John Ronald Jr. Jeffrey Buys 1,000 Shares of Argan, Inc. (NYSE:AGX) Stock

Argan, Inc. (NYSE:AGXGet Rating) Director John Ronald Jr. Jeffrey bought 1,000 shares of Argan stock in a transaction on Friday, May 6th. The shares were purchased at an average cost of $36.70 per share, for a total transaction of $36,700.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at $293,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Ronald Jr. Jeffrey also recently made the following trade(s):

  • On Friday, April 22nd, John Ronald Jr. Jeffrey bought 1,000 shares of Argan stock. The shares were acquired at an average cost of $36.97 per share, for a total transaction of $36,970.00.

Shares of AGX opened at $35.90 on Tuesday. The company has a 50-day moving average of $38.95. The stock has a market cap of $533.12 million, a P/E ratio of 14.96 and a beta of 0.55. Argan, Inc. has a 52-week low of $35.60 and a 52-week high of $53.54.

The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, April 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, April 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.79%. Argan’s dividend payout ratio is presently 41.67%.

Several research analysts have recently issued reports on the stock. TheStreet upgraded shares of Argan from a “c” rating to a “b-” rating in a report on Wednesday, April 13th. StockNews.com assumed coverage on shares of Argan in a research report on Thursday, March 31st. They set a “buy” rating for the company.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its holdings in shares of Argan by 1,153.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,905 shares of the construction company’s stock valued at $83,000 after purchasing an additional 1,753 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Argan by 73.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,273 shares of the construction company’s stock valued at $88,000 after purchasing an additional 962 shares in the last quarter. UBS Group AG increased its holdings in shares of Argan by 38.5% in the 3rd quarter. UBS Group AG now owns 3,168 shares of the construction company’s stock valued at $138,000 after purchasing an additional 881 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Argan by 63.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,725 shares of the construction company’s stock valued at $151,000 after purchasing an additional 1,452 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Argan by 100.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,200 shares of the construction company’s stock valued at $183,000 after acquiring an additional 2,103 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.

Argan Company Profile (Get Rating)

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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