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 shares were sold at an average price of $57.71, for a total transaction of $111,668.85. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $634,810. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Argan Inc. (NYSE:AGX) opened at 56.37 on Friday. The stock has a 50 day moving average of $54.54 and a 200 day moving average of $43.25. Argan Inc. has a 12 month low of $28.03 and a 12 month high of $60.09. The firm has a market capitalization of $847.35 million, a PE ratio of 17.32 and a beta of 1.29.
Argan (NYSE:AGX) last announced its earnings results on Tuesday, September 6th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.50. The company earned $162.50 million during the quarter. Argan had a net margin of 9.45% and a return on equity of 21.27%. On average, equities analysts predict that Argan Inc. will post $3.62 earnings per share for the current fiscal year.
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The company also recently announced an annual dividend, which will be paid on Friday, October 28th. Stockholders of record on Tuesday, October 18th will be issued a $0.70 dividend. The ex-dividend date is Friday, October 14th. This represents a dividend yield of 1.27%.
Separately, Zacks Investment Research raised shares of Argan from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a report on Thursday, September 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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