<div id="readability-page-1"><p><strong>Argan, Inc.</strong> (NYSE:AGX - Get Free Report) declared a quarterly dividend on Thursday, December 11th. Investors of record on Thursday, January 22nd will be given a dividend of 0.50 per share by the construction company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, January 22nd.</p><p>Argan has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Argan has a dividend payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. </p><h2>Argan Stock Performance</h2><p>Shares of NYSE AGX traded down $19.76 during trading on Friday, hitting $310.84. The company had a trading volume of 116,726 shares, compared to its average volume of 416,292. The business's 50-day moving average is $319.61 and its 200 day moving average is $258.53. The company has a market cap of $4.31 billion, a P/E ratio of 36.77 and a beta of 0.60. Argan has a 52 week low of $101.02 and a 52 week high of $399.30. </p><p>Argan (NYSE:AGX - Get Free Report) last issued its quarterly earnings results on Thursday, December 4th. The construction company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.82 by $0.35. Argan had a net margin of 13.11% and a return on equity of 31.38%. The business had revenue of $251.15 million during the quarter, compared to the consensus estimate of $251.50 million. During the same quarter in the prior year, the firm earned $2.00 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. </p><h2>Insider Buying and Selling at Argan</h2><p>In other Argan news, CEO David Hibbert Watson sold 4,441 shares of the company's stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $277.01, for a total transaction of $1,230,201.41. Following the sale, the chief executive officer directly owned 47,691 shares of the company's stock, valued at approximately $13,210,883.91. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, Director Peter W. Getsinger sold 6,493 shares of Argan stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $294.39, for a total transaction of $1,911,474.27. Following the completion of the transaction, the director owned 9,897 shares of the company's stock, valued at $2,913,577.83. This trade represents a 39.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 107,795 shares of company stock worth $29,729,151 over the last ninety days. Company insiders own  6.69% of the company's stock. </p><h2>Institutional Investors Weigh In On Argan</h2><p>A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in  Argan by 13.2% in the 1st quarter. LPL Financial LLC now owns 29,595 shares of the construction company's stock valued at $3,882,000 after purchasing an additional 3,453 shares during the last quarter.  Vanguard Group Inc. grew its holdings in  Argan by 9.8% during the 1st quarter. Vanguard Group Inc. now owns 926,168 shares of the construction company's stock worth $121,485,000 after acquiring an additional 82,585 shares during the last quarter.  Townsquare Capital LLC grew its holdings in  Argan by 30.9% during the 1st quarter. Townsquare Capital LLC now owns 3,711 shares of the construction company's stock worth $487,000 after acquiring an additional 876 shares during the last quarter.  Entropy Technologies LP acquired a new stake in  Argan in the 1st quarter valued at about $551,000.  Finally, Nuveen LLC bought a new position in shares of  Argan in the first quarter worth about $9,958,000. 79.43% of the stock is owned by institutional investors and hedge funds. </p><h2>Argan Company Profile</h2> (Get Free Report)<p>Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market. The company operates through Power Services, Industrial Services, and Telecom Services segments. The Power Services segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects 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 projects with approximately 18 gigawatts of power-generating capacity.</p><h2>Read More</h2><ul><li>Five stocks we like better than Argan</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>Broadcom Slips Post-Earnings Even as AI Demand Goes Parabolic</li><li>2 Fintech Stocks to Buy Now and 1 to Avoid</li><li>Qualcomm Just Got Called an AI Loser—So Why Is It Rallying?</li><li>How to Know if a Stock Pays Dividends and When They Are Paid Out</li><li>2 Small-Cap Biotechs That Could Reward Patient Investors</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFHWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFHWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Argan Right Now?</h2><p>Before you consider Argan, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Argan wasn't on the list.</p><p>While Argan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Argan, Inc. (NYSE:AGX) declared a quarterly dividend of $0.50 per share, payable on January 30th to shareholders of record on January 22nd. The dividend yield is 0.6%. The company has consistently increased its dividend over the past two years. Argan's stock traded at $310.84 with a market cap of $4.31 billion. Recent insider trading includes significant sales by the CEO and a director. Institutional investors hold 79.43% of the stock. Argan provides engineering and construction services to the power generation market.</p>

Argan, Inc. (NYSE:AGX) Declares Quarterly Dividend of $0.50