State Board of Administration of Florida Retirement System raised its position in shares of Argan, Inc. (NYSE:AGX – Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,523 shares of the construction company’s stock after purchasing an additional 908 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.31% of Argan worth $1,680,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of AGX. Wellington Management Group LLP lifted its position in Argan by 123.2% in the first quarter. Wellington Management Group LLP now owns 214,700 shares of the construction company’s stock valued at $8,689,000 after purchasing an additional 118,500 shares during the last quarter. State Street Corp raised its holdings in Argan by 27.9% in the first quarter. State Street Corp now owns 376,082 shares of the construction company’s stock worth $15,265,000 after buying an additional 82,024 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Argan by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 763,161 shares of the construction company’s stock worth $30,976,000 after acquiring an additional 69,059 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Argan by 73.0% in the first quarter. Wasatch Advisors LP now owns 151,726 shares of the construction company’s stock worth $6,140,000 after purchasing an additional 64,007 shares during the last quarter. Finally, Royce & Associates LP raised its position in Argan by 44.5% in the 1st quarter. Royce & Associates LP now owns 160,327 shares of the construction company’s stock worth $6,488,000 after buying an additional 49,350 shares during the last quarter. 79.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Argan from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th.
Argan Stock Performance
NYSE AGX opened at $44.46 on Wednesday. Argan, Inc. has a one year low of $31.26 and a one year high of $45.61. The company has a market capitalization of $592.21 million, a P/E ratio of 16.71 and a beta of 0.59. The stock has a 50 day moving average price of $40.83 and a 200-day moving average price of $40.52.
Argan (NYSE:AGX – Get Free Report) last released its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.19. Argan had a net margin of 7.53% and a return on equity of 13.00%. The firm had revenue of $141.35 million during the quarter.
Argan Company Profile
Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, technical, and consulting services to the power generation market. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments.
Featured Articles
- Five stocks we like better than Argan
- How Investors Can Identify and Successfully Trade Gap-Up Stocks
- Hold-It-Forever AutoZone Pulls into Buy Zone
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Virtual Riches: 3 Stocks Leading the VR Revolution
- What is Short Interest? How to Use It
- 5 eCommerce Companies that need to be on Your Watch List
Want to see what other hedge funds are holding AGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Argan, Inc. (NYSE:AGX – Free Report).
Receive News & Ratings for Argan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argan and related companies with MarketBeat.com's FREE daily email newsletter.
