New York State Common Retirement Fund Has $996,000 Position in Argan, Inc. (AGX)

New York State Common Retirement Fund increased its position in shares of Argan, Inc. (NYSE:AGX) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,600 shares of the construction company’s stock after acquiring an additional 1,699 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Argan worth $996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Alps Advisors Inc. increased its holdings in Argan by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,069 shares of the construction company’s stock worth $424,000 after acquiring an additional 19 shares during the period. Trexquant Investment LP increased its holdings in Argan by 2.3% during the 2nd quarter. Trexquant Investment LP now owns 4,166 shares of the construction company’s stock worth $250,000 after acquiring an additional 94 shares during the period. Aperio Group LLC increased its holdings in Argan by 2.8% during the 2nd quarter. Aperio Group LLC now owns 3,808 shares of the construction company’s stock worth $228,000 after acquiring an additional 102 shares during the period. Legal & General Group Plc increased its holdings in Argan by 5.9% during the 2nd quarter. Legal & General Group Plc now owns 3,406 shares of the construction company’s stock worth $205,000 after acquiring an additional 190 shares during the period. Finally, Blue Fin Capital Inc. increased its holdings in Argan by 4.5% during the 2nd quarter. Blue Fin Capital Inc. now owns 6,972 shares of the construction company’s stock worth $418,000 after acquiring an additional 300 shares during the period. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Argan, Inc. (AGX) opened at $67.25 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 12.39 and a beta of 0.93.

Argan (NYSE:AGX) last posted its quarterly earnings data on Thursday, September 7th. The construction company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.69. Argan had a return on equity of 28.23% and a net margin of 9.88%. The firm had revenue of $259.80 million for the quarter, compared to the consensus estimate of $217.75 million. During the same quarter in the prior year, the business earned $1.29 EPS. The business’s revenue for the quarter was up 59.9% compared to the same quarter last year.

The company also recently disclosed an annual dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 20th were issued a dividend of $1.00 per share. This is an increase from Argan’s previous annual dividend of $0.70. The ex-dividend date was Thursday, October 19th. This represents a yield of 1.63%. Argan’s dividend payout ratio is currently 18.25%.

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Separately, BidaskClub lowered shares of Argan from a “hold” rating to a “sell” rating in a report on Monday, August 14th.

In other news, Director John Ronald Jr. Jeffrey acquired 1,000 shares of Argan stock in a transaction on Friday, October 20th. The shares were purchased at an average price of $68.02 per share, with a total value of $68,020.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 9.50% of the stock is currently owned by corporate insiders.

About Argan

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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Institutional Ownership by Quarter for Argan (NYSE:AGX)

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