Argan Inc. (NYSE:AGX) Director James W. Quinn sold 10,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $58.86, for a total value of $588,600.00. Following the completion of the sale, the director now directly owns 69,570 shares of the company’s stock, valued at approximately $4,094,890.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Argan Inc. (NYSE:AGX) opened at 59.46 on Friday. Argan Inc. has a 1-year low of $28.03 and a 1-year high of $60.09. The firm has a market cap of $893.80 million, a PE ratio of 18.27 and a beta of 1.29. The firm’s 50-day moving average price is $53.18 and its 200 day moving average price is $42.48.

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

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

The company also recently declared an annual dividend, which will be paid on Friday, October 28th. Stockholders of record on Tuesday, October 18th will be paid a dividend of $0.70 per share. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, October 14th. Argan’s dividend payout ratio (DPR) is 21.41%.

Several research firms have issued reports on AGX. Zacks Investment Research raised Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company 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 for the company.

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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