Foundry Partners LLC Boosts Stake in Aegion Corp (AEGN)
Foundry Partners LLC raised its stake in Aegion Corp (NASDAQ:AEGN) by 27.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 497,369 shares of the construction company’s stock after buying an additional 107,157 shares during the period. Foundry Partners LLC’s holdings in Aegion Corp were worth $10,882,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of AEGN. Norges Bank acquired a new stake in shares of Aegion Corp during the fourth quarter valued at approximately $16,966,000. Quadrature Capital Ltd acquired a new stake in shares of Aegion Corp during the fourth quarter valued at approximately $239,000. Teachers Advisors LLC boosted its stake in shares of Aegion Corp by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 72,720 shares of the construction company’s stock valued at $1,723,000 after buying an additional 3,427 shares during the period. Bank of Montreal Can boosted its stake in shares of Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock valued at $176,000 after buying an additional 3,614 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Aegion Corp by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the construction company’s stock valued at $316,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.
Shares of Aegion Corp (NASDAQ:AEGN) opened at 20.42 on Friday. The firm’s 50-day moving average price is $22.25 and its 200 day moving average price is $22.02. The firm has a market cap of $644.21 million, a P/E ratio of 15.07 and a beta of 1.67. Aegion Corp has a 12-month low of $17.18 and a 12-month high of $26.68.
Aegion Corp (NASDAQ:AEGN) last posted 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. The firm had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. Aegion Corp’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. On average, equities analysts expect that Aegion Corp will post $1.19 earnings per share for the current fiscal year.
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Several equities research analysts have commented on AEGN shares. Canaccord Genuity reiterated a “buy” rating and issued a $30.00 price target on shares of Aegion Corp in a research report on Friday, April 21st. Hilliard Lyons cut shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Zacks Investment Research upgraded shares of Aegion Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Craig Hallum upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, May 23rd. Finally, TheStreet cut shares of Aegion Corp from a “b” rating to a “c” rating in a research report on Monday, June 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.17.
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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