Maxim Group began coverage on shares of Aegion (NASDAQ:AEGN) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage issued a hold rating and a $18.00 price target on the construction company’s stock.

“Based on a risk of more costs from Aegion’s current restructuring effort and ahead of potential progress selling more drinking water pipe products, we initiate coverage of Aegion with a Hold rating.”,” the firm’s analyst wrote.

A number of other equities analysts have also issued reports on AEGN. ValuEngine lowered Aegion from a buy rating to a hold rating in a research report on Wednesday, September 19th. BidaskClub raised Aegion from a strong sell rating to a sell rating in a research report on Saturday, September 22nd. Canaccord Genuity lowered Aegion from a buy rating to a hold rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research reissued a sell rating on shares of Aegion in a research report on Monday, November 12th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $25.75.

Shares of AEGN opened at $18.26 on Monday. Aegion has a 52-week low of $15.12 and a 52-week high of $26.80. The company has a market capitalization of $585.85 million, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The company has a current ratio of 2.17, a quick ratio of 1.89 and a debt-to-equity ratio of 0.57.

Aegion (NASDAQ:AEGN) last announced its earnings results on Tuesday, October 30th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). Aegion had a negative net margin of 0.55% and a positive return on equity of 7.42%. The business had revenue of $339.68 million during the quarter, compared to analyst estimates of $344.25 million. Sell-side analysts expect that Aegion will post 1.2 earnings per share for the current fiscal year.

In other news, CFO David F. Morris purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $18.50 per share, with a total value of $185,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.37% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Aegion by 3.6% during the 3rd quarter. BlackRock Inc. now owns 4,633,230 shares of the construction company’s stock worth $117,594,000 after buying an additional 161,864 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Aegion by 2.5% in the third quarter. Vanguard Group Inc. now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after purchasing an additional 75,215 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Aegion by 2.5% in the third quarter. Vanguard Group Inc now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after purchasing an additional 75,215 shares in the last quarter. Northern Trust Corp grew its stake in shares of Aegion by 0.5% in the second quarter. Northern Trust Corp now owns 968,673 shares of the construction company’s stock worth $24,943,000 after purchasing an additional 4,539 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Aegion by 11.2% in the third quarter. Renaissance Technologies LLC now owns 550,400 shares of the construction company’s stock worth $13,969,000 after purchasing an additional 55,400 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Aegion

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.

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