AAON (NASDAQ:AAON) Reaches New 12-Month Low – What’s Next?

Posted by George Bondi on Nov 6th, 2026

AAON, Inc. (NASDAQ:AAON – Get Free Report) shares hit a new 52-week low during trading on Wednesday. The stock traded as low as $61.77 and last traded at $60.1890, with a volume of 152,497 shares changing hands. The stock had previously closed at $69.08.

Analysts Set New Price Targets

A number of analysts have recently commented on AAON shares. Oppenheimer restated an “outperform” rating and issued a $115.00 price objective (down from $125.00) on shares of AAON in a research report on Wednesday, October 14th. KeyCorp reiterated a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Monday, October 12th. Robert W. Baird dropped their price target on shares of AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Finally, DA Davidson started coverage on shares of AAON in a report on Tuesday, September 15th. They issued a “buy” rating and a $110.00 price target for the company. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

Get Our Latest Research Report on AAON

AAON Price Performance

The stock has a market capitalization of $4.54 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.45. The stock’s 50 day moving average is $77.41 and its two-hundred day moving average is $97.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01.

AAON (NASDAQ:AAON – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%. The company had revenue of $626.98 million for the quarter, compared to analysts’ expectations of $508.82 million. During the same period in the previous year, the firm posted $0.22 EPS. AAON’s revenue was up 101.2% compared to the same quarter last year. On average, equities analysts anticipate that AAON, Inc. will post 2.35 EPS for the current fiscal year.

AAON Announces Dividend

The company 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 of this dividend was Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. AAON’s payout ratio is currently 20.83%.

Insider Activity at AAON

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

Hedge Funds Weigh In On AAON

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new position in AAON during the second quarter worth about $55,284,000. American Capital Management Inc. purchased a new stake in shares of AAON in the 2nd quarter valued at approximately $47,595,000. First Trust Advisors LP grew its stake in shares of AAON by 22.1% in 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 buying an additional 364,101 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of AAON by 38.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 1,220,470 shares of the construction company’s stock worth $101,006,000 after buying an additional 336,730 shares during the last quarter. Finally, Ranger Investment Management L.P. acquired a new stake in shares of AAON during the 2nd quarter worth approximately $30,574,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

About AAON

(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.