Argan (NYSE:AGX) Director Peter Getsinger Sells 2,581 Shares

Argan, Inc. (NYSE:AGX) Director Peter Getsinger sold 2,581 shares of Argan stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $552.73, for a total transaction of $1,426,596.13. Following the completion of the sale, the director owned 10,847 shares in the company, valued at $5,995,462.31. This trade represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Argan Stock Up 0.4%

Shares of AGX stock opened at $573.82 on Friday. Argan, Inc. has a 12 month low of $111.16 and a 12 month high of $588.00. The company’s fifty day simple moving average is $432.91 and its 200-day simple moving average is $355.89. The firm has a market cap of $8.00 billion, a PE ratio of 58.91 and a beta of 0.46.

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. Argan had a net margin of 14.59% and a return on equity of 33.62%. The business had revenue of $262.05 million during the quarter, compared to the consensus estimate of $255.32 million. During the same quarter last year, the firm earned $2.22 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Hedge Funds Weigh In On Argan

Hedge funds and other institutional investors have recently bought and sold shares of the business. Maverick Capital Ltd. acquired a new position in Argan during the fourth quarter worth approximately $137,503,000. First Trust Advisors LP increased its holdings in shares of Argan by 14,436.3% during the 2nd quarter. First Trust Advisors LP now owns 329,393 shares of the construction company’s stock worth $72,624,000 after acquiring an additional 327,127 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Argan by 696.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 296,988 shares of the construction company’s stock worth $65,480,000 after acquiring an additional 259,720 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Argan by 168.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 253,365 shares of the construction company’s stock valued at $55,862,000 after acquiring an additional 159,149 shares during the period. Finally, Invesco Ltd. lifted its holdings in Argan by 172.5% during the 2nd quarter. Invesco Ltd. now owns 229,893 shares of the construction company’s stock valued at $50,687,000 after purchasing an additional 145,516 shares during the last quarter. Institutional investors own 79.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. CJS Securities upgraded Argan to a “hold” rating in a report on Thursday, December 11th. Lake Street Capital boosted their price target on Argan from $325.00 to $375.00 and gave the stock a “hold” 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 note on Tuesday. Wall Street Zen raised Argan from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, The Goldman Sachs Group raised their target price on shares of Argan from $399.00 to $518.00 and gave the company a “buy” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $425.40.

Key Argan News

Here are the key news stories impacting Argan this week:

• Positive Sentiment: Zacks upgraded Argan from “hold” to “strong-buy,” which can drive demand from growth-oriented investors and funds. Zacks Upgrade
• Positive Sentiment: Analyst coverage highlights a backlog rebuild — Argan reported a consolidated project backlog of $2.93 billion, signaling improved revenue visibility after prior project timing variability. That backlog recovery supports revenue growth expectations. Backlog Rebuild Article
• Positive Sentiment: Market commentary (Seeking Alpha/Zacks pieces) emphasizes that the recent earnings beat and Argan’s growth characteristics make the firm attractive to growth investors—supporting upward momentum in the share price. Earnings Commentary
• Neutral Sentiment: A GlobeNewswire release mentions rental income of €54.4M and 100% occupancy for an entity named ARGAN — this appears to describe a European real-estate firm (euros, Neuilly-sur-Seine) and may not be related to Argan, Inc. (NYSE:AGX). Treat this item as likely unrelated until confirmed. GlobeNewswire Rental Income Release
• Negative Sentiment: Director John Ronald Jr. Jeffrey sold 4,556 shares on March 31 at an average $539.85 (≈$2.46M), reducing his stake by ~55.6% — a notable insider sale that could create perception of insider cashing out. Jeffrey Form 4
• Negative Sentiment: Director Peter W. Getsinger sold 2,581 shares on April 2 at an average $552.73 (~$1.43M), trimming his position by ~19.2% — another insider sale that may raise short-term concerns about insider conviction. Getsinger Form 4

About Argan

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.