Argan (NYSE:AGX) CEO Sells $1,525,000.00 in Stock

22 Apr 2026, 19:16 by Doug Wharley · The Cerbat Gem

Argan, Inc. (NYSE:AGX – Get Free Report) CEO Charles Edwin Iv Collins sold 2,500 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $610.00, for a total value of $1,525,000.00. Following the completion of the transaction, the chief executive officer directly owned 30,320 shares in the company, valued at approximately $18,495,200. This represents a 7.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Charles Edwin Iv Collins also recently made the following trade(s):

On Tuesday, April 21st, Charles Edwin Iv Collins sold 11,068 shares of Argan stock. The stock was sold at an average price of $621.61, for a total value of $6,879,979.48.

Argan Stock Up 5.7%

Shares of Argan stock traded up $34.86 during trading hours on Wednesday, reaching $650.28. 271,434 shares of the stock traded hands, compared to its average volume of 452,559. Argan, Inc. has a one year low of $139.98 and a one year high of $651.99. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 66.76 and a beta of 0.46. The company has a 50 day moving average price of $494.86 and a 200 day moving average price of $388.04.

Argan (NYSE:AGX – Get Free Report) last issued its quarterly earnings data on Thursday, March 26th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $1.99 by $1.48. The firm had revenue of $262.05 million for the quarter, compared to analysts’ expectations of $255.32 million. Argan had a net margin of 14.59% and a return on equity of 33.62%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.22 EPS. Sell-side analysts anticipate that Argan, Inc. will post 11.44 earnings per share for the current year.

Argan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be given a $0.50 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $2.00 annualized dividend and a yield of 0.3%. Argan’s dividend payout ratio (DPR) is presently 20.53%.

Argan declared that its board has authorized a stock buyback program on Wednesday, April 8th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AGX. Aster Capital Management DIFC Ltd bought a new position in Argan in the 3rd quarter worth $25,000. Danske Bank A S bought a new stake in Argan during the third quarter valued at about $27,000. Montag A & Associates Inc. purchased a new position in shares of Argan in the fourth quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Argan in the fourth quarter valued at about $30,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Argan in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Argan from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Zacks Research upgraded Argan from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. The Goldman Sachs Group lifted their target price on Argan from $399.00 to $518.00 and gave the company a “buy” rating in a research report on Friday, March 27th. JPMorgan Chase & Co. upgraded Argan from a “neutral” rating to an “overweight” rating and set a $550.00 price target for the company in a research report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Argan in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $425.40.

Read Our Latest Report on AGX

About Argan

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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.