Nebula Research & Development LLC Has $2.20 Million Stock Holdings in Argan, Inc. (NYSE:AGX)

Nebula Research & Development LLC grew its stake in Argan, Inc. (NYSE:AGX - Free Report) by 70.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,064 shares of the construction company's stock after purchasing an additional 6,652 shares during the quarter. Nebula Research & Development LLC owned approximately 0.12% of Argan worth $2,201,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AGX. Barclays PLC raised its stake in shares of Argan by 46.6% in the 3rd quarter. Barclays PLC now owns 66,341 shares of the construction company's stock valued at $6,728,000 after purchasing an additional 21,094 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Argan by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 287,246 shares of the construction company's stock worth $29,141,000 after purchasing an additional 1,553 shares during the period. Franklin Resources Inc. raised its position in shares of Argan by 51.0% during the 3rd quarter. Franklin Resources Inc. now owns 22,406 shares of the construction company's stock worth $2,273,000 after purchasing an additional 7,564 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Argan in the 3rd quarter worth approximately $6,687,000. Finally, Principal Financial Group Inc. acquired a new position in Argan during the 3rd quarter valued at approximately $1,373,000. Institutional investors and hedge funds own 79.43% of the company's stock.

Insider Transactions at Argan

In other news, Director Peter W. Getsinger sold 5,000 shares of the business's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $145.03, for a total value of $725,150.00. Following the sale, the director now owns 11,496 shares of the company's stock, valued at approximately $1,667,264.88. The trade was a 30.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.85% of the company's stock.

Argan Price Performance

NYSE:AGX traded down $1.57 during midday trading on Wednesday, reaching $151.84. 109,445 shares of the company traded hands, compared to its average volume of 435,108. Argan, Inc. has a twelve month low of $60.03 and a twelve month high of $191.46. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 31.77 and a beta of 0.45. The company has a fifty day moving average price of $130.23 and a 200 day moving average price of $141.13.

Argan (NYSE:AGX - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $1.07. Argan had a return on equity of 21.66% and a net margin of 8.20%. The company had revenue of $232.47 million during the quarter, compared to analyst estimates of $197.50 million. The company's revenue for the quarter was up 41.3% compared to the same quarter last year.

Argan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.50 dividend on an annualized basis and a yield of 0.99%. Argan's dividend payout ratio (DPR) is presently 24.55%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upgraded Argan from a "hold" rating to a "buy" rating and set a $150.00 price objective for the company in a research report on Friday, March 28th.

Argan Profile

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.