David A. Martin Sells 10,000 Shares of Aegion Corp (AEGN) Stock
Aegion Corp (NASDAQ:AEGN) CFO David A. Martin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer now owns 101,430 shares of the company’s stock, valued at $2,434,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Aegion Corp (NASDAQ AEGN) opened at $25.88 on Friday. The firm has a market capitalization of $841.80, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.99 and a beta of 1.68. The company has a current ratio of 2.58, a quick ratio of 2.23 and a debt-to-equity ratio of 0.59.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. The business had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.98 million. Aegion Corp had a positive return on equity of 7.40% and a negative net margin of 3.03%. Aegion Corp’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. equities research analysts expect that Aegion Corp will post 1.04 EPS for the current fiscal year.
Aegion Corp announced that its board has authorized a share buyback plan on Wednesday, November 1st that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
TRADEMARK VIOLATION NOTICE: “David A. Martin Sells 10,000 Shares of Aegion Corp (AEGN) Stock” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/david-a-martin-sells-10000-shares-of-aegion-corp-aegn-stock/1680269.html.
AEGN has been the subject of several research analyst reports. BidaskClub upgraded shares of Aegion Corp from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Hilliard Lyons upgraded shares of Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Canaccord Genuity restated a “buy” rating and set a $26.00 price objective on shares of Aegion Corp in a research report on Thursday, August 10th. Finally, TheStreet upgraded shares of Aegion Corp from a “c+” rating to a “b” rating in a research report on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $25.50.
A number of hedge funds and other institutional investors have recently bought and sold shares of AEGN. Wells Fargo & Company MN increased its holdings in Aegion Corp by 0.6% in the first quarter. Wells Fargo & Company MN now owns 25,867 shares of the construction company’s stock valued at $592,000 after purchasing an additional 150 shares during the period. SG Americas Securities LLC acquired a new stake in Aegion Corp in the first quarter valued at $119,000. OppenheimerFunds Inc. increased its holdings in Aegion Corp by 33.3% in the first quarter. OppenheimerFunds Inc. now owns 40,594 shares of the construction company’s stock valued at $930,000 after purchasing an additional 10,130 shares during the period. Principal Financial Group Inc. increased its holdings in Aegion Corp by 3.6% in the first quarter. Principal Financial Group Inc. now owns 290,195 shares of the construction company’s stock valued at $6,648,000 after purchasing an additional 9,984 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Aegion Corp in the first quarter valued at $363,000. Institutional investors and hedge funds own 88.89% of the company’s stock.
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.
Receive News & Ratings for Aegion Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.