Royce & Associates LP Has $24.32 Million Holdings in Argan, Inc. (AGX)

Royce & Associates LP boosted its position in shares of Argan, Inc. (NYSE:AGX) by 10.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 565,646 shares of the construction company’s stock after purchasing an additional 53,783 shares during the period. Royce & Associates LP’s holdings in Argan were worth $24,323,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AGX. Radin Capital Partners Inc. acquired a new stake in Argan during the third quarter worth about $12,234,000. Dimensional Fund Advisors LP boosted its stake in shares of Argan by 18.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,082,183 shares of the construction company’s stock valued at $44,315,000 after purchasing an additional 170,266 shares in the last quarter. Heartland Advisors Inc. boosted its stake in shares of Argan by 124.7% in the 2nd quarter. Heartland Advisors Inc. now owns 224,700 shares of the construction company’s stock valued at $9,201,000 after purchasing an additional 124,700 shares in the last quarter. Investment Management of Virginia LLC boosted its stake in shares of Argan by 208.7% in the 2nd quarter. Investment Management of Virginia LLC now owns 174,942 shares of the construction company’s stock valued at $7,164,000 after purchasing an additional 118,272 shares in the last quarter. Finally, Dean Investment Associates LLC acquired a new stake in shares of Argan in the 2nd quarter valued at approximately $3,819,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

AGX opened at $43.47 on Friday. Argan, Inc. has a 1-year low of $34.90 and a 1-year high of $60.05. The company has a market capitalization of $676.78 million, a PE ratio of 14.64 and a beta of 0.74.

Argan (NYSE:AGX) last posted its quarterly earnings results on Wednesday, September 5th. The construction company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.68. Argan had a net margin of 6.77% and a return on equity of 12.98%. The company had revenue of $136.67 million for the quarter.

Separately, TheStreet upgraded shares of Argan from a “c+” rating to a “b-” rating in a research note on Wednesday, September 12th.

WARNING: This piece of content was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.com-unik.info/2018/12/02/royce-associates-lp-has-24-32-million-holdings-in-argan-inc-agx.html.

About Argan

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company's Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for 44 projects with approximately 15,000 megawatts of power-generating capacity.

Featured Story: Bear Market

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).

Institutional Ownership by Quarter for Argan (NYSE:AGX)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit