According to Zacks, Argan, Inc. (NYSE: AGX-Get Rating) divulged the payment of a quarterly dividend on Thursday, September 8th. In addition, a statement was made regarding the price of the dividend. The building and the contracting company have decided to distribute a dividend payment of $0.25 per share to shareholders who had their shares registered as of October 21st. On Monday, October 31st, the dividends will be handed to shareholders. This translates to a yield of 2.88% in addition to a dividend payment of $1 per year for every year. The day of Thursday, October 20th, is the day that will no longer count toward the total amount of the payout. The company’s income is enough to cover the dividend, as shown by the 39.7% dividend payout ratio.
Shares of AGX started the trading day on Friday at $34.70 each. The simple moving average of the company’s stock price over the previous 50 days is $35.88, and the standard for the last 200 days is $37.78. A price-to-earnings ratio of 20.17 has been assigned to this stock, and its beta value has been determined to be 0.54. The value of the company’s shares on the market is around $492.74 million. During the previous 52 weeks, the price of argon reached a high of $47.34, fluctuating between $32.01 and $47.34.Argan (NYSE: AGX-Get Rating), which was implemented. Earnings per share came in at $0.50 for the period when the construction business was considered. The company reported total revenue of $100.28 million for the period in question. Both a return on equity of 10.50% and a net margin of 5.62% were successful goals that Argan could accomplish. The AGX has been the subject of a large number of analyst studies that have been published. The recommendation for Argan was modified from a “buy” rating to a “hold” one in a study review published on Friday, July 22nd by StockNews.com. Previously, the rating for Argan was “buy.” The company raised its assessment of Argan from a grade of “c” to a grade of “b-” in a research note TheStreet disseminated on Friday, June 17th.
Recent happenings in the business have led to a modification in the approach it takes toward providing services to hedge funds. During the year’s second quarter, Quantbot Technologies LP grew its holdings in Argan by 390.9 percent. As a result, Quantbot Technologies LP currently possesses 1,620 shares in the construction company due to purchasing an additional 1,290 shares during the period in question. The market price for these shares at the moment is $60,000. PNC Financial Services Group, Inc. made a brand new investment in Argan with a total value of about $109,000 during the year’s first three months. BNP Paribas Arbitrage SA successfully increased its holdings in Argan by a factor of 50.1% during the second quarter. After purchasing an additional 1,794 shares during the most recent quarter, BNP Paribas Arbitrage SA now owns a total of 5,375 shares of the construction company’s stock. The current market price of one share gives the company a value of $201,000. During the second quarter, Legal & General Group Plc raised the amount of its total investment in Argan by 4.3%.
Following the acquisition of an additional 287 shares during the most recent quarter, Legal & General Group Plc now holds 6,903 shares of the construction company’s stock. The stock is now valued at $258,000. And last, during the first three months of 2018, Sawtooth Solutions LLC invested about $273,000 to purchase additional Argan investment capital. The majority of the shares in the company are held by institutional investors, which accounts for 82.98% of the total. Through its subsidiaries, Argan, Inc. supports power generation and renewable energy industries by offering services in project development, technical engineering, procurement, construction, commissioning, operations management, maintenance, and consultancy. The corporation can be broken down into three key business sectors or divisions: Telecommunications Infrastructure Services, Industrial Fabrication and Field Services, and Power Industry Services.
MarketBeat tracks the most well-regarded and successful research analysts working on Wall Street and the firms that these analysts recommend to their clients daily. MarketBeat also follows the companies that these analysts study closely. According to MarketBeat, top analysts at five companies advise their clients in private to buy now before the rest of the market catches on to what’s happening. Unfortunately, the company known as Argan was not one of those others.