Argan Inc. (NYSE:AGX) Director Peter W. Getsinger sold 1,935 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $57.71, for a total value of $111,668.85. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $634,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Argan Inc. (NYSE:AGX) opened at 56.35 on Wednesday. Argan Inc. has a 12 month low of $28.03 and a 12 month high of $60.09. The stock has a market cap of $847.05 million, a PE ratio of 17.31 and a beta of 1.29. The stock’s 50 day moving average price is $55.13 and its 200-day moving average price is $43.82.
Argan (NYSE:AGX) last released its earnings results on Tuesday, September 6th. The company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.50. The company earned $162.50 million during the quarter. Argan had a return on equity of 21.27% and a net margin of 9.45%. Analysts anticipate that Argan Inc. will post $3.62 EPS for the current fiscal year.
The company also recently announced an annual dividend, which will be paid on Friday, October 28th. Stockholders of record on Tuesday, October 18th will be paid a $0.70 dividend. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, October 14th. Argan’s 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 target 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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