Argan Inc. (AGX) Director Peter W. Getsinger Sells 900 Shares
Argan Inc. (NYSE:AGX) Director Peter W. Getsinger sold 900 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $58.19, for a total transaction of $52,371.00. Following the completion of the sale, the director now directly owns 12,935 shares of the company’s stock, valued at $752,687.65. The transaction was disclosed in a filing with the SEC, which is available at this link.
Argan Inc. (NYSE:AGX) opened at 57.37 on Monday. The company has a market capitalization of $862.39 million, a P/E ratio of 17.63 and a beta of 1.29. The firm has a 50-day moving average price of $53.46 and a 200 day moving average price of $42.64. Argan Inc. has a 1-year low of $28.03 and a 1-year high of $60.09.
Argan (NYSE:AGX) last issued its quarterly earnings results on Tuesday, September 6th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.50. The business earned $162.50 million during the quarter. Argan had a return on equity of 21.27% and a net margin of 9.45%. On average, equities analysts predict that Argan Inc. will post $3.62 EPS for the current year.
The firm also recently declared an annual dividend, which will be paid on Friday, October 28th. Shareholders of record on Tuesday, October 18th will be issued a $0.70 dividend. This represents a yield of 1.27%. The ex-dividend date of this dividend is Friday, October 14th. Argan’s dividend payout ratio is presently 21.41%.
Separately, Zacks Investment Research raised shares of 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.
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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