Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Argan, Inc. (NYSE:AGX). In a filing disclosed on July 02nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Argan stock on June 30th.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of The Descartes Systems Group (NASDAQ:DSGX) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of Texas Roadhouse (NASDAQ:TXRH) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of Microchip Technology (NASDAQ:MCHP) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 6/30/2026.
Argan Stock Performance
Shares of AGX traded up $0.15 during mid-day trading on Friday, hitting $706.30. 293,275 shares of the company’s stock were exchanged, compared to its average volume of 400,582. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 62.07 and a beta of 0.57. Argan, Inc. has a fifty-two week low of $196.90 and a fifty-two week high of $805.75. The stock’s 50-day moving average is $688.32 and its 200-day moving average is $518.39.
Argan Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 23rd. This represents a $2.00 dividend on an annualized basis and a 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 allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Institutional Investors Weigh In On Argan
Several institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in 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 during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 buying an additional 30 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its position in shares of Argan by 0.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,030 shares of the construction company’s stock worth $2,734,000 after acquiring an additional 30 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Argan by 26.7% during the 3rd quarter. National Bank of Canada FI now owns 147 shares of the construction company’s stock worth $40,000 after acquiring an additional 31 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in shares of 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 during the last quarter. 79.43% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Argan news, Director Peter W. Getsinger sold 4,728 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $708.65, for a total transaction of $3,350,497.20. Following the sale, the director owned 6,880 shares of the company’s stock, valued at approximately $4,875,512. This trade represents a 40.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman William F. Griffin, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $643.46, for a total transaction of $32,173,000.00. Following the sale, the chairman owned 90,976 shares of the company’s stock, valued at $58,539,416.96. This represents a 35.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 179,663 shares of company stock worth $119,410,408. 6.69% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have commented on AGX shares. Weiss Ratings restated a “buy (b)” rating on shares of Argan in a research note on Monday, April 6th. Lake Street Capital lifted their target price on Argan from $375.00 to $600.00 and gave the company a “hold” rating in a report on Friday, June 5th. Zacks Research raised Argan from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Freedom Capital upgraded Argan to a “hold” rating in a report on Tuesday, March 10th. Finally, The Goldman Sachs Group increased their price target on Argan from $399.00 to $518.00 and gave the company a “buy” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $470.40.
View Our Latest Research Report on AGX
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
About Argan
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.
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