Security National Bank of Sioux City Iowa IA lifted its stake in shares of Aegion Corp (NASDAQ:AEGN) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,021 shares of the construction company’s stock after acquiring an additional 795 shares during the quarter. Security National Bank of Sioux City Iowa IA owned 0.19% of Aegion Corp worth $1,335,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Aegion Corp by 12,966.0% during the 1st quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock worth $100,010,000 after acquiring an additional 4,331,939 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Aegion Corp during the 1st quarter worth $592,000. Tudor Investment Corp ET AL boosted its stake in shares of Aegion Corp by 16.0% during the 1st quarter. Tudor Investment Corp ET AL now owns 30,944 shares of the construction company’s stock worth $709,000 after acquiring an additional 4,279 shares in the last quarter. Scout Investments Inc. boosted its stake in shares of Aegion Corp by 3.9% during the 2nd quarter. Scout Investments Inc. now owns 144,650 shares of the construction company’s stock worth $3,165,000 after acquiring an additional 5,425 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Aegion Corp by 2.3% during the 2nd quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock worth $19,208,000 after acquiring an additional 19,447 shares in the last quarter. 88.86% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on AEGN. Hilliard Lyons raised Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, October 4th. Craig Hallum lowered Aegion Corp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine upgraded Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. BidaskClub upgraded Aegion Corp from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, Canaccord Genuity restated a “buy” rating and issued a $26.00 target price on shares of Aegion Corp in a report on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.17.
Aegion Corp (NASDAQ:AEGN) traded up 0.36% during mid-day trading on Tuesday, hitting $22.19. The stock had a trading volume of 67,034 shares. Aegion Corp has a 1-year low of $17.85 and a 1-year high of $26.68. The company has a market cap of $700.05 million, a P/E ratio of 16.38 and a beta of 1.68. The company has a 50-day moving average price of $21.93 and a 200 day moving average price of $21.62.
Aegion Corp (NASDAQ:AEGN) last announced its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. The firm had revenue of $354.47 million during the quarter, compared to analyst estimates of $351.51 million. During the same period last year, the firm earned $0.23 EPS. Aegion Corp’s quarterly revenue was up 18.9% on a year-over-year basis. Equities research analysts forecast that Aegion Corp will post $1.06 EPS for the current fiscal year.
About Aegion Corp
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.
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