Argan, Inc. (NYSE:AGX) VP Richard H. Deily purchased 750 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was bought at an average cost of $39.25 per share, for a total transaction of $29,437.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:AGX traded down $0.31 during trading on Tuesday, reaching $38.82. The company had a trading volume of 101,813 shares, compared to its average volume of 119,448. The company has a fifty day moving average of $39.74 and a two-hundred day moving average of $42.97. The stock has a market capitalization of $611.11 million, a P/E ratio of 122.16 and a beta of 0.53. Argan, Inc. has a 12 month low of $35.08 and a 12 month high of $51.95.

Argan (NYSE:AGX) last issued its quarterly earnings results on Monday, September 9th. The construction company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. The firm had revenue of $63.10 million for the quarter, compared to analyst estimates of $67.65 million. Argan had a net margin of 0.50% and a return on equity of 1.36%. The business’s revenue for the quarter was down 53.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, October 22nd.

Large investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Argan by 12.8% in the 1st quarter. FMR LLC now owns 713,166 shares of the construction company’s stock valued at $35,623,000 after buying an additional 81,013 shares in the last quarter. James Investment Research Inc. increased its position in shares of Argan by 3.9% in the 2nd quarter. James Investment Research Inc. now owns 15,815 shares of the construction company’s stock valued at $641,000 after buying an additional 600 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Argan by 4.1% in the 2nd quarter. SG Americas Securities LLC now owns 54,968 shares of the construction company’s stock valued at $2,230,000 after buying an additional 2,142 shares in the last quarter. Investment Management of Virginia LLC increased its position in shares of Argan by 4.7% in the 2nd quarter. Investment Management of Virginia LLC now owns 181,582 shares of the construction company’s stock valued at $7,365,000 after buying an additional 8,202 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Argan by 2.4% in the 2nd quarter. Swiss National Bank now owns 26,100 shares of the construction company’s stock valued at $1,059,000 after buying an additional 600 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of Argan from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

About Argan

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments.

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