2 weeks Ago By ABMN Staff
Argan, Inc. ( NYSE:AGX – Get Free Report ) Director Cynthia Flanders sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $96.
39, for a total transaction of $481,950.00. Following the completion of the sale, the director now owns 17,332 shares of the company’s stock, valued at approximately $1,670,631.
48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Argan Stock Up 2.
0 % NYSE:AGX opened at $100.43 on Friday. The company has a market capitalization of $1.
36 billion, a PE ratio of 35.74 and a beta of 0.51.
Argan, Inc. has a 52-week low of $39.74 and a 52-week high of $103.
00. The stock has a fifty day simple moving average of $80.19 and a 200-day simple moving average of $70.
05. Argan ( NYSE:AGX – Get Free Report ) last announced its earnings results on Thursday, September 5th. The construction company reported $1.
31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.34.
Argan had a net margin of 6.11% and a return on equity of 14.80%.
The company had revenue of $227.02 million during the quarter, compared to analysts’ expectations of $191.05 million.
The company’s revenue was up 60.6% on a year-over-year basis. Argan Increases Dividend Institutional Inflows and Outflows Institutional investors have recently added to or reduced their stakes in the company.
Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Argan during the 2nd quarter worth about $41,000.
Point72 DIFC Ltd acquired a new stake in Argan during the second quarter worth approximately $70,000. EntryPoint Capital LLC purchased a new stake in Argan in the 1st quarter worth approximately $95,000. Quest Partners LLC raised its holdings in Argan by 3,321.
4% in the 2nd quarter. Quest Partners LLC now owns 1,916 shares of the construction company’s stock valued at $140,000 after acquiring an additional 1,860 shares during the last quarter. Finally, CWM LLC increased its stake in Argan by 84.
6% in the second quarter. CWM LLC now owns 2,457 shares of the construction company’s stock valued at $180,000 after purchasing an additional 1,126 shares during the last quarter. Institutional investors and hedge funds own 79.
43% of the company’s stock. Analysts Set New Price Targets A number of research analysts have issued reports on the stock. Lake Street Capital increased their target price on shares of Argan from $70.
00 to $85.00 and gave the company a “buy” rating in a report on Friday, June 7th. StockNews.
com downgraded Argan from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 7th. Get Our Latest Research Report on AGX Argan Company Profile ( Get Free Report ) Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market. The company operates through Power Services, Industrial Services, and Telecom Services segments.
The Power Services segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects 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 projects with approximately 18 gigawatts of power-generating capacity. Read More Receive News & Ratings for Argan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argan and related companies with MarketBeat.com's FREE daily email newsletter .
.
