Insider Selling: Argan (NYSE:AGX) Director Sells 2,581 Shares of Stock

Key Points

• Insider sale: Director Peter Getsinger sold 2,581 shares on April 2 at an average of $552.73 for about $1.427M, cutting his ownership by 19.22% to 10,847 shares (worth ≈$5.995M).
• Strong quarterly results and stock strength: Argan beat expectations with Q1 EPS of $3.47 vs. $1.99 expected and revenue of $262.05M, and the stock traded around $573.82 (near its 1‑year high) with a market cap near $8B.
• Institutional backing and analyst sentiment: Roughly 79.4% of shares are held by institutions with recent large new stakes (e.g., Emerald, TD Asset Management), and analysts show a consensus "Moderate Buy" with a $425.40 target following several upgrades.

Argan, Inc. (NYSE:AGX - Get Free Report) Director Peter Getsinger sold 2,581 shares of the business's stock in a transaction 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 directly owned 10,847 shares in the company, valued at $5,995,462.31. This represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Argan Stock Performance

NYSE AGX traded up $2.44 on Thursday, reaching $573.82. The company had a trading volume of 295,268 shares, compared to its average volume of 479,012. The company's fifty day moving average is $429.05 and its 200-day moving average is $354.37. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 58.91 and a beta of 0.46. Argan, Inc. has a 1-year low of $111.16 and a 1-year high of $588.00.

Argan (NYSE:AGX - Get Free Report) last released its quarterly earnings results on Thursday, March 26th. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $1.48. The firm had revenue of $262.05 million for the quarter, compared to the consensus estimate of $255.32 million. Argan had a return on equity of 33.62% and a net margin of 14.59%.The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $2.22 EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Argan during the 3rd quarter worth approximately $14,138,000. Thames Capital Management LLC bought a new position in shares of Argan in the third quarter valued at $11,175,000. Versor Investments LP bought a new position in shares of Argan in the third quarter valued at $971,000. Leavell Investment Management Inc. increased its holdings in Argan by 125.3% during the third quarter. Leavell Investment Management Inc. now owns 12,505 shares of the construction company's stock worth $3,377,000 after buying an additional 6,955 shares during the last quarter. Finally, TD Asset Management Inc acquired a new position in Argan during the third quarter worth $35,629,000. 79.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AGX has been the topic of a number of recent research reports. Zacks Research raised Argan from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. CJS Securities raised shares of Argan to a "hold" rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. upgraded shares of Argan from a "neutral" rating to an "overweight" rating and set a $550.00 price objective on the stock in a report on Friday, March 27th. The Goldman Sachs Group boosted their price objective on shares of Argan from $399.00 to $518.00 and gave the stock a "buy" rating in a research report on Friday, March 27th. Finally, Lake Street Capital increased their target price on shares of Argan from $325.00 to $375.00 and gave the stock a "hold" rating in a report on Friday, March 27th. One 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 MarketBeat, Argan presently has a consensus rating of "Moderate Buy" and a consensus target price of $425.40.

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.

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