Insider Selling: Aegion Corp (AEGN) EVP Sells 9,239 Shares of Stock

Aegion Corp (NASDAQ:AEGN) EVP David F. Morris sold 9,239 shares of Aegion stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.05, for a total value of $259,153.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Aegion Corp (AEGN) traded down $0.38 during mid-day trading on Friday, hitting $27.25. The stock had a trading volume of 168,000 shares, compared to its average volume of 206,546. Aegion Corp has a 1-year low of $19.11 and a 1-year high of $28.19. The stock has a market capitalization of $886.36, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share 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 for the quarter, compared to analyst estimates of $328.98 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. equities analysts expect that Aegion Corp will post 1.08 earnings per share for the current year.

AEGN has been the subject of several recent research reports. Canaccord Genuity lifted their price objective on Aegion from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. TheStreet lowered Aegion from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Hilliard Lyons upgraded Aegion from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, October 4th. Sidoti lowered Aegion from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded Aegion from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.50.

Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its stake in shares of Aegion by 10.1% during the second 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 during the last quarter. Victory Capital Management Inc. purchased a new stake in Aegion in the third quarter valued at approximately $131,000. SG Americas Securities LLC purchased a new stake in Aegion in the third quarter valued at approximately $133,000. State of Alaska Department of Revenue boosted its position in Aegion by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock valued at $144,000 after buying an additional 2,874 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new stake in Aegion in the third quarter valued at approximately $210,000. Institutional investors and hedge funds own 92.98% 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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