13,320 Shares in Argan, Inc. (NYSE:AGX) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new position in Argan, Inc. (NYSE:AGXFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,320 shares of the construction company’s stock, valued at approximately $623,000. Trexquant Investment LP owned approximately 0.10% of Argan at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC boosted its stake in Argan by 120.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 45,260 shares of the construction company’s stock worth $2,118,000 after buying an additional 24,769 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Argan by 360.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,005 shares of the construction company’s stock valued at $842,000 after purchasing an additional 14,092 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Argan during the third quarter valued at approximately $666,000. Jump Financial LLC purchased a new stake in shares of Argan during the third quarter valued at approximately $493,000. Finally, SG Americas Securities LLC boosted its stake in shares of Argan by 18.8% during the fourth quarter. SG Americas Securities LLC now owns 6,918 shares of the construction company’s stock valued at $324,000 after purchasing an additional 1,093 shares during the period. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Argan Stock Performance

NYSE:AGX opened at $70.56 on Friday. The firm has a market cap of $934.21 million, a PE ratio of 29.52 and a beta of 0.43. Argan, Inc. has a fifty-two week low of $37.37 and a fifty-two week high of $70.97. The business has a 50 day moving average price of $60.62 and a 200-day moving average price of $51.32.

Argan (NYSE:AGXGet Free Report) last announced its earnings results on Thursday, April 11th. The construction company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.14. The company had revenue of $164.55 million during the quarter, compared to the consensus estimate of $162.05 million. Argan had a return on equity of 11.37% and a net margin of 5.64%. The firm’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.46) earnings per share.

Argan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 22nd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.70%. Argan’s dividend payout ratio is presently 50.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AGX. Lake Street Capital increased their price objective on Argan from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, April 12th. StockNews.com raised Argan from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 15th.

Read Our Latest Stock Report on AGX

Insider Activity at Argan

In related news, Chairman William F. Griffin, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $59.99, for a total transaction of $899,850.00. Following the completion of the transaction, the chairman now owns 14,150 shares in the company, valued at $848,858.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Argan news, Director Mano S. Koilpillai sold 2,700 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $61.79, for a total value of $166,833.00. Following the completion of the transaction, the director now owns 7,608 shares in the company, valued at $470,098.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman William F. Griffin, Jr. sold 15,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $59.99, for a total value of $899,850.00. Following the completion of the transaction, the chairman now owns 14,150 shares of the company’s stock, valued at approximately $848,858.50. The disclosure for this sale can be found here. Insiders sold a total of 39,606 shares of company stock worth $2,394,182 over the last quarter. 11.85% of the stock is owned by corporate insiders.

Argan Profile

(Free Report)

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market. The company operates through Power Services, Industrial Services, and Telecom Services segments. The Power Services segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 18 gigawatts of power-generating capacity.

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Institutional Ownership by Quarter for Argan (NYSE:AGX)

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