Callan Family Office LLC Makes New Investment in AAON, Inc. $AAON

Key Points

• Callan Family Office LLC has made a new investment in AAON, Inc., acquiring 5,949 shares valued at approximately $439,000.
• Insiders, including Christopher Douglas Eason and CFO Rebecca Thompson, have sold significant amounts of AAON shares, indicating a decrease in their ownership stakes.
• AAON has received mixed ratings from analysts, with price targets ranging from $98.00 to $112.00 and an average rating of "Buy."

Callan Family Office LLC bought a new position in AAON, Inc. (NASDAQ:AAON - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,949 shares of the construction company's stock, valued at approximately $439,000.

Other large investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. grew its position in AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after purchasing an additional 276 shares during the period. UMB Bank n.a. grew its position in shares of AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company's stock valued at $58,000 after acquiring an additional 194 shares during the period. CWM LLC grew its position in shares of AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company's stock valued at $73,000 after acquiring an additional 192 shares during the period. SBI Securities Co. Ltd. grew its position in shares of AAON by 987.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,174 shares of the construction company's stock valued at $92,000 after acquiring an additional 1,066 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of AAON by 79.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,285 shares of the construction company's stock valued at $95,000 after acquiring an additional 569 shares during the period. Institutional investors own 70.81% of the company's stock.

Insider Activity

In related news, insider Christopher Douglas Eason sold 12,003 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. This represents a 69.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Rebecca Thompson sold 9,350 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the transaction, the chief financial officer owned 24,396 shares in the company, valued at $1,978,271.64. The trade was a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AAON has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on shares of AAON from $102.00 to $98.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Weiss Ratings reissued a "hold (c)" rating on shares of AAON in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of AAON from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Oppenheimer boosted their price objective on shares of AAON from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, DA Davidson lowered their target price on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $104.00.

AAON Stock Up 2.2%

AAON opened at $104.16 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $144.07. The firm's fifty day moving average is $87.57 and its 200 day moving average is $85.63. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 70.86 and a beta of 1.05.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. The business had revenue of $322.05 million for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. On average, sell-side analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 5th. AAON's dividend payout ratio is currently 27.21%.

AAON Profile

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, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.

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