Peter W. Getsinger Sells 1,935 Shares of Argan Inc. (AGX) Stock
Argan Inc. (NYSE:AGX) Director Peter W. Getsinger sold 1,935 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $57.71, for a total transaction of $111,668.85. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at $634,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Argan Inc. (NYSE:AGX) opened at 55.70 on Tuesday. Argan Inc. has a one year low of $28.03 and a one year high of $60.09. The firm has a 50-day moving average of $54.90 and a 200-day moving average of $43.67. The company has a market capitalization of $837.28 million, a P/E ratio of 17.11 and a beta of 1.29.
Argan (NYSE:AGX) last issued its earnings results on Tuesday, September 6th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.50. Argan had a return on equity of 21.27% and a net margin of 9.45%. The business earned $162.50 million during the quarter. On average, analysts anticipate that Argan Inc. will post $3.62 earnings per share for the current year.
The firm also recently declared an annual dividend, which will be paid on Friday, October 28th. Stockholders of record on Tuesday, October 18th will be issued 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 is presently 21.41%.
Separately, Zacks Investment Research upgraded shares of Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a report on Thursday, September 8th.
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.
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