Commonwealth Equity Services LLC lowered its stake in shares of Argan, Inc. (NYSE:AGX) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,935 shares of the construction company’s stock after selling 2,706 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.31% of Argan worth $1,851,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of AGX. Radin Capital Partners Inc. bought a new stake in Argan during the 3rd quarter worth about $12,234,000. Dimensional Fund Advisors LP grew its holdings in Argan by 13.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,227,671 shares of the construction company’s stock worth $52,790,000 after acquiring an additional 145,488 shares during the last quarter. AltraVue Capital LLC bought a new stake in Argan during the 4th quarter worth about $4,728,000. Ashford Capital Management Inc. grew its holdings in Argan by 21.3% during the 3rd quarter. Ashford Capital Management Inc. now owns 683,832 shares of the construction company’s stock worth $29,405,000 after acquiring an additional 120,233 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in Argan by 22.1% during the 4th quarter. River Road Asset Management LLC now owns 432,729 shares of the construction company’s stock worth $16,374,000 after acquiring an additional 78,351 shares during the last quarter. 84.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:AGX opened at $48.22 on Friday. Argan, Inc. has a 12 month low of $34.90 and a 12 month high of $49.01. The stock has a market cap of $753.31 million, a price-to-earnings ratio of 12.25 and a beta of 0.95.
Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company's Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for 44 projects with approximately 15,000 megawatts of power-generating capacity.
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