Aegion Corp. (AEGN) Given Hold Rating at DA Davidson
Other equities research analysts have also recently issued reports about the company. Hilliard Lyons raised Aegion Corp. from a neutral rating to a buy rating in a research note on Tuesday, June 28th. Sidoti initiated coverage on Aegion Corp. in a research note on Monday, June 27th. They issued a neutral rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $21.33.
Aegion Corp. (NASDAQ:AEGN) traded down 0.91% during midday trading on Wednesday, hitting $19.67. The stock had a trading volume of 31,054 shares. Aegion Corp. has a 52 week low of $16.00 and a 52 week high of $22.41. The firm has a 50 day moving average of $18.66 and a 200 day moving average of $19.65. The firm’s market cap is $652.49 million.
Aegion Corp. (NASDAQ:AEGN) last released its earnings results on Tuesday, August 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Aegion Corp. had a positive return on equity of 7.08% and a negative net margin of 1.45%. The firm had revenue of $297.69 million for the quarter, compared to analysts’ expectations of $313.10 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Equities research analysts predict that Aegion Corp. will post $1.14 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foundry Partners LLC increased its position in Aegion Corp. by 63.6% in the third quarter. Foundry Partners LLC now owns 391,035 shares of the company’s stock worth $7,457,000 after buying an additional 151,984 shares in the last quarter. Mason Street Advisors LLC purchased a new position in Aegion Corp. during the second quarter worth $134,000. Security National Bank of Sioux City Iowa IA increased its position in Aegion Corp. by 1.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 63,684 shares of the company’s stock worth $1,242,000 after buying an additional 790 shares in the last quarter. Security National Bank of SO Dak increased its position in Aegion Corp. by 0.4% in the second quarter. Security National Bank of SO Dak now owns 43,782 shares of the company’s stock worth $854,000 after buying an additional 185 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Aegion Corp. by 26.1% in the second quarter. American Century Companies Inc. now owns 66,004 shares of the company’s stock worth $1,288,000 after buying an additional 13,676 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.
Aegion Corp. Company Profile
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
Receive News & Stock Ratings for Aegion Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion Corp. and related stocks with our FREE daily email newsletter.