Insider Selling: Argan (NYSE:AGX) Director Sells $211,500.00 in Stock

Posted by Geri Gentry on Jun 20th, 2026

Argan, Inc. (NYSE:AGX – Get Free Report) Director Karen Sweeney sold 300 shares of Argan stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $705.00, for a total value of $211,500.00. Following the completion of the transaction, the director directly owned 1,548 shares of the company’s stock, valued at $1,091,340. This represents a 16.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Argan Stock Performance

AGX opened at $738.43 on Friday. The firm has a market cap of $10.35 billion, a P/E ratio of 64.89 and a beta of 0.58. Argan, Inc. has a 52-week low of $193.82 and a 52-week high of $779.00. The business’s fifty day moving average is $659.74 and its 200-day moving average is $489.31.

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

Argan Announces Dividend

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

Argan declared that its Board of Directors has approved a stock repurchase plan on Wednesday, April 8th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Argan

A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in Argan by 12.2% in the first quarter. Millennium Management LLC now owns 117,805 shares of the construction company’s stock valued at $15,452,000 after buying an additional 12,854 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Argan by 118.3% during the first quarter. NewEdge Advisors LLC now owns 5,316 shares of the construction company’s stock worth $697,000 after buying an additional 2,881 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Argan by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,567 shares of the construction company’s stock worth $4,665,000 after buying an additional 4,196 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Argan by 37.3% during the first quarter. Intech Investment Management LLC now owns 8,985 shares of the construction company’s stock worth $1,179,000 after buying an additional 2,442 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Argan in the 2nd quarter valued at $286,000. 79.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on AGX. The Goldman Sachs Group increased their price target on shares of Argan from $399.00 to $518.00 and gave the stock a “buy” rating in a research report on Friday, March 27th. Weiss Ratings restated a “buy (b)” rating on shares of Argan in a research note on Monday, April 6th. JPMorgan Chase & Co. raised Argan from a “neutral” rating to an “overweight” rating and set a $550.00 target price on the stock in a report on Friday, March 27th. Lake Street Capital lifted their price target on Argan from $375.00 to $600.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Finally, Wall Street Zen raised Argan from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Argan presently has a consensus rating of “Moderate Buy” and an average price target of $470.40.

View Our Latest Research Report on AGX

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.