Swiss National Bank grew its holdings in Argan, Inc. (NYSE:AGX) by 2.4% during the second quarter, Holdings Channel.com reports. The firm owned 26,100 shares of the construction company’s stock after acquiring an additional 600 shares during the period. Swiss National Bank’s holdings in Argan were worth $1,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in Argan by 39.6% in the 1st quarter. Parallel Advisors LLC now owns 1,029 shares of the construction company’s stock valued at $51,000 after buying an additional 292 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Argan by 201.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,048 shares of the construction company’s stock worth $152,000 after acquiring an additional 2,038 shares in the last quarter. James Investment Research Inc. increased its stake in Argan by 3.9% during the 2nd quarter. James Investment Research Inc. now owns 15,815 shares of the construction company’s stock worth $641,000 after purchasing an additional 600 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Argan during the first quarter worth $934,000. Finally, Cetera Advisors LLC increased its holdings in Argan by 4.1% during the 1st quarter. Cetera Advisors LLC now owns 48,782 shares of the construction company’s stock worth $2,428,000 after purchasing an additional 1,914 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

AGX stock traded up $0.60 during midday trading on Wednesday, hitting $42.91. The company’s stock had a trading volume of 8,252 shares, compared to its average volume of 83,930. Argan, Inc. has a twelve month low of $35.08 and a twelve month high of $51.95. The stock has a market capitalization of $649.41 million, a P/E ratio of 129.81 and a beta of 0.59. The company’s fifty day moving average price is $40.19 and its 200 day moving average price is $44.74.

Argan (NYSE:AGX) last released its quarterly earnings data on Monday, September 9th. The construction company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. The company had revenue of $63.10 million during the quarter, compared to analysts’ expectations of $67.65 million. Argan had a return on equity of 1.34% and a net margin of 0.50%. The business’s revenue was down 53.8% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share.

Argan Company Profile

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments.

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Institutional Ownership by Quarter for Argan (NYSE:AGX)

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