Aegion (NASDAQ:AEGN)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a $26.00 price target on the construction company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 0.23% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. BidaskClub downgraded Aegion from a “strong-buy” rating to a “buy” rating in a research report on Thursday. TheStreet downgraded Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Canaccord Genuity raised their price target on Aegion from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Hilliard Lyons raised Aegion from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Aegion currently has a consensus rating of “Hold” and an average price target of $26.33.
Aegion (NASDAQ:AEGN) traded down $0.13 during trading on Thursday, reaching $25.94. 165,100 shares of the company’s stock traded hands, compared to its average volume of 204,013. 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 $833.66, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.76. Aegion has a 52-week low of $19.11 and a 52-week high of $28.19.
In other Aegion news, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer now owns 101,430 shares in the company, valued at $2,434,320. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The disclosure for this sale can be found here. 3.62% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Eqis Capital Management Inc. bought a new position in Aegion during the third quarter worth about $210,000. State Street Corp lifted its stake in Aegion by 0.9% during the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after purchasing an additional 8,122 shares during the period. Scout Investments Inc. lifted its stake in Aegion 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. Royce & Associates LP lifted its stake in Aegion 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. Finally, First Trust Advisors LP lifted its stake in Aegion by 40.8% during the third quarter. First Trust Advisors LP now owns 437,891 shares of the construction company’s stock worth $10,194,000 after purchasing an additional 126,788 shares during the period. Hedge funds and other institutional investors own 92.99% of the company’s stock.
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Aegion 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.
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