Argan Inc. (NYSE:AGX) VP Richard H. Deily sold 2,350 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $59.00, for a total value of $138,650.00. Following the transaction, the vice president now owns 2,350 shares of the company’s stock, valued at approximately $138,650. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Argan Inc. (NYSE:AGX) opened at 57.37 on Monday. The stock’s 50 day moving average price is $53.46 and its 200 day moving average price is $42.64. The company has a market cap of $862.39 million, a P/E ratio of 17.63 and a beta of 1.29. Argan Inc. has a 1-year low of $28.03 and a 1-year high of $60.09.
Argan (NYSE:AGX) last released its earnings results on Tuesday, September 6th. The company reported $1.29 EPS for the quarter, topping 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 business 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 $0.70 dividend. This represents a yield of 1.27%. The ex-dividend date of this dividend is Friday, October 14th. Argan’s dividend payout ratio (DPR) is 21.41%.
Separately, Zacks Investment Research upgraded Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research note 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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