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

M&T Bank Corp decreased its holdings in AAON, Inc. (NASDAQ:AAON) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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.

A number of other institutional investors have also recently made changes to their positions in AAON. Wellington Management Group LLP lifted its holdings in shares of AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after acquiring an additional 3,966,088 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of AAON by 96.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after acquiring an additional 1,138,658 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of AAON by 136.4% in the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after acquiring an additional 1,115,566 shares during the last quarter. Bamco Inc. NY bought a new position in shares of AAON in the 3rd quarter valued at about $67,922,000. Finally, Capital World Investors bought a new position in shares of AAON in the 3rd quarter valued at about $49,462,000. Institutional investors own 70.81% of the company’s stock.

Key Headlines Impacting AAON

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

AAON Stock Up 8.1%

Shares of NASDAQ AAON opened at $139.66 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.84. The company has a market cap of $11.39 billion, a P/E ratio of 97.66, a PEG ratio of 4.03 and a beta of 1.24. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $149.00. The firm has a 50-day simple moving average of $90.23 and a two-hundred day simple moving average of $90.83.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17. The business had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The firm’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. Research analysts anticipate that AAON, Inc. will post 2 earnings per share for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.3%. AAON’s dividend payout ratio (DPR) is presently 30.77%.

Insider Activity

In other news, CAO Rebecca Thompson sold 400 shares of AAON stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $100.27, for a total transaction of $40,108.00. Following the completion of the sale, the chief accounting officer owned 27,681 shares of the company’s stock, valued at approximately $2,775,573.87. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00. Following the sale, the insider directly owned 12,662 shares of the company’s stock, valued at $1,139,580. This represents a 29.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 37,118 shares of company stock valued at $3,665,241. 18.09% of the stock is owned by insiders.

Analysts Set New Price Targets

AAON has been the subject of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a report on Friday. William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.75.

AAON Company 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.