AAON (NASDAQ:AAON) Stock Gets Price Target Trim from Robert W. Baird

Posted by Stanley Muller on Nov 13th, 2026

AAON (NASDAQ:AAON – Free Report) had its target price trimmed by Robert W. Baird from $110.00 to $104.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

A number of other research firms have also recently commented on AAON. DA Davidson assumed coverage on AAON in a report on Tuesday, September 15th. They set a “buy” rating and a $110.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Monday, October 12th. KeyCorp reiterated a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $115.00 price target (down from $125.00) on shares of AAON in a report on Wednesday, October 14th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.33.

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AAON Stock Performance

Shares of AAON stock opened at $78.80 on Tuesday. The company has a fifty day moving average price of $76.82 and a two-hundred day moving average price of $96.54. AAON has a one year low of $53.13 and a one year high of $150.46. The stock has a market cap of $6.50 billion, a P/E ratio of 33.11, a P/E/G ratio of 1.33 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 2.01.

AAON (NASDAQ:AAON – Get Free Report) last released its quarterly earnings data on Monday, November 9th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.26. The company had revenue of $707.43 million for the quarter, compared to analyst estimates of $601.19 million. AAON had a net margin of 8.75% and a return on equity of 20.23%. AAON’s revenue for the quarter was up 84.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. As a group, equities analysts predict that AAON will post 2.49 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio (DPR) is presently 16.81%.

Insider Activity at AAON

In related news, EVP Matthew Shaub purchased 457 shares of AAON stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of $76.42 per share, with a total value of $34,923.94. Following the completion of the transaction, the executive vice president directly owned 3,136 shares of the company’s stock, valued at $239,653.12. This represents a 17.06% increase in their position. The transaction 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 stock in a transaction on Tuesday, September 15th. The shares were bought at an average price of $74.66 per share, for a total transaction of $74,660.00. Following the purchase, 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. 18.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AAON

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AlphaGrep UK Ltd grew its holdings in shares of AAON by 29.0% during the 3rd quarter. AlphaGrep UK Ltd now owns 5,415 shares of the construction company’s stock worth $448,000 after purchasing an additional 1,217 shares in the last quarter. First Trust Advisors LP lifted its position in AAON by 31.9% during the third quarter. First Trust Advisors LP now owns 2,082,991 shares of the construction company’s stock worth $172,388,000 after purchasing an additional 503,819 shares during the period. Voya Investment Management LLC lifted its position in AAON by 144.5% during the third quarter. Voya Investment Management LLC now owns 291,371 shares of the construction company’s stock worth $24,114,000 after purchasing an additional 172,203 shares during the period. Public Sector Pension Investment Board acquired a new stake in AAON during the third quarter worth about $1,630,000. Finally, Impax Asset Management Group plc grew its stake in AAON by 41.6% during the third quarter. Impax Asset Management Group plc now owns 485,998 shares of the construction company’s stock worth $40,221,000 after buying an additional 142,833 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Company Profile

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AAON, Inc. designs and manufactures heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial buildings. Founded in 1988, the company is headquartered in Tulsa, Oklahoma, and sells products under the AAON and BASX brands. Its products include rooftop units, chillers, air-handling units, heat pumps and other custom HVAC systems. BASX specializes in equipment for data centers and other demanding applications, while AAON also offers controls and related services. AAON serves customers primarily in North America, with products also reaching international markets through its sales and distribution network.