Argan, Inc. (NYSE:AGX) is Thames Capital Management LLC’s 8th Largest Position

Thames Capital Management LLC lifted its holdings in Argan, Inc. (NYSE:AGX) by 286.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,384 shares of the construction company’s stock after buying an additional 87,038 shares during the period. Argan makes up 4.4% of Thames Capital Management LLC’s holdings, making the stock its 8th biggest position. Thames Capital Management LLC’s holdings in Argan were worth $16,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sit Investment Associates Inc. boosted its stake in Argan by 1.0% during the fourth quarter. Sit Investment Associates Inc. now owns 29,325 shares of the construction company’s stock worth $4,019,000 after buying an additional 300 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of Argan during the 4th quarter worth $456,000. Thoroughbred Financial Services LLC boosted its position in shares of Argan by 34.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 8,411 shares of the construction company’s stock valued at $1,152,000 after acquiring an additional 2,150 shares during the last quarter. ExodusPoint Capital Management LP boosted its position in shares of Argan by 141.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 6,499 shares of the construction company’s stock valued at $891,000 after acquiring an additional 3,803 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Argan by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 292,956 shares of the construction company’s stock valued at $40,156,000 after purchasing an additional 5,710 shares during the period. 79.43% of the stock is currently owned by institutional investors and hedge funds.

Argan Stock Down 6.3 %

NYSE:AGX opened at $120.60 on Friday. Argan, Inc. has a 52 week low of $48.85 and a 52 week high of $191.46. The stock’s fifty day moving average is $131.32 and its two-hundred day moving average is $136.19. The company has a market capitalization of $1.64 billion, a P/E ratio of 25.23 and a beta of 0.58.

Argan (NYSE:AGX) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $1.07. The firm had revenue of $232.47 million for the quarter, compared to analyst estimates of $197.50 million. Argan had a net margin of 8.20% and a return on equity of 21.66%. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital upgraded shares of Argan from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Friday, March 28th.

Insider Activity

In other Argan news, CFO Richard H. Deily sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the sale, the chief financial officer now owns 9,367 shares of the company’s stock, valued at $1,405,050. The trade was a 17.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter W. Getsinger sold 7,385 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $165.29, for a total value of $1,220,666.65. Following the transaction, the director now owns 11,792 shares in the company, valued at $1,949,099.68. This trade represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,185 shares of company stock valued at $1,644,859. Company insiders own 11.85% of the company’s stock.

Argan Profile

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.