Fort Washington Investment Advisors 13F: New $15M Stake in AAON

Fort Washington Investment Advisors opened a new position in AAON, Inc. (NasdaqGS: AAON) by acquiring 182,330 shares valued at approximately $15.1 million in a filing on October 15, 2026. This marks the firm's first investment in AAON, as they didn't hold any shares before this purchase.

What Changed in Fort Washington Investment Advisors' AAON Position

The firm took a new stake in AAON with this purchase, growing its holdings to 182,330 shares. This is the first reported position for Fort Washington in AAON, reflecting the firm's strategic investment approach.

Other Institutional Activity in AAON

Several other institutional investors have held positions in AAON as of June 30, 2026. Blackrock Inc. grew its holdings by 125,957 shares, now owning 6,686,241 shares valued at about $492.98 million. Wasatch Advisors LP also increased its stake, adding 620,889 shares for a total of 2,959,453 shares worth approximately $218.20 million. Meanwhile, Wellington Management Group, LLP reduced its position, selling off 2,204,965 shares and now holding 5,772,476 shares valued at around $425.60 million.

AAON, Inc. Stock Down 6.9%

As of October 16, 2026, AAON shares recently traded around $74.96, which is below both its 50-day moving average of $81.67 and its 200-day moving average of $98.22. This positions the stock about 50.2% below its 52-week high of $150.46, while remaining 2.4% above its 52-week low of $73.19. With a mean price target of $134.75, analysts see significant potential for recovery.

Recent Earnings

In its latest financial performance, AAON reported trailing twelve-month revenue of $1.93 billion, showing impressive year-over-year growth of 101.2%. The company achieved an EPS of $1.90, with a net margin of 8.2% and a return on equity of 17.3%. The next earnings report is scheduled for November 5, 2026, which will provide further insights into the company's performance.

Insider Buying and Selling at AAON, Inc.

Recent insider transactions at AAON include several notable sales. On May 29, 2026, Director Gary D. Fields sold 19,000 shares at an average price of $140.20, totaling about $2.66 million. Another officer, Rebecca A. Thompson, sold 4,230 shares on June 2, 2026, at $143.42, valued at around $606,667. However, there were also purchases: Officer Matthew Shaub bought 457 shares on August 28, 2026, at an average price of $76.42, and Director David Raymond Stewart acquired 1,000 shares on September 15, 2026, at $74.66.

Analysts Set New Price Targets

Analysts have recently weighed in on AAON. On October 14, 2026, Oppenheimer maintained its 'Outperform' rating while lowering its price target to $115. Prior to that, Baird maintained an 'Outperform' rating with a target of $135. The consensus among analysts is a strong buy, with a mean price target of $134.75 based on four analyst opinions.

About AAON, Inc.

AAON, Inc. is based in Tulsa, Oklahoma, and specializes in engineering and manufacturing air conditioning and heating equipment. The company operates in three segments and serves customers in the United States and Canada. The recent investment by Fort Washington indicates renewed interest in the company, especially as it continues to show strong revenue growth.

Bottom Line

Keep an eye on AAON as it reports its next earnings on November 5, 2026. This new position by Fort Washington Investment Advisors reflects a notable development in the company's ownership landscape, but the filing represents holdings only as of the reporting period and may not reflect current positions.