Research Analysts Set Expectations for AAON Q2 Earnings

AAON, Inc. (NASDAQ:AAON) – Stock analysts at KeyCorp issued their Q2 2026 earnings estimates for shares of AAON in a research report issued to clients and investors on Wednesday, July 22nd. KeyCorp analyst D. Tarantino forecasts that the construction company will post earnings of $0.51 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for AAON’s current full-year earnings is $2.24 per share. KeyCorp also issued estimates for AAON’s Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.57 EPS, FY2026 earnings at $2.23 EPS, FY2027 earnings at $3.35 EPS and FY2028 earnings at $4.60 EPS.

Other research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Zacks Research lowered shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

AAON Stock Performance

Shares of AAON opened at $93.74 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. AAON has a one year low of $62.00 and a one year high of $150.46. The firm has a market capitalization of $7.68 billion, a P/E ratio of 65.55, a PEG ratio of 2.82 and a beta of 1.41. The business has a fifty day moving average of $123.80 and a 200 day moving average of $105.72.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.17. The firm had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company’s revenue was up 54.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s payout ratio is presently 27.97%.

Insider Activity

In related news, CEO Matthew Joseph Tobolski sold 8,000 shares of AAON stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the transaction, the chief executive officer directly owned 114,371 shares in the company, valued at approximately $15,482,402.27. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rebecca Thompson sold 4,230 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total value of $606,666.60. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 118,580 shares of company stock worth $16,321,222. Company insiders own 18.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock worth $442,896,000 after buying an additional 3,966,088 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of AAON by 8,956.4% in the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock valued at $93,231,000 after acquiring an additional 1,209,205 shares in the last quarter. Norges Bank purchased a new position in shares of AAON in the fourth quarter valued at about $41,584,000. Impax Asset Management Group plc boosted its stake in shares of AAON by 53.2% in the fourth quarter. Impax Asset Management Group plc now owns 1,403,648 shares of the construction company’s stock worth $107,028,000 after acquiring an additional 487,601 shares during the period. Finally, Wasatch Advisors LP boosted its stake in shares of AAON by 27.1% in the third quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock worth $199,864,000 after acquiring an additional 456,560 shares during the period. Institutional investors own 70.81% of the company’s stock.

About AAON

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.