Argan, Inc. (NYSE:AGX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.31 and traded as high as $39.36. Argan shares last traded at $38.80, with a volume of 1,362 shares traded.
Separately, TheStreet downgraded shares of Argan from a “b” rating to a “c+” rating in a research note on Monday, April 29th.
The stock has a market cap of $610.32 million, a price-to-earnings ratio of 29.35 and a beta of 0.66. The business’s 50 day simple moving average is $40.25 and its 200 day simple moving average is $45.31.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Monday, July 22nd.
Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Argan by 39.6% during the 1st quarter. Parallel Advisors LLC now owns 1,029 shares of the construction company’s stock worth $51,000 after purchasing an additional 292 shares during the period. Legal & General Group Plc increased its stake in shares of Argan by 20.1% in the 4th quarter. Legal & General Group Plc now owns 2,663 shares of the construction company’s stock valued at $100,000 after acquiring an additional 446 shares in the last quarter. Pitcairn Co. increased its stake in shares of Argan by 7.0% in the 2nd quarter. Pitcairn Co. now owns 6,966 shares of the construction company’s stock valued at $283,000 after acquiring an additional 454 shares in the last quarter. Investors Research Corp bought a new stake in shares of Argan in the 1st quarter valued at $30,000. Finally, James Investment Research Inc. increased its stake in shares of Argan by 3.9% in the 2nd quarter. James Investment Research Inc. now owns 15,815 shares of the construction company’s stock valued at $641,000 after acquiring an additional 600 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.
About Argan (NYSE:AGX)
Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments.
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