Aegion Corp. (AEGN) Shares Up 2.4%
Aegion Corp. (NASDAQ:AEGN)’s share price shot up 2.4% on Tuesday . The stock traded as high as $18.10 and last traded at $17.93, with a volume of 148,909 shares traded. The stock had previously closed at $17.51.
A number of equities analysts have recently commented on AEGN shares. Sidoti started coverage on Aegion Corp. in a report on Monday, June 27th. They issued a “neutral” rating on the stock. Hilliard Lyons upgraded Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, June 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $22.00.
The company’s market cap is $606.05 million. The company’s 50 day moving average is $18.60 and its 200 day moving average is $19.75.
Aegion Corp. (NASDAQ:AEGN) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share for the quarter, beating 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 business had revenue of $297.69 million for the quarter, compared to the consensus estimate of $313.10 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Aegion Corp.’s revenue for the quarter was down 11.7% compared to the same quarter last year. Analysts predict that Aegion Corp. will post $1.14 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of AEGN. Mason Street Advisors LLC acquired a new position in shares of Aegion Corp. during the second quarter worth $134,000. Security National Bank of Sioux City Iowa IA increased its position in shares of 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 shares of 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. American Century Companies Inc. increased its position in shares of 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. Finally, Arizona State Retirement System increased its position in shares of Aegion Corp. by 0.6% in the second quarter. Arizona State Retirement System now owns 18,273 shares of the company’s stock worth $357,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.
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.
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