Argan (AGX) Scheduled to Post Earnings on Thursday

Argan (NYSE:AGX) is scheduled to announce its earnings results after the market closes on Thursday, April 11th. Persons interested in listening to the company’s earnings conference call can do so using this link.

Argan Stock Up 1.7 %

Shares of AGX stock opened at $51.03 on Tuesday. The business has a 50-day moving average price of $47.92 and a two-hundred day moving average price of $46.45. Argan has a 12-month low of $37.37 and a 12-month high of $51.97. The firm has a market cap of $680.23 million, a P/E ratio of 20.41 and a beta of 0.49.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AGX. Quantbot Technologies LP increased its holdings in shares of Argan by 390.9% in the second quarter. Quantbot Technologies LP now owns 1,620 shares of the construction company’s stock worth $60,000 after buying an additional 1,290 shares during the period. Lazard Asset Management LLC bought a new position in Argan during the 2nd quarter worth approximately $80,000. PNC Financial Services Group Inc. bought a new position in Argan during the 1st quarter worth approximately $109,000. Barclays PLC increased its stake in Argan by 519.2% in the 4th quarter. Barclays PLC now owns 3,517 shares of the construction company’s stock worth $130,000 after purchasing an additional 2,949 shares during the period. Finally, UBS Group AG lifted its position in Argan by 38.6% in the third quarter. UBS Group AG now owns 5,052 shares of the construction company’s stock valued at $163,000 after purchasing an additional 1,408 shares during the last quarter. 79.43% of the stock is owned by hedge funds and other institutional investors.

About Argan

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