Why These 15 Construction Stocks Are Plunging in 2025

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6. AAON Inc (NASDAQ:AAON)

Number of Hedge Fund Holders In Q4 2024: 29

AAON Inc (NASDAQ:AAON) sells premium heating, ventilation, and air conditioning (HVAC) equipment for commercial and industrial markets. Its products are used heavily in the construction industry.

The stock is down significantly so far in 2025 as AAON reported disappointing Q4 2024 earnings.

Earnings per share (EPS) of $0.30 came in significantly below the forecasted $0.53 (a 43.4% miss), and revenue of $297.7 million missed the forecast of $331 million (a 10% miss). AAON’s sales were further affected by a slowdown in nonresidential construction activity.

Gross profit fell by 30.5% year-over-year, with margins dropping from 36.4% to 26.1%. These results led to a sharp stock decline.

The consensus price target of $115.5 implies 43.94% upside.

AAON stock is down 31.73% year-to-date.

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