Argan Inc. (AGX) Director James W. Quinn Sells 10,000 Shares
Argan Inc. (NYSE:AGX) Director James W. Quinn sold 10,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $58.86, for a total value of $588,600.00. Following the completion of the sale, the director now directly owns 69,570 shares in the company, valued at approximately $4,094,890.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Argan Inc. (NYSE:AGX) opened at 58.76 on Thursday. Argan Inc. has a 52-week low of $28.03 and a 52-week high of $59.53. The firm has a market capitalization of $883.28 million, a price-to-earnings ratio of 18.05 and a beta of 1.29. The company’s 50-day moving average price is $52.79 and its 200 day moving average price is $42.36.
Argan (NYSE:AGX) last released its quarterly earnings results on Tuesday, September 6th. The company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.50. The business had revenue of $162.50 million for the quarter. Argan had a return on equity of 21.27% and a net margin of 9.45%. Equities analysts predict that Argan Inc. will post $3.62 earnings per share for the current fiscal year.
The firm also recently declared an annual dividend, which will be paid on Friday, October 28th. Investors of record on Tuesday, October 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, October 14th. This represents a yield of 1.27%. Argan’s dividend payout ratio (DPR) is presently 21.41%.
AGX has been the topic of a number of recent analyst reports. Zacks Investment Research raised Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research report on Thursday, September 8th. Lake Street Capital initiated coverage on Argan in a research report on Thursday, June 9th. They set a “buy” rating on the stock.
Argan Company Profile
Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.
Receive News & Stock Ratings for Argan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argan Inc. and related stocks with our FREE daily email newsletter.