AAON (NASDAQ:AAON) Shares Down 7.4% – What’s Next?

Posted by Stanley Muller on Oct 15th, 2026

AAON, Inc. (NASDAQ:AAON – Get Free Report)’s stock price was down 7.4% during mid-day trading on Thursday. The stock traded as low as $75.45 and last traded at $74.5940. Approximately 603,684 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 1,055,154 shares. The stock had previously closed at $80.53.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAON. DA Davidson restated a “buy” rating and set a $110.00 price objective on shares of AAON in a report on Tuesday, September 15th. KeyCorp reiterated a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th. Oppenheimer reissued an “outperform” rating and set a $115.00 target price (down from $125.00) on shares of AAON in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Monday. Finally, Robert W. Baird reduced their target price on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Four equities research 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, AAON currently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

View Our Latest Analysis on AAON

AAON Stock Down 7.4%

The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 1.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 2.01. The stock has a 50-day moving average of $81.71 and a 200-day moving average of $101.87.

AAON (NASDAQ:AAON – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. The firm had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%. The company’s revenue was up 101.2% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. Sell-side analysts predict that AAON, Inc. will post 2.35 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio is currently 20.83%.

Insider Transactions at AAON

In other news, EVP Matthew Shaub acquired 457 shares of AAON stock in a transaction on Friday, August 28th. The shares were purchased at an average cost of $76.42 per share, for a total transaction of $34,923.94. Following the completion of the purchase, the executive vice president directly owned 3,136 shares of the company’s stock, valued at approximately $239,653.12. This represents a 17.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Stewart bought 1,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $74.66 per share, for a total transaction of $74,660.00. Following the completion of the acquisition, the director owned 4,000 shares in the company, valued at approximately $298,640. This trade represents a 33.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 18.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AAON. Wasatch Advisors LP increased its stake in shares of AAON by 3.1% in the 2nd quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock valued at $296,664,000 after purchasing an additional 70,399 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of AAON by 22.1% during the 1st quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock worth $166,594,000 after buying an additional 364,101 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of AAON during the 2nd quarter worth $55,284,000. American Capital Management Inc. bought a new position in shares of AAON in the second quarter worth about $47,595,000. Finally, Rockefeller Capital Management L.P. boosted its position in AAON by 24.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 326,463 shares of the construction company’s stock valued at $24,893,000 after buying an additional 64,314 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Company Profile

(Get Free Report)

AAON, Inc (NASDAQ:AAON) designs and manufactures high-efficiency heating, ventilation, and air conditioning (HVAC) equipment for commercial and industrial applications. The company is headquartered in Tulsa, Oklahoma, and was founded in 1988 by Norm Asbjornson.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers, and related HVAC components. AAON’s equipment is used in applications such as office buildings, schools, healthcare facilities, retail properties, data centers, and other commercial or industrial structures.

AAON sells its products primarily through manufacturer representatives and other distribution channels serving customers in the United States and Canada.