KeyCorp Predicts AAON’s Q2 Earnings (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) – KeyCorp issued their Q2 2026 earnings estimates for shares of AAON in a report released on Wednesday, July 22nd. KeyCorp analyst D. Tarantino anticipates that the construction company will post earnings of $0.51 per share 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.

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

AAON has been the subject of several other reports. Zacks Research cut AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Finally, Oppenheimer restated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

AAON Stock Performance

NASDAQ:AAON opened at $102.67 on Monday. The business’s 50-day moving average is $125.19 and its two-hundred day moving average is $105.47. AAON has a 12 month low of $62.00 and a 12 month high of $150.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The firm has a market capitalization of $8.41 billion, a PE ratio of 71.80, a price-to-earnings-growth ratio of 2.86 and a beta of 1.41.

Institutional Trading of AAON

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in AAON by 429.3% in the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after buying an additional 65,813 shares in the last quarter. NewEdge Advisors LLC grew its stake in AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after purchasing an additional 294 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of AAON by 20.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after purchasing an additional 73,644 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of AAON by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after buying an additional 12,489 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AAON

In related news, EVP Gordon Douglas Wichman sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the transaction, the executive vice president directly owned 10,997 shares in the company, valued at $1,543,868.83. This represents a 21.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary D. Fields sold 31,271 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the completion of the sale, the director directly owned 34,252 shares in the company, valued at approximately $4,592,165.64. This trade represents a 47.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 118,580 shares of company stock worth $16,321,222. 18.09% of the stock is owned by company insiders.

AAON Announces Dividend

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

AAON Company Profile

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.