Aegion Corp. (AEGN) Stock Price Up 4.8%
Aegion Corp. (NASDAQ:AEGN) rose 4.8% during mid-day trading on Thursday . The stock traded as high as $19.41 and last traded at $19.31, with a volume of 118,330 shares traded. The stock had previously closed at $18.42.
AEGN has been the subject of a number of recent analyst reports. Sidoti initiated coverage on Aegion Corp. in a research note on Monday, June 27th. They issued a “neutral” rating for the company. Zacks Investment Research raised Aegion Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Hilliard Lyons raised Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Aegion Corp. has an average rating of “Hold” and a consensus price target of $22.00.
The company’s market cap is $635.58 million. The stock has a 50-day moving average of $19.64 and a 200-day moving average of $19.69.
Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $297.69 million for the quarter, compared to the consensus estimate of $313.10 million. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. Equities research analysts predict that Aegion Corp. will post $1.08 earnings per share for the current year.
A number of hedge funds recently added to or reduced their stakes in AEGN. Rhumbline Advisers raised its stake in Aegion Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 61,829 shares of the company’s stock valued at $1,194,000 after buying an additional 1,240 shares in the last quarter. First Trust Advisors LP increased its position in shares of Aegion Corp. by 17.9% in the fourth quarter. First Trust Advisors LP now owns 95,606 shares of the company’s stock valued at $1,846,000 after buying an additional 14,501 shares during the last quarter. Bank of Montreal Can increased its position in shares of Aegion Corp. by 34,264.7% in the fourth quarter. Bank of Montreal Can now owns 99,314 shares of the company’s stock valued at $1,917,000 after buying an additional 99,025 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Aegion Corp. by 5.1% in the fourth quarter. KBC Group NV now owns 134,600 shares of the company’s stock valued at $2,599,000 after buying an additional 6,588 shares during the last quarter.
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.
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