Royce & Associates LP Has $3.91 Million Holdings in Argan, Inc. (AGX)
Royce & Associates LP boosted its stake in shares of Argan, Inc. (NYSE:AGX) by 47,433.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 86,987 shares of the construction company’s stock after acquiring an additional 86,804 shares during the period. Royce & Associates LP’s holdings in Argan were worth $3,914,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Argan by 28.3% during the fourth quarter. BlackRock Inc. now owns 1,247,523 shares of the construction company’s stock worth $56,137,000 after buying an additional 275,338 shares during the period. Allianz Asset Management GmbH lifted its holdings in Argan by 557.4% during the third quarter. Allianz Asset Management GmbH now owns 551,806 shares of the construction company’s stock worth $37,109,000 after buying an additional 467,871 shares during the period. State Street Corp lifted its holdings in shares of Argan by 6.4% during the 2nd quarter. State Street Corp now owns 262,821 shares of the construction company’s stock valued at $15,768,000 after purchasing an additional 15,782 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Argan by 7.3% during the 2nd quarter. Northern Trust Corp now owns 183,254 shares of the construction company’s stock valued at $10,996,000 after purchasing an additional 12,429 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Argan by 45.9% during the 4th quarter. Bank of New York Mellon Corp now owns 144,128 shares of the construction company’s stock valued at $6,485,000 after purchasing an additional 45,366 shares during the last quarter. Institutional investors own 84.91% of the company’s stock.
AGX has been the subject of several analyst reports. Lake Street Capital lowered Argan from a “buy” rating to a “hold” rating and decreased their price objective for the company from $71.00 to $56.00 in a report on Thursday, December 7th. TheStreet lowered Argan from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th.
Argan (NYSE:AGX) last issued its quarterly earnings data on Wednesday, December 6th. The construction company reported $1.09 EPS for the quarter. Argan had a return on equity of 26.24% and a net margin of 9.18%. The firm had revenue of $232.95 million during the quarter.
In other Argan news, Director John Ronald Jr. Jeffrey acquired 1,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was purchased at an average price of $47.60 per share, for a total transaction of $47,600.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.50% of the company’s stock.
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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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