Argan (NYSE:AGX - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 11th. Individual interested in listening to the company's earnings conference call can do so using this link.
Argan Price Performance
Shares of NYSE:AGX traded down $0.10 during midday trading on Friday, hitting $50.17. 44,596 shares of the company's stock were exchanged, compared to its average volume of 54,925. The stock has a 50 day moving average price of $47.79 and a 200-day moving average price of $46.40. The company has a market cap of $668.77 million, a PE ratio of 20.07 and a beta of 0.49. Argan has a 12 month low of $37.37 and a 12 month high of $51.97.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Argan from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 8th.
View Our Latest Stock Report on Argan
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP lifted its stake in shares of Argan by 390.9% during the 2nd quarter. Quantbot Technologies LP now owns 1,620 shares of the construction company's stock valued at $60,000 after buying an additional 1,290 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Argan in the 2nd quarter worth $80,000. PNC Financial Services Group Inc. bought a new position in shares of Argan in the 1st quarter worth $109,000. Barclays PLC increased its holdings in shares of 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 buying an additional 2,949 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Argan by 38.6% in the 3rd quarter. UBS Group AG now owns 5,052 shares of the construction company's stock worth $163,000 after buying an additional 1,408 shares during the last quarter. 79.43% of the stock is currently owned by hedge funds and other institutional investors.
Argan Company Profile
(
Get Free Report)
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.
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