Shares of AAON Inc. (NASDAQ:AAON) were down 2.9% during mid-day trading on Thursday . The stock traded as low as $26.35 and last traded at $26.41, with a volume of 103,247 shares traded. The stock had previously closed at $27.21.

Separately, Zacks Investment Research cut AAON from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 2nd.

The firm has a market capitalization of $1.41 billion and a PE ratio of 29.76. The stock has a 50 day moving average of $27.05 and a 200-day moving average of $25.32.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm had revenue of $85.40 million for the quarter, compared to analysts’ expectations of $81.94 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities analysts forecast that AAON Inc. will post $0.98 EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a yield of 0.79%.

An institutional investor recently raised its position in AAON stock. Principal Financial Group Inc. boosted its stake in shares of AAON Inc. (NASDAQ:AAON) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 267,038 shares of the company’s stock after buying an additional 11,100 shares during the period. Principal Financial Group Inc. owned about 0.49% of AAON worth $6,200,000 as of its most recent filing with the SEC.

AAON, Inc (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils.

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