Security National Bank of SO Dak Grows Stake in Aegion Corp (AEGN)

Security National Bank of SO Dak grew its position in Aegion Corp (NASDAQ:AEGN) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 48,882 shares of the construction company’s stock after buying an additional 1,090 shares during the period. Security National Bank of SO Dak owned 0.15% of Aegion Corp worth $1,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Aegion Corp by 12,966.0% during the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock worth $100,010,000 after purchasing an additional 4,331,939 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Aegion Corp during the first quarter worth $592,000. Tudor Investment Corp ET AL grew its stake in shares of Aegion Corp by 16.0% during the first quarter. Tudor Investment Corp ET AL now owns 30,944 shares of the construction company’s stock worth $709,000 after purchasing an additional 4,279 shares during the period. Scout Investments Inc. grew its stake in shares of Aegion Corp by 3.9% during the second quarter. Scout Investments Inc. now owns 144,650 shares of the construction company’s stock worth $3,165,000 after purchasing an additional 5,425 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Aegion Corp by 2.3% during the second quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock worth $19,208,000 after purchasing an additional 19,447 shares during the period. 88.86% of the stock is owned by institutional investors.

Shares of Aegion Corp (NASDAQ AEGN) traded up 0.36% during midday trading on Tuesday, hitting $22.19. The company had a trading volume of 67,034 shares. The stock’s 50-day moving average price is $21.93 and its 200-day moving average price is $21.62. Aegion Corp has a one year low of $17.85 and a one year high of $26.68. The stock has a market capitalization of $700.05 million, a price-to-earnings ratio of 16.38 and a beta of 1.68.

Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The business had revenue of $354.47 million for the quarter, compared to analyst estimates of $351.51 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. Analysts predict that Aegion Corp will post $1.06 EPS for the current year.

A number of equities research analysts recently commented on AEGN shares. Zacks Investment Research cut Aegion Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub raised Aegion Corp from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.50 price objective on shares of Aegion Corp in a research note on Friday, July 7th. Sidoti cut Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised Aegion Corp from a “c+” rating to a “b” rating in a research note on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Aegion Corp currently has an average rating of “Buy” and an average price target of $25.17.

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Aegion Corp Company Profile

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.

Institutional Ownership by Quarter for Aegion Corp (NASDAQ:AEGN)

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