Comprehensive Financial Planning Inc. PA Buys New Shares in Argan, Inc. (NYSE:AGX)

Comprehensive Financial Planning Inc. PA acquired a new stake in Argan, Inc. (NYSE:AGX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,987 shares of the construction company's stock, valued at approximately $272,000.

Several other institutional investors have also bought and sold shares of the company. Prime Capital Investment Advisors LLC lifted its stake in Argan by 1.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,796 shares of the construction company's stock valued at $486,000 after purchasing an additional 86 shares during the last quarter. Savant Capital LLC lifted its stake in Argan by 1.3% in the fourth quarter. Savant Capital LLC now owns 10,552 shares of the construction company's stock valued at $1,446,000 after purchasing an additional 133 shares during the last quarter. Spire Wealth Management purchased a new position in Argan in the fourth quarter valued at approximately $26,000. Meritage Portfolio Management raised its holdings in Argan by 7.4% during the 4th quarter. Meritage Portfolio Management now owns 5,147 shares of the construction company's stock valued at $705,000 after acquiring an additional 354 shares during the period. Finally, FMR LLC raised its holdings in Argan by 68.2% during the 3rd quarter. FMR LLC now owns 1,033 shares of the construction company's stock valued at $105,000 after acquiring an additional 419 shares during the period. Hedge funds and other institutional investors own 79.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AGX shares. StockNews.com cut shares of Argan from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Lake Street Capital cut shares of Argan from a "buy" rating to a "hold" rating and boosted their target price for the company from $85.00 to $150.00 in a report on Tuesday, December 3rd. Finally, CJS Securities reissued a "market perform" rating and set a $150.00 target price on shares of Argan in a report on Friday, December 6th.

Argan Trading Down 0.6 %

Shares of Argan stock traded down $0.96 during trading on Thursday, hitting $148.37. The stock had a trading volume of 268,681 shares, compared to its average volume of 516,929. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 31.04 and a beta of 0.56. Argan, Inc. has a 12 month low of $45.57 and a 12 month high of $191.46. The business's 50-day moving average is $150.80 and its 200 day moving average is $123.31.

Argan (NYSE:AGX - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The construction company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.74. The firm had revenue of $257.00 million for the quarter, compared to analysts' expectations of $225.60 million. Argan had a net margin of 8.20% and a return on equity of 21.66%. The company's revenue was up 56.9% on a year-over-year basis.

Argan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 23rd were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.50 annualized dividend and a dividend yield of 1.01%. Argan's payout ratio is currently 31.38%.

Insider Transactions at Argan

In other news, Director Peter W. Getsinger sold 7,385 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $165.29, for a total value of $1,220,666.65. Following the transaction, the director now owns 11,792 shares of the company's stock, valued at approximately $1,949,099.68. This represents a 38.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard H. Deily sold 2,000 shares of the company's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 9,367 shares in the company, valued at approximately $1,405,050. The trade was a 17.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,185 shares of company stock valued at $3,105,359. 11.85% of the stock is currently owned by company insiders.

About Argan

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.