BidaskClub lowered shares of Aegion (NASDAQ:AEGN) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Aegion from a sell rating to a hold rating in a report on Wednesday, November 8th. TheStreet cut Aegion from a b- rating to a c rating in a report on Thursday, November 2nd. Canaccord Genuity boosted their target price on Aegion from $26.00 to $27.00 and gave the stock a buy rating in a report on Friday, November 3rd. 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. Finally, Craig Hallum lowered Aegion from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Aegion currently has an average rating of Hold and a consensus price target of $26.33.

Shares of Aegion (NASDAQ:AEGN) traded up $0.26 during trading hours on Thursday, hitting $25.56. The stock had a trading volume of 503,061 shares, compared to its average volume of 140,924. The company has a quick ratio of 2.09, a current ratio of 2.36 and a debt-to-equity ratio of 0.65. Aegion has a 1-year low of $19.11 and a 1-year high of $28.19. The stock has a market cap of $831.39, a PE ratio of 19.97, a P/E/G ratio of 1.88 and a beta of 1.76.

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

In related news, EVP David F. Morris sold 9,239 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David A. Martin sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 101,430 shares in the company, valued at $2,434,320. The disclosure for this sale can be found here. Insiders own 3.62% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AEGN. Public Employees Retirement System of Ohio lifted its position in Aegion by 10.1% during 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 in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Aegion in the 3rd quarter valued at approximately $131,000. SG Americas Securities LLC acquired a new position in shares of Aegion in the 3rd quarter valued at approximately $133,000. Eqis Capital Management Inc. acquired a new position in shares of Aegion in the 3rd quarter valued at approximately $210,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Aegion in the 3rd quarter valued at approximately $240,000. 92.99% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Aegion (NASDAQ:AEGN)

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