Kaizen Financial Strategies Sells 1,172 Shares of Argan, Inc. $AGX

Kaizen Financial Strategies lowered its holdings in shares of Argan, Inc. (NYSE:AGX) by 25.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,423 shares of the construction company’s stock after selling 1,172 shares during the quarter. Kaizen Financial Strategies’ holdings in Argan were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Palisades Investment Partners LLC boosted its holdings in shares of Argan by 13.4% in the fourth quarter. Palisades Investment Partners LLC now owns 3,199 shares of the construction company’s stock worth $1,002,000 after buying an additional 379 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Argan by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 5,200 shares of the construction company’s stock valued at $1,629,000 after buying an additional 211 shares during the last quarter. 4J Wealth Management LLC purchased a new stake in Argan during the fourth quarter valued at approximately $213,000. USA Financial Formulas bought a new position in Argan in the fourth quarter worth approximately $40,000. Finally, Pallas Capital Advisors LLC raised its position in Argan by 1.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,564 shares of the construction company’s stock worth $803,000 after acquiring an additional 34 shares during the period. Institutional investors own 79.43% of the company’s stock.

Argan Price Performance

Shares of NYSE AGX opened at $573.82 on Monday. The stock has a market cap of $8.00 billion, a PE ratio of 58.91 and a beta of 0.46. Argan, Inc. has a 1 year low of $111.16 and a 1 year high of $588.00. The firm has a fifty day moving average price of $437.11 and a 200-day moving average price of $359.89.

Argan (NYSE:AGX) last released its earnings results on Thursday, March 26th. The construction company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $1.48. The company had revenue of $262.05 million for the quarter, compared to analysts’ expectations of $255.32 million. Argan had a net margin of 14.59% and a return on equity of 33.62%. Argan’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.22 EPS.

Insiders Place Their Bets

In related news, Director Cynthia Flanders sold 19,000 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $386.70, for a total transaction of $7,347,300.00. Following the completion of the sale, the director owned 26,207 shares in the company, valued at approximately $10,134,246.90. This trade represents a 42.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Ronald Jr. Jeffrey sold 4,556 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $539.85, for a total value of $2,459,556.60. Following the sale, the director owned 3,636 shares of the company’s stock, valued at $1,962,894.60. This represents a 55.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 61,852 shares of company stock valued at $23,673,413 in the last ninety days. Insiders own 6.69% of the company’s stock.

Analyst Ratings Changes

AGX has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Argan from $399.00 to $518.00 and gave the company a “buy” rating in a research report on Friday, March 27th. Zacks Research upgraded Argan from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Weiss Ratings reissued a “buy (b+)” rating on shares of Argan in a report on Wednesday, December 24th. CJS Securities upgraded Argan to a “hold” rating in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. raised Argan from a “neutral” rating to an “overweight” rating and set a $550.00 price objective on the stock in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $425.40.

Argan Company Profile

Argan, Inc (NYSE: AGX) is a holding company that provides professional technical and management services to the power generation and renewable energy industries. Through its wholly owned subsidiaries, the company delivers engineering, procurement and construction management (EPCM), commissioning and operations and maintenance (O&M) services for a broad range of energy facilities. Argan focuses on projects for utility, industrial and municipally owned clients, helping to bring efficient thermal and renewable energy plants into operation and maintain optimal performance over the asset life cycle.

The company’s principal subsidiaries include Gemma Power Systems, which specializes in turnkey construction of combined-cycle, simple-cycle, cogeneration and renewable energy plants; Atlantic Projects Company, which provides electrical balance-of-plant, control systems, instrumentation and commissioning services; and Infrastructure Solutions, which offers industrial maintenance, outage support and modification services.