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AAON, Inc.

AAON · NASDAQ

Market closed$111.42$-1.78 (-1.57%)After hours $111.42 · 0.00%

Key statistics

Previous close$113.20
Open$107.52
Day high$114.68
Day low$105.35
52-week high$150.46
52-week low$62.00
Market cap9.13B
Volume1.48M
Average volume1.13M
P/E ratio76.32
Forward P/E—
EPS1.46
Dividend yield+0.36%

Market context

Why it moved

AAON shares declined modestly as continued insider selling activity and an analyst consensus price target near current levels signal limited near-term upside, weighing on investor sentiment despite the company's recently strong quarterly earnings beat.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026AAON, Inc. closed down modestly, underperforming the broader industrials sector (XLI), as a broad tech-driven market selloff weighed on growth-oriented names. The decline came amid a divided analyst backdrop: recent DCF analysis suggests the stock may be trading nearly 49% below intrinsic value, supported by AAON's BasX data center cooling unit's strong growth trajectory and a recently expanded $600M credit facility, while a bearish take highlighted EPS contraction of 18.7% annually over two years, margin pressure, and elevated valuation at ~47x forward earnings.

-1.5724

July 17, 2026AAON closed essentially flat as investors weighed a compelling data center growth narrative against near-term execution risks. Analysts have flagged the stock as potentially trading ~49% below its DCF-based fair value, driven by the company's record $2.1 billion backlog — more than double a year ago — and 54% YoY revenue growth in Q1 2026 from its BasX data center cooling business. A recent expansion of AAON's credit facility to $600 million reinforces its capacity build-out plans, though margin pressure from heavy capital spending and ERP integration complexity remains a key risk for investors watching the industrials sector.

0.0796

July 15, 2026AAON closed essentially flat in regular trading but is slipping in after-hours, with the industrials sector (XLI) holding steady as broader markets digest a softer-than-expected CPI print. The HVAC manufacturer remains a focal point for investors as a non-tech AI beneficiary — Q1 2026 results showed record quarterly net sales of ~$497M, up 54% YoY, and a $2.1B backlog more than double the prior year, driven by surging data center demand. AAON has raised its 2026 full-year outlook to ~40-45% sales growth, and a fresh valuation analysis suggests the stock may trade at a 49% discount to fair value, keeping analyst Buy sentiment intact despite a ~48% YTD run.

0.1594

July 15, 2026AAON shares edged higher, outperforming the broader industrials sector (XLI closed slightly lower), as investors continue to digest the company's exceptional Q1 2026 results — record net sales of ~$497M (up 54% YoY) and a $2.1B backlog, more than double a year ago — fueled by surging data center HVAC demand. A fresh analyst piece highlighted AAON as a top non-tech AI infrastructure play, though the stock's ~48% YTD rally has pushed valuations near consensus price targets. A softer-than-expected June CPI report helped lift broader market sentiment, partially offsetting ongoing U.S.-Iran geopolitical tensions.

0.6596

July 13, 2026AAON closed modestly lower amid a broad market selloff driven by renewed U.S.-Iran military tensions that sent oil prices surging and weighed on equities. Despite the session's pressure, the stock is rebounding sharply in after-hours trading, nearly recovering all of its losses. Investor focus remains on AAON's strong AI data center tailwinds — the company posted record Q1 2026 net sales of ~$497M (+54% YoY) and a $2.1B backlog, more than double a year ago — and its raised full-year outlook of 40–45% sales growth, though analysts note the stock's ~48% YTD run leaves limited near-term upside.

-1.7256

July 9, 2026AAON shares declined nearly 2%, pulling back from their post-earnings highs as a broad risk-off session weighed on industrials — the XLI sector ETF also closed lower amid escalating U.S.-Iran tensions that sent oil prices surging 5%+ and rattled equity markets. The stock remains in focus following its blockbuster Q1 beat in May, where revenues surged 54.3% YoY to $496.9M and the company raised FY2026 revenue growth guidance to 40%-45%, fueled by a record $2.1B backlog driven by data center cooling demand. However, analysts are debating valuation, noting the stock's elevated P/E of ~76x versus industry peers near 22x, while some point to a narrative fair value of $143.50 against the current ~$108 close, as margin pressures from ERP rollout and capacity ramp costs cloud near-term profitability.

-1.7828

July 8, 2026AAON edged higher, closing up modestly as investors weigh the company's strong data center tailwinds against growing valuation concerns. Despite a record $2.1 billion backlog and raised 2026 revenue guidance of 40–45% driven by surging BASX data center cooling demand, a recent StockStory report flagged skepticism over AAON's elevated 44.6x forward P/E, declining EPS trend, and margin pressure from capacity ramp-up costs. The broader industrials sector (XLI) pulled back, with tech-driven market rotation adding a cautious backdrop for the HVAC manufacturer.

0.5396

July 7, 2026AAON closed higher, outperforming the broader industrials sector (XLI near 52-week highs), as investor enthusiasm around the company's data center cooling exposure remains a key narrative. AAON's BASX division, which supplies advanced cooling systems for AI-heavy data centers, underpins a record $2.1 billion backlog and raised 2026 revenue guidance of 40–45%, though analysts have flagged valuation concerns, margin pressure from capacity ramp-up costs, and elevated cash burn as offsetting risks.

1.6075

Simply Wall Street · July 16, 2026Should AAON’s (AAON) DCF Discount and Data Center Momentum Require Action From Investors?Pluang · May 27, 2026AAON executives to present at William Blair Gro...StocksToTrade · May 7, 2026AAON Stock Jumps As Traders Track Insider Moves And Q1 CallQuiver Quantitative · May 7, 2026AAON jumps after blowout Q1 results, bigger backlog, and sharply higher 2026 outlookInvesting.com · May 7, 2026Aaon stock hits 52-week high at $143.00 despite slight annual declineStockStory · April 9, 2026Carrier Global and AAON Shares Skyrocket, What You Need To KnowPR Newswire · April 2, 2026AAON Announces CFO Transition and Strengthens Executive Leadership TeamSimply Wall Street · March 31, 2026AAON (NasdaqGS:AAON) Stock Forecast & Analyst Predictions
Benzinga · June 5, 2026Insider Selling: Rebecca Thompson Unloads $606K Of AAON Stock
Mt Newswire · June 5, 2026Aaon Insider Sold Shares Worth $606,667, According to a Recent SEC Filing
Mt Newswire · June 2, 2026Aaon Insider Sold Shares Worth $2,663,800, According to a Recent SEC Filing
Mt Newswire · May 27, 2026Aaon Insider Sold Shares Worth $2,971,419, According to a Recent SEC Filing
Mt Newswire · May 18, 2026Aaon Keeps Quarterly Dividend at $0.10 per Share, Payable June 26 to Shareholders of Record on June 5
Mt Newswire · May 15, 2026Aaon Insider Sold Shares Worth $436,071, According to a Recent SEC Filing
Benzinga · May 15, 2026Insider Selling: Matthew J. Tobolski Unloads $1.08M Of AAON Stock
Benzinga · May 15, 2026Witnessing An Insider Decision, Gary D Fields Exercises Options Valued At $1.90M At AAON

Peers

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