AAON Inc. (NASDAQ:AAON)’s share price fell 2.9% during 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 lowered shares of 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 P/E ratio of 29.79. The stock has a 50 day moving average of $27.01 and a 200-day moving average of $25.36.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business earned $85.40 million during the quarter, compared to analyst estimates of $81.94 million. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. On average, equities research analysts forecast that AAON Inc. will post $0.98 EPS for the current fiscal year.

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

A hedge fund recently raised its stake in AAON stock. Principal Financial Group Inc. boosted its stake in AAON Inc. (NASDAQ:AAON) by 4.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 267,038 shares of the company’s stock after buying an additional 11,100 shares during the period. Principal Financial Group Inc. owned 0.49% of AAON worth $6,200,000 at the end of the most recent reporting period.

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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