Headlines about Argan (NYSE:AGX) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Argan earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.1588577595374 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Argan (NYSE:AGX) opened at 60.45 on Friday. The stock has a market cap of $938.12 million, a P/E ratio of 12.13 and a beta of 0.91. Argan has a 52-week low of $45.51 and a 52-week high of $76.70. The firm’s 50 day moving average price is $62.92 and its 200 day moving average price is $66.10.
Argan (NYSE:AGX) last released its earnings results on Wednesday, June 7th. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.42. Argan had a net margin of 10.15% and a return on equity of 27.78%. The company had revenue of $230.49 million for the quarter, compared to analysts’ expectations of $183.10 million. The company’s revenue for the quarter was up 76.8% on a year-over-year basis. On average, analysts expect that Argan will post $4.23 EPS for the current year.
Several research firms have issued reports on AGX. Sidoti began coverage on Argan in a research report on Wednesday, June 28th. They set a “neutral” rating on the stock. BidaskClub upgraded Argan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Lake Street Capital increased their target price on Argan from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $75.00.
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In related news, Director Henry A. Crumpton sold 30,000 shares of Argan stock in a transaction on Monday, June 12th. The shares were sold at an average price of $62.24, for a total transaction of $1,867,200.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,244,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Ronald Jr. Jeffrey bought 1,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average price of $60.95 per share, for a total transaction of $60,950.00. The disclosure for this purchase can be found here. 9.50% of the stock is currently owned by insiders.
Argan Company Profile
Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.
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