Oppenheimer Cuts AAON (NASDAQ:AAON) Price Target to $125.00

AAON (NASDAQ:AAON) had its price objective decreased by Oppenheimer from $145.00 to $125.00 in a research note published on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the construction company’s stock.

AAON has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. KeyCorp started coverage on AAON in a research note on Thursday, July 23rd. They set a “sector weight” rating on the stock. Robert W. Baird decreased their price objective on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Zacks Research downgraded AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.67.

AAON Stock Performance

NASDAQ AAON opened at $87.67 on Tuesday. The company has a fifty day moving average price of $111.87 and a 200-day moving average price of $105.71. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 1.61 and a beta of 1.45. 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 1 year low of $73.19 and a 1 year high of $150.46.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The company had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.86%. The firm’s revenue was up 101.2% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. As a group, equities research analysts predict that AAON will post 2.3 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON’s dividend payout ratio is 20.83%.

Insider Buying and Selling at AAON

In other news, CAO Rebecca Thompson sold 4,230 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary D. Fields sold 21,173 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.34, for a total transaction of $2,971,418.82. Following the completion of the transaction, the director owned 34,252 shares of the company’s stock, valued at $4,806,925.68. This trade represents a 38.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 47,403 shares of company stock valued at $6,663,055 in the last quarter. 18.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AAON

A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. Summit Securities Group LLC purchased a new stake in AAON in the fourth quarter valued at approximately $45,000. Danske Bank A S bought a new stake in AAON during the third quarter valued at approximately $47,000. Huntington National Bank lifted its position in AAON by 21.1% during the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in AAON by 46.8% in the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock worth $67,000 after buying an additional 282 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Key Stories Impacting AAON

Here are the key news stories impacting AAON this week:

• Positive Sentiment: Strong Q2 performance: AAON reported earnings of $0.69 per share, well above the $0.51 consensus estimate, while revenue surged 101.2% year over year to approximately $627 million, exceeding expectations of $509 million. AAON, Inc. Q2 2026 Earnings Call Summary
• Positive Sentiment: Robust growth outlook: Management forecasts 2026 sales growth of 55% to 60% and is targeting a 25% to 26% gross margin. Expected acceleration in BASX orders and margin-expansion initiatives are supporting the bullish outlook. AAON forecasts 2026 sales growth
• Positive Sentiment: Analyst support: William Blair reiterated a Buy rating, citing expected BASX order acceleration and potential margin expansion. The continued bullish stance may be helping sentiment. Analyst reiterates Buy on AAON
• Positive Sentiment: Quarterly dividend declared: AAON’s board approved a $0.10-per-share dividend, or $0.40 annually, payable September 25 to shareholders of record September 4. While the roughly 0.5% yield is modest, the payment reinforces shareholder returns. AAON Announces Quarterly Cash Dividend
• Neutral Sentiment: Brokerages collectively rate AAON a “Moderate Buy,” but analyst opinions remain mixed, suggesting expectations are positive but not unanimous.
• Negative Sentiment: Robert W. Baird issued a pessimistic forecast for AAON, creating a counterweight to the Buy reiteration and highlighting valuation or execution concerns.

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.