Added to YB: 2026-09-30
Pitch date: 2026-09-25
AAON [bullish]
AAON, Inc.
-12.75%
current return
Author Info
Monte Independent Investment Research is a small- and mid-cap industrials research firm that specializes in uncovering value in small- and mid-cap industrials through a hybrid research approach that blends top-down market analysis with bottom-up company fundamentals. Sign up for the newsletter.
Company Info
AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada.
Market Cap
$7.0B
Pitch Price
$88.60
Price Target
144.00 (+86%)
Dividend
0.47%
EV/EBITDA
24.80
P/E
44.58
EV/Sales
3.85
Sector
Building Products
Category
turnaround
Research & Analysis: The Aaon Group (NASDAQ: AAON)
AAON: Aaon’s data-center cooling growth and repriced backlog support margin recovery beginning in 2H26 and continuing into FY27, while new capacity underpins multi-year expansion. BASX backlog reached $1.43B in Q2’26, up 185.4% year over year, and total backlog was $1.97B. The $144 target, based on 26.64x FY27 EV/adjusted EBITDA, assumes 200 bps of gross-margin improvement by FY29; persistent inflation and continued gross-margin pressure are the principal risks.
Read full article (6 min)