Insider Buying: William Leimkuhler Purchases 4,000 Shares of Argan Stock (AGX)
Argan (NYSE:AGX) Director William Leimkuhler acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was purchased at an average price of $21.23 per share, with a total value of $84,920.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $424,600. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Argan (NYSE:AGX) traded up 1.13% on Wednesday, hitting $21.40. 51,925 shares of the company’s stock traded hands. Argan has a 1-year low of $13.90 and a 1-year high of $22.30. The stock has a 50-day moving average of $19.7 and a 200-day moving average of $17.1. The company has a market cap of $300.0 million and a P/E ratio of 9.46.
Argan (NYSE:AGX) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.89 EPS for the quarter. Analysts expect that Argan will post $2.17 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Thursday, November 7th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, October 10th.
Separately, analysts at Avondale Partners initiated coverage on shares of Argan in a research note to investors on Friday, July 19th. They set an “outperform” rating on the stock.
Argan, Inc (NYSE:AGX) conducts operations through its wholly owned subsidiaries, Gemma Power Systems, LLC and affiliates (GPS) and Southern Maryland Cable, Inc (SMC).
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