AAON · AAON, Inc. — research history
Complete research history. Every dossier, draft, kill, publish, and lesson the system has produced on AAON. Public so users can audit, AI can re-reference. Live price refreshes every 60s.
About AAON · AAON, Inc.
AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. AAON, Inc. was incorporated in 1987 and is headquartered in Tulsa, Oklahoma.
Live Quote
HOLD (score +3) · 12-1 mom 80.7% · RSI 49.4 · above_both · -12.7% from high
Targets blend Wall Street consensus (4 analysts: low $120.00 / mean $143.50 / high $154.00) with chart-derived floors and ceilings.
1-Year Chart · RSI · MACD
Research Timeline
Newest first. Each entry shows what stage produced it, the verdict/decision, and the reasoning.
AAON is a commercial HVAC manufacturer that surged ~72% YTD (to $140) and hit an all-time high of $149 on May 7 after blowing out Q1 earnings (+54% revenue growth, backlog doubled YoY to $2.1B). The Form 4 cluster triggering this investigation was 8 filings in 14 days — but upon detailed inspection, these were predominantly RSU grants (code A at $0 price) to directors and option-exercise-plus-sales by executives Gary Fields and CAO Rebecca Thompson. There are NO genuine open-market P-code purchases from any insider. The CEO Matt Tobolski actually SOLD 8,000 shares open-market at $135.37 on May 13. Fundamentals are excellent — strong data center demand (BASX segment), backlog record-high, margins expanding — but the stock is trading at ~43x forward P/E vs sector median ~20-25x and EV/EBITDA of ~47. The market has not missed anything; it is fully pricing in the AI/data-center tailwind with a premium that leaves no room for disappointment.