Argan Inc. (NYSE:AGX) Director James W. Quinn sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $57.08, for a total value of $570,800.00. Following the transaction, the director now directly owns 79,570 shares in the company, valued at approximately $4,541,855.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Argan Inc. (NYSE:AGX) opened at 59.19 on Monday. The company’s 50 day moving average price is $51.74 and its 200-day moving average price is $41.75. The stock has a market cap of $889.74 million, a price-to-earnings ratio of 18.18 and a beta of 1.29. Argan Inc. has a 12-month low of $28.03 and a 12-month high of $59.41.

Argan (NYSE:AGX) last posted its quarterly earnings data on Tuesday, September 6th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.50. The company earned $162.50 million during the quarter. Argan had a net margin of 9.45% and a return on equity of 21.27%. On average, analysts forecast that Argan Inc. will post $3.62 EPS for the current year.

Insider Buying and Selling by Quarter for Argan (NYSE:AGX)

The company also recently disclosed an annual dividend, which will be paid on Friday, October 28th. Shareholders of record on Tuesday, October 18th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 14th. This represents a yield of 1.27%. Argan’s payout ratio is currently 21.41%.

A number of equities analysts recently issued reports on AGX shares. Zacks Investment Research raised Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a report on Thursday, September 8th. Lake Street Capital started coverage on Argan in a report on Thursday, June 9th. They set a “buy” rating on the stock.

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.

5 Day Chart for NYSE:AGX

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