AAON (NASDAQ:AAON) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Posted by Stanley Muller on Aug 10th, 2026

AAON (NASDAQ:AAON – Get Free Report) issued its earnings results on Monday. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18, FiscalAI reports. The firm had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. AAON had a net margin of 7.30% and a return on equity of 13.67%.

AAON Price Performance

Shares of AAON opened at $94.83 on Monday. The company has a 50 day moving average price of $116.39 and a 200-day moving average price of $105.93. AAON has a fifty-two week low of $62.00 and a fifty-two week high of $150.46. The stock has a market capitalization of $7.77 billion, a PE ratio of 66.31, a PEG ratio of 2.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a $0.10 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s payout ratio is currently 27.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AAON shares. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. KeyCorp started coverage on shares of AAON in a research note on Thursday, July 23rd. They issued a “sector weight” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. Finally, Zacks Research lowered shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.00.

Get Our Latest Stock Report on AAON

Insider Activity

In related news, CEO Matthew Joseph Tobolski sold 8,000 shares of AAON stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 of the company’s stock, valued at $15,482,402.27. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the transaction, the executive vice president directly owned 10,997 shares of the company’s stock, valued at $1,543,868.83. This trade represents a 21.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 108,908 shares of company stock valued at $15,000,124. 18.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Shelton Capital Management purchased a new stake in shares of AAON during the 3rd quarter worth $224,000. iSAM Funds UK Ltd bought a new stake in AAON during the third quarter valued at about $198,000. Schroder Investment Management Group purchased a new position in AAON in the third quarter valued at about $219,000. Tower Research Capital LLC TRC grew its stake in AAON by 33.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,969 shares of the construction company’s stock valued at $145,000 after purchasing an additional 492 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in AAON by 14.7% in the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock worth $121,000 after purchasing an additional 211 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Company Profile

(Get Free Report)

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.