AAON, Inc. (NASDAQ:AAON) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Posted by George Bondi on Nov 3rd, 2026

AAON, Inc. (NASDAQ:AAON – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $120.00.

A number of brokerages have recently weighed in on AAON. Oppenheimer reiterated an “outperform” rating and set a $115.00 price target (down from $125.00) on shares of AAON in a research report on Wednesday, October 14th. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. DA Davidson began coverage on shares of AAON in a research report on Tuesday, September 15th. They set a “buy” rating and a $110.00 price objective for the company. Robert W. Baird cut their target price on AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Monday, October 12th.

View Our Latest Analysis on AAON

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP lifted 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 acquiring an additional 70,399 shares during the last quarter. First Trust Advisors LP boosted 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 valued at $166,594,000 after acquiring an additional 364,101 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of AAON during the 2nd quarter valued at $55,284,000. American Capital Management Inc. bought a new stake in AAON during the 2nd quarter worth $47,595,000. Finally, Senvest Management LLC grew its position in AAON by 63.9% during the 1st quarter. Senvest Management LLC now owns 310,740 shares of the construction company’s stock worth $25,714,000 after acquiring an additional 121,200 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Trading Up 0.9%

AAON opened at $67.99 on Tuesday. AAON has a twelve month low of $65.55 and a twelve month high of $150.46. The company has a 50-day simple moving average of $78.42 and a 200 day simple moving average of $97.60. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 35.41, a P/E/G ratio of 1.40 and a beta of 1.41.

AAON (NASDAQ:AAON – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share (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 the consensus estimate of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.32%. The business’s revenue for the quarter was up 101.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. Analysts predict that AAON will post 2.35 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.10 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. AAON’s dividend payout ratio (DPR) is presently 20.83%.

AAON Company Profile

(Get Free Report)

AAON, Inc designs and manufactures high-performance heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. Its product portfolio includes rooftop units, air-handling units, condensing units, chillers, geothermal heat pumps and related HVAC controls.

The company’s systems are used in applications such as office buildings, schools, healthcare facilities, retail properties, manufacturing plants and other commercial structures. AAON emphasizes configurable equipment, energy efficiency and integrated controls designed to support indoor comfort and air quality.

AAON was founded in 1988 by Norman H.