KeyCorp Comments on AAON’s Q2 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – Research analysts at KeyCorp issued their Q2 2026 earnings per share estimates for AAON in a research note issued on Wednesday, July 22nd. KeyCorp analyst D. Tarantino anticipates that the construction company will post earnings per share of $0.51 for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for AAON’s current full-year earnings is $2.24 per share. KeyCorp also issued estimates for AAON’s Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.57 EPS, FY2026 earnings at $2.23 EPS, FY2027 earnings at $3.35 EPS and FY2028 earnings at $4.60 EPS.

Several other research firms also recently issued reports on AAON. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.00.

AAON Price Performance

Shares of NASDAQ AAON opened at $101.02 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The firm has a fifty day moving average of $124.53 and a 200 day moving average of $105.61. The firm has a market cap of $8.27 billion, a PE ratio of 70.64, a PEG ratio of 2.86 and a beta of 1.41. AAON has a one year low of $62.00 and a one year high of $150.46.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. During the same period in the prior year, the company posted $0.37 EPS. The business’s quarterly revenue was up 54.3% on a year-over-year basis.

AAON Dividend Announcement

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

Insider Buying and Selling

In other news, insider Casey Kidwell sold 3,153 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $138.30, for a total transaction of $436,059.90. Following the completion of the sale, the insider owned 13,463 shares of the company’s stock, valued at $1,861,932.90. This represents a 18.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gordon Douglas Wichman sold 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the sale, the executive vice president owned 10,997 shares of the company’s stock, valued at $1,543,868.83. This trade represents a 21.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 118,580 shares of company stock worth $16,321,222 in the last ninety days. Company insiders own 18.09% of the company’s stock.

Hedge Funds Weigh In On AAON

A number of institutional investors and hedge funds have recently bought and sold shares of AAON. Wellington Management Group LLP raised its holdings in AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after acquiring an additional 3,966,088 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of AAON by 8,956.4% during the 4th quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after purchasing an additional 1,209,205 shares during the last quarter. Norges Bank acquired a new position in shares of AAON during the 4th quarter worth approximately $41,584,000. Impax Asset Management Group plc grew its position in shares of AAON by 53.2% in the fourth quarter. Impax Asset Management Group plc now owns 1,403,648 shares of the construction company’s stock valued at $107,028,000 after purchasing an additional 487,601 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of AAON by 27.1% in the third quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after purchasing an additional 456,560 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

About AAON

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.