Comprehensive Financial Planning Inc. PA Invests $272,000 in Argan, Inc. (NYSE:AGX)

Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Argan, Inc. (NYSE:AGX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,987 shares of the construction company’s stock, valued at approximately $272,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in shares of Argan in the fourth quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Argan in the 3rd quarter worth about $43,000. Copeland Capital Management LLC purchased a new stake in Argan during the 3rd quarter valued at about $56,000. KBC Group NV bought a new stake in Argan during the 4th quarter valued at about $93,000. Finally, nVerses Capital LLC purchased a new position in Argan in the third quarter worth about $91,000. Institutional investors own 79.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AGX. CJS Securities reissued a “market perform” rating and set a $150.00 price target on shares of Argan in a research report on Friday, December 6th. Lake Street Capital lowered Argan from a “buy” rating to a “hold” rating and lifted their target price for the stock from $85.00 to $150.00 in a report on Tuesday, December 3rd. Finally, StockNews.com downgraded Argan from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th.

Insider Activity

In other Argan news, CEO David Hibbert Watson sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $146.05, for a total transaction of $1,460,500.00. Following the completion of the sale, the chief executive officer now directly owns 51,291 shares of the company’s stock, valued at $7,491,050.55. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter W. Getsinger sold 800 shares of Argan stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $155.24, for a total transaction of $124,192.00. Following the sale, the director now owns 19,177 shares in the company, valued at approximately $2,977,037.48. The trade was a 4.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,185 shares of company stock worth $3,105,359 in the last three months. Company insiders own 11.85% of the company’s stock.

Argan Trading Down 0.3 %

Shares of NYSE AGX opened at $161.67 on Monday. Argan, Inc. has a 12-month low of $44.69 and a 12-month high of $191.46. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 33.82 and a beta of 0.56. The firm has a 50 day moving average of $150.71 and a 200 day moving average of $121.70.

Argan (NYSE:AGX) last posted its quarterly earnings data on Thursday, December 5th. The construction company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.26 by $0.74. Argan had a return on equity of 21.66% and a net margin of 8.20%. The firm had revenue of $257.00 million during the quarter, compared to analyst estimates of $225.60 million. Argan’s revenue for the quarter was up 56.9% compared to the same quarter last year.

Argan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 23rd were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.93%. Argan’s dividend payout ratio (DPR) is presently 31.38%.

Argan Company 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.