share (EPS) estimates for AAON in a research note issued on Monday, April 29th. William Blair analyst R. Merkel forecasts that the construction company will earn $0.53 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for AAON’s current full-year earnings is $2.29 per share. William Blair also issued estimates for AAON’s Q2 2024 earnings at $0.58 EPS, Q3 2024 earnings at $0.64 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.40 EPS and FY2025 earnings at $3.15 EPS.

AAON Trading Up 0.3 %

Shares of AAON stock opened at $94.09 on Wednesday. AAON has a 1 year low of $52.24 and a 1 year high of $96.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54. The stock has a market cap of $7.72 billion, a PE ratio of 44.10 and a beta of 0.91. The firm has a fifty day moving average price of $85.91 and a 200 day moving average price of $73.93.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. AAON had a return on equity of 27.20% and a net margin of 15.20%. The company had revenue of $306.60 million during the quarter, compared to analysts’ expectations of $294.35 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AAON. Exchange Traded Concepts LLC acquired a new position in shares of AAON in the third quarter worth $65,000. Xponance Inc. increased its holdings in AAON by 51.3% during the 3rd quarter. Xponance Inc. now owns 4,004 shares of the construction company’s stock worth $228,000 after purchasing an additional 1,357 shares during the period. Maryland State Retirement & Pension System raised its position in AAON by 48.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 24,865 shares of the construction company’s stock valued at $1,414,000 after purchasing an additional 8,167 shares in the last quarter. Raymond James & Associates boosted its stake in shares of AAON by 51.2% in the 3rd quarter. Raymond James & Associates now owns 94,784 shares of the construction company’s stock valued at $5,390,000 after buying an additional 32,085 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of AAON by 49.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 154,102 shares of the construction company’s stock worth $8,764,000 after buying an additional 50,919 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity at AAON

In other news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the transaction, the director now owns 53,093 shares in the company, valued at approximately $4,247,970.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the transaction, the director now owns 14,874 shares in the company, valued at $1,209,256.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the sale, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The disclosure for this sale can be found here. Insiders sold a total of 44,596 shares of company stock worth $3,613,768 in the last 90 days. Corporate insiders own 18.55% of the company’s stock.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s payout ratio is currently 15.00%.

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.