Argan (AGX) Scheduled to Post Quarterly Earnings on Thursday

Argan (NYSE:AGX) will be issuing its quarterly earnings data after the market closes on Thursday, April 11th.

Argan Stock Performance

Shares of NYSE:AGX traded down $0.10 during midday trading on Friday, hitting $50.17. 44,596 shares of the stock were exchanged, compared to its average volume of 54,925. The business’s 50-day moving average price is $47.79 and its 200 day moving average price is $46.38. Argan has a 12 month low of $37.37 and a 12 month high of $51.97. The stock has a market capitalization of $668.77 million, a price-to-earnings ratio of 20.07 and a beta of 0.49.

Institutional Investors Weigh In On Argan

A number of institutional investors and hedge funds have recently bought and sold shares of AGX. Bank of New York Mellon Corp grew its stake in Argan by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 120,094 shares of the construction company’s stock valued at $4,874,000 after purchasing an additional 3,795 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of Argan during the 1st quarter worth $109,000. Bank of Montreal Can bought a new position in shares of Argan during the 1st quarter worth $340,000. MetLife Investment Management LLC boosted its stake in Argan by 45.5% in the 1st quarter. MetLife Investment Management LLC now owns 8,933 shares of the construction company’s stock worth $363,000 after purchasing an additional 2,793 shares during the period. Finally, Panagora Asset Management Inc. raised its holdings in shares of Argan by 4.1% in the 1st quarter. Panagora Asset Management Inc. now owns 41,946 shares of the construction company’s stock valued at $1,703,000 after acquiring an additional 1,638 shares in the last quarter. 79.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Argan from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 8th.

Argan Company Profile

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