Argan Inc. (AGX) VP Richard H. Deily Sells 2,350 Shares
Argan Inc. (NYSE:AGX) VP Richard H. Deily sold 2,350 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $59.00, for a total value of $138,650.00. Following the completion of the sale, the vice president now owns 2,350 shares of the company’s stock, valued at $138,650. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Argan Inc. (NYSE:AGX) opened at 58.76 on Thursday. The firm has a market cap of $883.28 million, a price-to-earnings ratio of 18.05 and a beta of 1.29. Argan Inc. has a 52-week low of $28.03 and a 52-week high of $59.53. The firm’s 50-day moving average price is $52.79 and its 200 day moving average price is $42.36.
Argan (NYSE:AGX) last announced its quarterly earnings data on Tuesday, September 6th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.50. Argan had a return on equity of 21.27% and a net margin of 9.45%. The firm had revenue of $162.50 million for the quarter. On average, equities research analysts forecast that Argan Inc. will post $3.62 EPS for the current year.
The company also recently disclosed an annual dividend, which will be paid on Friday, October 28th. Shareholders of record on Tuesday, October 18th will be paid a dividend of $0.70 per share. This represents a yield of 1.27%. The ex-dividend date of this dividend is Friday, October 14th. Argan’s payout ratio is currently 21.41%.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a report on Thursday, September 8th. Lake Street Capital assumed 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.
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