Argan, Inc. (AGX) VP Sells $190,826.50 in Stock
Argan, Inc. (NYSE:AGX) VP Richard H. Deily sold 2,650 shares of the stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $72.01, for a total value of $190,826.50. Following the completion of the sale, the vice president now owns 2,650 shares of the company’s stock, valued at $190,826.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Argan, Inc. (NYSE:AGX) opened at 70.15 on Friday. The firm has a 50 day moving average price of $69.79 and a 200 day moving average price of $56.10. Argan, Inc. has a one year low of $28.03 and a one year high of $75.35. The company has a market capitalization of $1.07 billion, a P/E ratio of 19.00 and a beta of 1.00.
Argan (NYSE:AGX) last released its quarterly earnings data on Tuesday, December 6th. The company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.42. Argan had a return on equity of 23.01% and a net margin of 9.70%. On average, equities research analysts predict that Argan, Inc. will post $4.06 EPS for the current fiscal year.
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Several brokerages have issued reports on AGX. Zacks Investment Research upgraded Argan from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Thursday, December 8th. Avondale Partners downgraded Argan from an “outperform” rating to a “market perform” rating in a report on Thursday, December 8th.
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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