AAON AAON, INC.

MIXED Impact: 1/10 ANALYST-UPGRADE
Processed 8d 11h ago SEC analyst-AAON-sidotico-20250616
5 firms acted on AAON: Sidoti & Co., CJS Securities, Baird, Sidoti & Co., Baird
Final — all horizons settled through T+60d
AAON ▲ +12.02% at T+60d
NEUTRAL call ✓ call won +12.02% · α vs SPY +2.91% · entry $73.45 → $82.28
Currently $129.66 · +76.53% from $73.45 entry
Entry anchored
Jun 16, 08:54 AM ET
via Databento tick
T+1d
-1.22%
call -1.22% · α -0.38%
$72.55
settled 12mo ago
T+5d
-0.62%
call -0.62% · α -1.31%
$72.99
settled 12mo ago
T+20d
+0.76%
call +0.76% · α -2.81%
$74.01
settled 11mo ago
T+60d
+12.02%
call +12.02% · α +2.91%
$82.28
settled 9mo ago

Price Chart

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Executive Summary

AAON received a cluster of five analyst actions on June 16, 2025, led by Sidoti & Co.'s upgrade from Neutral to Buy with a $95 price target. The stock currently trades at $140.47, implying 32% downside to Sidoti's target, a starkly contrarian call against a bullish consensus where 85% of analysts rate it Buy/Strong Buy. Sidoti's accuracy is 36% on 22 calls, well below the 63% of top-tier firm Baird. The consensus mean target is $143.50, median $150, with a high of $154 and low of $120. EPS revisions are strongly positive — 4 upward revisions in the last 7 days for the current fiscal year and next quarter, with no downgrades. Insider selling is heavy: $7.4M in sales over May 2026, including CEO Gary Fields ($2.97M) and CFO Matthew Tobolski ($1.08M). Institutional buying is robust, with Norges Bank initiating a $41.6M position and UBS adding 78.5%. Short interest is elevated at 58.2% of float, signaling bearish positioning. The upgrade from a low-accuracy firm with a target well below market price is a weak bullish signal, partially offset by strong earnings momentum and institutional inflows.

Impact Score

Base Score
1/7
LLM Adjustment
-1
Final Score
1/10

Consensus & Targets

Buy / Strong Buy
11 (85%)
Hold
2
Sell / Strong Sell
0
Total Analysts
4
Mean PT
$143.50
Median PT
$150.00
High PT
$154.00
Low PT
$120.00
Current Price
$140.47
Implied Upside
+2.2%

Consensus is heavily bullish: 6 Strong Buy, 5 Buy, 2 Hold, 0 Sell, 0 Strong Sell — 85% Buy/Strong Buy from 13 analysts. Sidoti's upgrade aligns with the majority direction but its $95 target is far below the consensus mean of $143.50.

Current price: $140.47. Mean target: $143.50 (2.2% upside). Median: $150 (6.8% upside). High: $154 (9.6% upside). Low: $120 (14.6% downside). Sidoti's $95 target is 33% below the low end of consensus and 34% below the mean, making it the most bearish target on the street.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-03-03 Oppenheimer maintain Outperform
2026-02-03 DA Davidson maintain Buy $120.00
2025-10-14 Oppenheimer maintain Outperform $112.00
2025-08-12 DA Davidson maintain Buy $105.00
2025-08-12 Baird maintain Buy $98.00
2025-06-16 Sidoti & Co. upgrade Buy $95.00
2025-06-11 Baird maintain Outperform $102.00
2025-05-02 Baird maintain Outperform $110.00
2025-02-28 CJS Securities upgrade Market Outperform $110.00
2025-02-28 DA Davidson maintain Buy $125.00

30-day analyst activity shows 0 upgrades and 0 downgrades, but EPS revisions are strongly positive: 4 upward revisions in the last 7 days for the current fiscal year and next quarter, with zero downward revisions. The current-year EPS estimate rose from $1.984 to $2.26 in 30 days (+13.9%). Estimates are being revised higher across all periods.

Firm Track Record — Sidoti & Co.

Sidoti & Co. accuracy: 36% on 22 calls | avg return: 8%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 3 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
Baird 63% 5/8 9.1% top tier
DA Davidson 60% 3/5 9.9% above average
Sidoti & Co. 50% 1/2 21% below average

Sidoti & Co. has a 36% accuracy rate on 22 calls with an average return of 8%. This is below the peer average — Baird leads at 63% (8 calls, 9.1% avg return) and DA Davidson at 60% (5 calls, 9.9% avg return). Sidoti's small sample size (2 scored calls) limits reliability.

Earnings Estimates

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
0y $2.26 $2.12 — $2.35 $2.0B ↑4 ↓0
+1q $0.66 $0.62 — $0.69 $513.4M ↑4 ↓0
+1y $3.29 $2.80 — $3.95 $2.3B ↑4 ↓0
0q $0.49 $0.46 — $0.52 $485.5M ↑2 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 5 sells
Institutional
NORGES BANK — new
Institutional
TWO SIGMA INVESTMENTS, LP — add (85.1%)
Institutional
UBS Group AG — add (78.5%)
Short Interest
Short: 454,694 | Exempt: 1 | TRF Vol: 781,104 | Short Ratio: 58.2% | Off-exchange volume (dark pool + OTC)

Insider selling is heavy and concentrated: $7.4M in sales over May 2026, including CEO Fields ($2.97M) and CFO Tobolski ($1.08M). This diverges from the bullish analyst consensus. Institutional buying is strong — Norges Bank new $41.6M position, UBS +78.5%, Bank of America +46.1%. Short interest at 58.2% of float is extremely high, indicating bearish positioning that could fuel a squeeze. No congressional trades reported.

Actionable Insight

The Sidoti upgrade is a low-conviction signal from a below-average firm with a target 32% below market. The real story is the divergence between heavy insider selling and strong institutional buying, with elevated short interest. Traders should watch for a potential short squeeze if earnings momentum continues, but the insider sales warrant caution.

Documents Analyzed

Report based on filing metadata.

13 reports for AAON
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for AAON — sortable, filterable
Type Now
Jun 8, 2026
1d ago
8-K
NEUTRAL ★ 4/10
$132.69 awaiting T+5awaiting T+5$129.66 (−2.28%)
Jun 5, 2026
4d ago
Insider Cluster
NEUTRAL ★ 2/10
$137.32 awaiting T+5awaiting T+5$129.66 (−5.57%)
Jun 1, 2026
8d ago
ANALYST-UPGRADE
MIXED ★ 1/10
$73.45 $72.99▼ −0.62%▼ −1.31%$129.66 (+76.53%)
May 27, 2026
13d ago
Insider Cluster
NEUTRAL ★ 3/10
$139.54 $143.50▲ +2.84%▲ +1.63%$129.66 (−7.08%)
May 27, 2026
13d ago
Insider Cluster
NEUTRAL ★ 2/10
$139.54 $143.50▲ +2.84%▲ +1.63%$129.66 (−7.08%)
May 18, 2026
22d ago
8-K
NEUTRAL ★ 2/10
$133.94 $141.12▲ +5.36%▲ +3.74%$129.66 (−3.20%)
May 15, 2026
25d ago
Insider Cluster
NEUTRAL ★ 3/10
$135.49 $134.60▼ −0.66%▼ −1.62%$129.66 (−4.30%)
May 13, 2026
27d ago
Insider Cluster
NEUTRAL ★ 3/10
$140.00 $132.39▼ −5.44%▼ −4.72%$129.66 (−7.39%)
May 13, 2026
27d ago
144
NEUTRAL ★ 2/10
$135.37 $133.76▼ −1.19%▼ −1.05%$129.66 (−4.22%)
May 7, 2026
4w ago
8-K
BULLISH ★ 8/10
$129.25 $135.37▲ +4.74%▲ +3.23%$129.66 (+0.32%)
Showing 10 of 13

US Market Status

Market Closed — Opens Thu (10h 10m)

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