American Century Companies Inc. Purchases 73,654 Shares of Argan, Inc. (NYSE:AGX)

American Century Companies Inc. lifted its position in Argan, Inc. (NYSE:AGX) by 18.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 480,658 shares of the construction company’s stock after acquiring an additional 73,654 shares during the period. American Century Companies Inc. owned 3.54% of Argan worth $65,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management bought a new position in Argan in the fourth quarter worth $26,000. Farther Finance Advisors LLC purchased a new stake in shares of Argan in the 4th quarter worth about $32,000. Global Retirement Partners LLC bought a new position in shares of Argan in the 4th quarter worth about $35,000. Truvestments Capital LLC purchased a new position in Argan during the 4th quarter valued at about $57,000. Finally, KBC Group NV bought a new stake in Argan during the fourth quarter worth about $93,000. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Insider Activity

In other Argan news, CFO Richard H. Deily sold 2,000 shares of the 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 sale, the chief financial officer now directly owns 9,367 shares in the company, valued at approximately $1,405,050. This trade represents a 17.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter W. Getsinger sold 7,385 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $165.29, for a total value of $1,220,666.65. Following the completion of the transaction, the director now owns 11,792 shares of the company’s stock, valued at $1,949,099.68. This represents a 38.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,185 shares of company stock worth $1,644,859 over the last 90 days. 11.85% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AGX shares. CJS Securities reiterated a “market perform” rating and set a $150.00 target price on shares of Argan in a report on Friday, December 6th. Lake Street Capital lowered Argan from a “buy” rating to a “hold” rating and raised their price objective for the company from $85.00 to $150.00 in a research report on Tuesday, December 3rd.

Argan Stock Performance

NYSE:AGX opened at $127.18 on Wednesday. The firm has a market cap of $1.73 billion, a P/E ratio of 26.61 and a beta of 0.58. Argan, Inc. has a fifty-two week low of $48.85 and a fifty-two week high of $191.46. The firm has a 50-day simple moving average of $139.16 and a two-hundred day simple moving average of $134.37.

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.