AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, medical, and other commercial industries. It sells its products through a network of manufacturers' representatives and internal sales force. The company was incorporated in 1987 and is based in Tulsa, Oklahoma.
IPO Year:
Exchange: NASDAQ
Website: aaon.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/24/2024 | $100.00 | Neutral | Robert W. Baird |
4/29/2024 | Outperform | William Blair | |
2/28/2023 | Market Outperform → Market Perform | CJS Securities | |
9/15/2022 | $73.00 | Market Outperform | CJS Securities |
5/6/2022 | Neutral → Buy | DA Davidson | |
3/29/2022 | $72.00 | Neutral → Buy | Sidoti |
8/9/2021 | $54.00 → $60.00 | Underperform → Neutral | DA Davidson |
4 - AAON, INC. (0000824142) (Issuer)
REDMOND, Ore., Sept. 19, 2024 /PRNewswire/ -- BASX ("BASX" or the "Company"), a leader in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, and custom HVAC systems, is proud to announce the official ribbon-cutting ceremony for its newly completed 36,000-square-foot weld shop. The Redmond Chamber of Commerce performed the ribbon cutting on September 18th, 2024, at BASX headquarters. The weld shop will create significant job opportunities in the Central Oregon region, with the capacity to fill an additional 30 welding positions. Positions ran
TULSA, Okla., Sept. 3, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:AAON) ("AAON" or the "Company"), a leader in high-performance and energy-efficient HVAC solutions, today announced the launch of Delta Class, the next evolution in Dedicated Outdoor Air System (DOAS) technology. As industry regulations evolve and energy efficiency demands increase, Delta Class reaffirms AAON's longstanding commitment to innovation, efficiency and sustainability. Since its founding in 1988, AAON has been at the forefront of DOAS technology, consistently delivering premium, high-efficiency equipment.
TULSA, Okla., Aug. 15, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.08 per share (or $0.32 annually), payable on September 27, 2024 to stockholders of record as of the close of business on September 6, 2024. About AAON Founded in 1988, AAON is a world leader in HVAC solutions for commercial and industrial indoor environments. The Company's industry-leading approach to designing and manufacturing highly configurable equipment to meet ex
TULSA, Okla., Aug. 1, 2024 /PRNewswire/ -- AAON, INC. (NASDAQ-AAON), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, today announced its results for the second quarter of 2024. Net sales for the second quarter of 2024 increased 10.4% to a record $313.6 million from $284.0 million in the second quarter of 2023. The year-over-year increase was largely driven by the BASX segment, which recognized an increase in sales of 58.3%, a majority of which was spurred by sales of data center equipment. Sales at the AAON Oklahoma and A
TULSA, Okla., July 18, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("AAON" or the "Company"), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, announces that it has scheduled its quarterly conference call and webcast for Thursday, August 1, 2024, at 5:15 p.m. EDT to discuss second quarter 2024 financial results. The results will be released immediately after the market closes on that same day. The conference call will be accessible via dial-in for those who wish to participate in Q&A as well as a listen-only webcast.
TULSA, Okla., June 17, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("AAON" or the "Company"), provided an update to the previously disclosed share repurchase programs authorized by our Board of Directors. As of June 17, 2024, our repurchase activity under the programs is as follows: Effective Date Shares Repurchased Authorized and Repurchased $ Average Price Per Share $ Completion Date February 27, 2024 671,230 $50.0 million1 $74.49 June 4, 2024 June 4, 2024 682,334 $50.0 million2 $73.28 June 14, 2024 1 Repurchases made in accordance with Rule 10b5-1 of the Securitie
TULSA, Okla., May 24, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.08 per share (or $0.32 annually), payable on June 28, 2024 to stockholders of record as of the close of business on June 7, 2024. About AAONFounded in 1988, AAON is a world leader in HVAC solutions for commercial and industrial indoor environments. The Company's industry-leading approach to designing and manufacturing highly configurable equipment to meet exact needs crea
TULSA, Okla., May 14, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:AAON), a leading provider of high-performance, energy-efficient commercial HVAC systems, announces its proactive transition to the low Global Warming Potential (GWP) refrigerant, R-454B, across its product line. This strategic shift not only aligns with upcoming 2025 low GWP refrigerant regulations but also reinforces AAON's leadership in sustainable HVAC solutions. AAON began accepting orders for R-454B units on Jan. 1, 2024 — a full year ahead of the EPA's mandate to discontinue the use of refrigerants with GWPs a
NEW YORK, May 3, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE:PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE:XOM) acquired Pioneer Natural Resources in a deal that closed today, Friday May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action C
TULSA, Okla., May 2, 2024 /PRNewswire/ -- AAON, INC. (NASDAQ-AAON), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, today announced its results for the first quarter of 2024. Net sales for the first quarter of 2024 decreased 1.4% to $262.1 million from $266.0 million in the first quarter of 2023. The year-over-year decline was driven by the AAON Coil Products and BASX segments, which realized respective declines of 27.4% and 9.3%, modestly offset by 4.0% growth at the AAON Oklahoma segment. Total sales volume in the quart
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Robert W. Baird initiated coverage of AAON with a rating of Neutral and set a new price target of $100.00
William Blair initiated coverage of AAON with a rating of Outperform
CJS Securities downgraded AAON from Market Outperform to Market Perform
CJS Securities initiated coverage of AAON with a rating of Market Outperform and set a new price target of $73.00
DA Davidson upgraded AAON from Neutral to Buy
Sidoti upgraded AAON from Neutral to Buy and set a new price target of $72.00
DA Davidson upgraded AAON from Underperform to Neutral and set a new price target of $60.00 from $54.00 previously
DA Davidson reiterated coverage of AAON with a rating of Underperform and set a new price target of $50.00 from $35.00 previously
TULSA, Okla., Aug. 15, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.08 per share (or $0.32 annually), payable on September 27, 2024 to stockholders of record as of the close of business on September 6, 2024. About AAON Founded in 1988, AAON is a world leader in HVAC solutions for commercial and industrial indoor environments. The Company's industry-leading approach to designing and manufacturing highly configurable equipment to meet ex
TULSA, Okla., Aug. 1, 2024 /PRNewswire/ -- AAON, INC. (NASDAQ-AAON), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, today announced its results for the second quarter of 2024. Net sales for the second quarter of 2024 increased 10.4% to a record $313.6 million from $284.0 million in the second quarter of 2023. The year-over-year increase was largely driven by the BASX segment, which recognized an increase in sales of 58.3%, a majority of which was spurred by sales of data center equipment. Sales at the AAON Oklahoma and A
TULSA, Okla., July 18, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("AAON" or the "Company"), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, announces that it has scheduled its quarterly conference call and webcast for Thursday, August 1, 2024, at 5:15 p.m. EDT to discuss second quarter 2024 financial results. The results will be released immediately after the market closes on that same day. The conference call will be accessible via dial-in for those who wish to participate in Q&A as well as a listen-only webcast.
TULSA, Okla., May 24, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.08 per share (or $0.32 annually), payable on June 28, 2024 to stockholders of record as of the close of business on June 7, 2024. About AAONFounded in 1988, AAON is a world leader in HVAC solutions for commercial and industrial indoor environments. The Company's industry-leading approach to designing and manufacturing highly configurable equipment to meet exact needs crea
TULSA, Okla., May 2, 2024 /PRNewswire/ -- AAON, INC. (NASDAQ-AAON), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, today announced its results for the first quarter of 2024. Net sales for the first quarter of 2024 decreased 1.4% to $262.1 million from $266.0 million in the first quarter of 2023. The year-over-year decline was driven by the AAON Coil Products and BASX segments, which realized respective declines of 27.4% and 9.3%, modestly offset by 4.0% growth at the AAON Oklahoma segment. Total sales volume in the quart
TULSA, Okla., April 18, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:AAON) ("AAON" or the "Company"), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, announces that it has scheduled its quarterly conference call and webcast for Thursday, May 2, 2024, at 5:15 p.m. EDT to discuss first quarter 2024 financial results. The results will be released immediately after the market closes on that same day. The conference call will be accessible via dial-in for those who wish to participate in Q&A as well as a listen-only webcast. The d
TULSA, Okla., March 5, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.08 per share (or $0.32 annually), payable on March 29, 2024 to stockholders of record as of the close of business on March 18, 2024. The Company also announced that its Board of Directors has approved a $25 million increase in its current share repurchase authorization, bringing the Company's total current share repurchase authority to $50 million. Repurchases will be
TULSA, Okla., Feb. 28, 2024 /PRNewswire/ -- AAON, INC. (NASDAQ-AAON), a leading producer of premium HVAC solutions, today announced its results for the fourth quarter of 2023. Gary Fields, CEO, stated, "I am extremely pleased with our overall results for 2023. We finished another year with record sales, EBITDA and earnings. The fourth quarter was also another strong quarter for AAON. In what typically is a seasonally soft period for the Company, we achieved comparable sales and earnings to what we reported in the third quarter, which was a record quarter for AAON. On a yea
TULSA, Okla., Feb. 9, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:AAON) ("AAON" or the "Company"), a provider of premier, configurable and custom-made HVAC solutions that bring long-term value to customers and owners, announces that it has scheduled its quarterly conference call and webcast for Wednesday, February 28, 2024, at 5:15 p.m. EST to discuss fourth quarter 2023 financial results. The results will be released immediately after the market closes on that same day. The conference call will be accessible via dial-in for those who wish to participate in Q&A as well as a listen
TULSA, Okla., Aug. 18, 2023 /PRNewswire/ -- AAON, Inc. (NASDAQ:AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.08 per share (or $0.32 annually), payable on September 29, 2023 to stockholders of record as of the close of business on September 8, 2023. About AAONFounded in 1988, AAON is a world leader in HVAC solutions for commercial and industrial indoor environments. The Company's industry-leading approach to designing and manufacturing highly configurable equipment to meet exact
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
4 - AAON, INC. (0000824142) (Issuer)
NEW YORK, May 3, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE:PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE:XOM) acquired Pioneer Natural Resources in a deal that closed today, Friday May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action C
AAON Executive Chairman, Norman H. Asbjornson, retiring after nearly 34 years of service Mr. Asbjornson to remain a member of the AAON Board of Directors TULSA, Okla., April 22, 2022 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ-AAON) announced today that Norman H. Asbjornson, Director, Executive Chairman and Founder of AAON, Inc. (the "Company"), intends to retire from his position of Executive Chairman effective May 12, 2022, and will continue to serve as a member of the Company's Board of Directors. In addition, Mr. Asbjornson will continue to assist the Company in a consulting and advisory role until May 2024. Mr. Asbjornson said, "It has been an extraordinary privilege to be an employee
TULSA, Okla, Oct. 01, 2021 (GLOBE NEWSWIRE) -- AAON, Inc. announced today that its Board of Directors has increased the size of the Board from seven to nine members and appointed Bruce Ware and David Stewart as new independent directors to fill the vacancies, effective October 1, 2021. Bruce Ware brings significant experience serving in multiple executive and leadership roles at publicly traded companies. Presently, he serves as a Corporate Vice President and Group Head of Joint Venture Capital Raising for DaVita Inc. DaVita is a Fortune 500 NYSE publicly traded health care services company and one of the largest providers of kidney care services in the U.S., with over 2,800 outpatient di
TULSA, Okla., April 30, 2021 (GLOBE NEWSWIRE) -- Today, Scott M. Asbjornson, Vice President, Finance and Chief Financial Officer (CFO), notified AAON, Inc. (the "Company") of his decision to retire from the Company to pursue other interests, effective immediately. Concurrently, the Company's Board of Directors has appointed Rebecca A. Thompson as Vice President, Finance and Chief Financial Officer, effective immediately. Scott has served as Vice President, Finance and CFO since August 2012. Prior to that, he served as President (2010-2012) and Vice President (2007-2010) of AAON Coil Products, Inc., the Company's wholly-owned subsidiary, and from 1988 to 2007, held various accounting and f
Baird analyst Timothy Wojs initiates coverage on AAON (NASDAQ:AAON) with a Neutral rating and announces Price Target of $100.
AAON's (NYSE:AAON) short percent of float has risen 30.4% since its last report. The company recently reported that it has 4.04 million shares sold short, which is 6.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.78 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is import
DA Davidson analyst Brent Thielman maintains AAON (NASDAQ:AAON) with a Buy and maintains $102 price target.
AAON's (NYSE:AAON) short percent of float has fallen 4.56% since its last report. The company recently reported that it has 2.85 million shares sold short, which is 4.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.27 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
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