Aegion (NASDAQ:AEGN) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

AEGN has been the subject of a number of other research reports. TheStreet cut Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised Aegion from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Craig Hallum cut Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Canaccord Genuity raised their price objective on Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $26.33.

Shares of Aegion (NASDAQ AEGN) opened at $25.56 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09. The firm has a market capitalization of $843.75, a price-to-earnings ratio of 20.27, a PEG ratio of 1.91 and a beta of 1.76. Aegion has a 52-week low of $19.11 and a 52-week high of $28.19.

Aegion (NASDAQ:AEGN) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. The firm had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.98 million. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. research analysts expect that Aegion will post 1.09 earnings per share for the current fiscal year.

In related news, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now owns 101,430 shares of the company’s stock, valued at approximately $2,434,320. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in Aegion by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after acquiring an additional 426 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Aegion during the 3rd quarter valued at about $131,000. SG Americas Securities LLC purchased a new position in shares of Aegion during the 3rd quarter valued at about $133,000. Eqis Capital Management Inc. purchased a new position in shares of Aegion during the 3rd quarter valued at about $210,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Aegion during the 3rd quarter valued at about $240,000. Institutional investors own 92.99% of the company’s stock.

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About Aegion

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.

Analyst Recommendations for Aegion (NASDAQ:AEGN)

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