Argan Inc. (AGX) VP Richard H. Deily Sells 2,350 Shares
Argan Inc. (NYSE:AGX) VP Richard H. Deily sold 2,350 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $59.00, for a total value of $138,650.00. Following the sale, the vice president now owns 2,350 shares in the company, valued at approximately $138,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Argan Inc. (NYSE:AGX) opened at 58.76 on Thursday. The stock’s 50 day moving average price is $52.79 and its 200-day moving average price is $42.36. Argan Inc. has a 12 month low of $28.03 and a 12 month high of $59.53. The firm has a market capitalization of $883.28 million, a PE ratio of 18.05 and a beta of 1.29.
Argan (NYSE:AGX) last posted its earnings results on Tuesday, September 6th. The company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.50. Argan had a return on equity of 21.27% and a net margin of 9.45%. The company had revenue of $162.50 million for the quarter. On average, equities analysts anticipate that Argan Inc. will post $3.62 earnings per share for the current fiscal year.
The business also recently announced an annual dividend, which will be paid on Friday, October 28th. Shareholders of record on Tuesday, October 18th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, October 14th. This represents a yield of 1.27%. Argan’s dividend payout ratio (DPR) is currently 21.41%.
Several brokerages have issued reports on AGX. Zacks Investment Research upgraded Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research note on Thursday, September 8th. Lake Street Capital began coverage on Argan in a research note on Thursday, June 9th. They set a “buy” rating on the stock.
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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