Peter W. Getsinger Sells 1,935 Shares of Argan Inc. (AGX) Stock
Argan Inc. (NYSE:AGX) Director Peter W. Getsinger sold 1,935 shares of the stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $57.71, for a total value of $111,668.85. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at approximately $634,810. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Argan Inc. (NYSE:AGX) opened at 55.70 on Tuesday. The stock has a market cap of $837.28 million, a P/E ratio of 17.11 and a beta of 1.29. Argan Inc. has a 12-month low of $28.03 and a 12-month high of $60.09. The stock has a 50 day moving average price of $54.90 and a 200-day moving average price of $43.67.
Argan (NYSE:AGX) last released its quarterly earnings data on Tuesday, September 6th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.50. The firm 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 expect that Argan Inc. will post $3.62 earnings per share for the current year.
The company also recently announced 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. The ex-dividend date of this dividend is Friday, October 14th. This represents a yield of 1.27%. Argan’s dividend payout ratio is presently 21.41%.
Separately, Zacks Investment Research upgraded Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock 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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