Argan (NYSE:AGX) Director Sells $1,729,740.76 in Stock

Posted by George Bondi on Jun 19th, 2026

Argan, Inc. (NYSE:AGX – Get Free Report) Director Cynthia Flanders sold 2,596 shares of Argan stock in a transaction on Monday, June 15th. The stock was sold at an average price of $666.31, for a total value of $1,729,740.76. Following the transaction, the director owned 23,144 shares in the company, valued at approximately $15,421,078.64. This represents a 10.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Argan Trading Up 2.6%

Shares of AGX stock opened at $738.43 on Friday. Argan, Inc. has a twelve month low of $193.82 and a twelve month high of $779.00. The company’s 50-day moving average price is $656.75 and its 200-day moving average price is $487.55. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 64.89 and a beta of 0.58.

Argan (NYSE:AGX – Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The construction company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.93. Argan had a net margin of 15.48% and a return on equity of 36.89%. The firm had revenue of $290.95 million during the quarter, compared to analysts’ expectations of $256.03 million. During the same period last year, the business earned $1.60 earnings per share. Argan’s revenue was up 50.2% compared to the same quarter last year. As a group, equities research analysts predict that Argan, Inc. will post 12.6 EPS for the current year.

Argan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Argan’s dividend payout ratio is 17.57%.

Argan announced that its Board of Directors has initiated a share buyback program on Wednesday, April 8th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upgraded Argan from a “neutral” rating to an “overweight” rating and set a $550.00 price objective on the stock in a report on Friday, March 27th. Freedom Capital upgraded Argan to a “hold” rating in a research report on Tuesday, March 10th. Wall Street Zen raised Argan from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Zacks Research cut Argan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Argan in a research report on Monday, April 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $470.40.

Get Our Latest Analysis on Argan

More Argan News

Here are the key news stories impacting Argan this week:

Positive Sentiment: Argan’s recent quarterly results were excellent, with EPS of $3.24 beating estimates by a wide margin and revenue rising 50.2% year over year, reinforcing confidence in the company’s execution and profitability. Argan earnings report
Positive Sentiment: Analysts highlighted Argan’s backlog as 79% gas-focused and tied to rising power demand from data centers, electrification, and reshoring, which supports the view that project demand remains strong. Zacks backlog article
Neutral Sentiment: The company has a $200 million share repurchase authorization and recently declared a quarterly dividend, both of which can support the stock, but they are longer-term capital-return factors rather than immediate catalysts. Argan capital return details
Negative Sentiment: Multiple insiders, including CEO David Hibbert Watson, CFO Joshua Scott Baugher, and directors Peter W. Getsinger and Karen Sweeney, sold shares this week, and clustered insider selling can weigh on investor sentiment. Insider selling alert

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of Argan by 2.0% in the first quarter. International Assets Investment Management LLC now owns 775 shares of the construction company’s stock valued at $443,000 after buying an additional 15 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Argan by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 541 shares of the construction company’s stock worth $170,000 after acquiring an additional 30 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in Argan by 0.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,030 shares of the construction company’s stock valued at $2,734,000 after acquiring an additional 30 shares during the period. National Bank of Canada FI boosted its holdings in Argan by 26.7% during the 3rd quarter. National Bank of Canada FI now owns 147 shares of the construction company’s stock valued at $40,000 after acquiring an additional 31 shares during the period. Finally, Pallas Capital Advisors LLC grew its position in Argan by 1.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,564 shares of the construction company’s stock valued at $803,000 after acquiring an additional 34 shares in 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 (NYSE: AGX) is a holding company that provides professional technical and management services to the power generation and renewable energy industries. Through its wholly owned subsidiaries, the company delivers engineering, procurement and construction management (EPCM), commissioning and operations and maintenance (O&M) services for a broad range of energy facilities. Argan focuses on projects for utility, industrial and municipally owned clients, helping to bring efficient thermal and renewable energy plants into operation and maintain optimal performance over the asset life cycle.

The company’s principal subsidiaries include Gemma Power Systems, which specializes in turnkey construction of combined-cycle, simple-cycle, cogeneration and renewable energy plants; Atlantic Projects Company, which provides electrical balance-of-plant, control systems, instrumentation and commissioning services; and Infrastructure Solutions, which offers industrial maintenance, outage support and modification services.