Insider Selling: Argan (NYSE:AGX) CFO Sells 760 Shares of Stock

Argan, Inc. (NYSE:AGX) CFO Joshua Scott Baugher sold 760 shares of Argan stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $733.30, for a total value of $557,308.00. Following the transaction, the chief financial officer directly owned 1,479 shares of the company’s stock, valued at approximately $1,084,550.70. This represents a 33.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Joshua Scott Baugher also recently made the following trade(s):

• On Thursday, April 16th, Joshua Scott Baugher sold 600 shares of Argan stock. The stock was sold at an average price of $605.60, for a total value of $363,360.00.

Argan Price Performance

Argan stock traded up $18.91 during trading hours on Thursday, hitting $738.43. The stock had a trading volume of 521,953 shares, compared to its average volume of 408,845. Argan, Inc. has a 1-year low of $193.82 and a 1-year high of $779.00. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 64.89 and a beta of 0.58. The stock’s fifty day moving average is $653.49 and its two-hundred day moving average is $485.14.

Argan (NYSE:AGX) last released its quarterly earnings results on Thursday, June 4th. The construction company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.93. Argan had a return on equity of 36.89% and a net margin of 15.48%.The business had revenue of $290.95 million during the quarter, compared to the consensus estimate of $256.03 million. During the same quarter in the previous year, the company posted $1.60 EPS. The business’s revenue was up 50.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Argan, Inc. will post 12.6 EPS for the current year.

Argan declared that its Board of Directors has initiated a share repurchase program on Wednesday, April 8th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Argan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Argan’s payout ratio is presently 17.57%.

More Argan News

Here are the key news stories impacting Argan this week:

• Positive Sentiment: Argan has surged sharply over the past three months, reflecting strong investor confidence in its energy-infrastructure growth story. The company is benefiting from data center-driven power demand, electrification, manufacturing reshoring, and a robust project pipeline. Argan stock soars 53% article
• Positive Sentiment: Recent commentary highlighted Argan’s backlog as 79% gas-focused, which could support future revenue as power demand rises and major U.S. infrastructure projects progress. Argan backlog article
• Positive Sentiment: The company’s recent quarterly results were strong, with earnings and revenue both beating estimates, and management also has a $200 million buyback authorization in place, which can support the stock. Argan earnings and buyback details
• Neutral Sentiment: Argan also announced a quarterly dividend, adding shareholder return support, though the yield remains modest. Argan dividend details
• Negative Sentiment: Several insiders, including the CEO, chairman, and directors, have sold shares recently. While these sales may simply reflect profit-taking after the run-up, clustered insider selling can weigh on sentiment. Argan insider selling alert

Wall Street Analyst Weigh In

AGX has been the subject of a number of recent research reports. Lake Street Capital lifted their price objective on Argan from $375.00 to $600.00 and gave the stock a “hold” rating in a research report on Friday, June 5th. Freedom Capital upgraded Argan to a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Argan in a research report on Monday, April 6th. The Goldman Sachs Group boosted their price target on Argan from $399.00 to $518.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Finally, Wall Street Zen upgraded Argan from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Argan currently has an average rating of “Moderate Buy” and a consensus target price of $470.40.

Hedge Funds Weigh In On Argan

Institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Argan in the 3rd quarter worth approximately $25,000. Western Wealth Management LLC purchased a new stake in shares of Argan in the first quarter valued at $25,000. Danske Bank A S acquired a new position in Argan in the third quarter valued at $27,000. Montag A & Associates Inc. purchased a new position in Argan during the fourth quarter worth about $30,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in Argan in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 79.43% of the company’s stock.

About Argan

Argan, Inc (NYSE: AGX) is a holding company that provides professional technical and management services to the power generation and renewable energy industries. Through its wholly owned subsidiaries, the company delivers engineering, procurement and construction management (EPCM), commissioning and operations and maintenance (O&M) services for a broad range of energy facilities. Argan focuses on projects for utility, industrial and municipally owned clients, helping to bring efficient thermal and renewable energy plants into operation and maintain optimal performance over the asset life cycle.

The company’s principal subsidiaries include Gemma Power Systems, which specializes in turnkey construction of combined-cycle, simple-cycle, cogeneration and renewable energy plants; Atlantic Projects Company, which provides electrical balance-of-plant, control systems, instrumentation and commissioning services; and Infrastructure Solutions, which offers industrial maintenance, outage support and modification services.