Argan (NYSE:AGX) Director William Leimkuhler Sells 8,444 Shares

April 16, 2026 by InsiderTrades.com

Key Points

Director William Leimkuhler sold 8,444 shares at an average price of $598.49 for approximately $5.05 million, reducing his ownership by 16.91% to 41,495 shares (valued around $24.83 million).
Argan beat expectations in the quarter with $3.47 EPS versus $1.99 consensus and revenue of $262.05 million (up 12.7% year‑over‑year), posting a 14.59% net margin and 33.62% return on equity.
The board approved a $200 million buyback (up to 2.5% of outstanding shares) and declared a quarterly dividend of $0.50 per share ($2.00 annualized, ~0.3% yield).

Argan, Inc. (NYSE:AGX - Get Free Report) Director William Leimkuhler sold 8,444 shares of the business's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $598.49, for a total transaction of $5,053,649.56. Following the transaction, the director directly owned 41,495 shares in the company, valued at approximately $24,834,342.55. The trade was a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Argan Trading Up 0.3%

NYSE AGX opened at $605.76 on Thursday. The company's fifty day simple moving average is $474.95 and its 200-day simple moving average is $377.79. Argan, Inc. has a 52 week low of $126.07 and a 52 week high of $618.87. The stock has a market cap of $8.45 billion, a P/E ratio of 62.19 and a beta of 0.46.

Argan (NYSE:AGX - Get Free Report) last posted its earnings results on Thursday, March 26th. The construction company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $1.48. Argan had a net margin of 14.59% and a return on equity of 33.62%. The business had revenue of $262.05 million for the quarter, compared to analysts' expectations of $255.32 million. During the same period in the previous year, the company posted $2.22 earnings per share. The business's revenue for the quarter was up 12.7% compared to the same quarter last year.

Argan declared that its board has approved a share repurchase program on Wednesday, April 8th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.

Argan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. Argan's payout ratio is presently 20.53%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Freedom Capital raised shares of Argan to a "hold" rating in a research report on Tuesday, March 10th. The Goldman Sachs Group boosted their target price on shares of Argan from $399.00 to $518.00 and gave the stock a "buy" rating in a research report on Friday, March 27th. JPMorgan Chase & Co. raised shares of Argan from a "neutral" rating to an "overweight" rating and set a $550.00 price target on the stock in a report on Friday, March 27th. Wall Street Zen raised shares of Argan from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Argan in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Argan presently has an average rating of "Moderate Buy" and an average price target of $425.40.

Read Our Latest Stock Report on Argan

Institutional Trading of Argan

Several institutional investors have recently added to or reduced their stakes in AGX. PNC Financial Services Group Inc. lifted its holdings in Argan by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 541 shares of the construction company's stock worth $170,000 after purchasing an additional 30 shares during the period. National Bank of Canada FI lifted its holdings in Argan by 26.7% in the third quarter. National Bank of Canada FI now owns 147 shares of the construction company's stock worth $40,000 after purchasing an additional 31 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Argan by 1.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,564 shares of the construction company's stock worth $803,000 after purchasing an additional 34 shares during the period. Ring Mountain Capital LLC lifted its holdings in Argan by 1.3% in the third quarter. Ring Mountain Capital LLC now owns 2,735 shares of the construction company's stock worth $739,000 after purchasing an additional 35 shares during the period. Finally, Spirepoint Private Client LLC lifted its holdings in Argan by 3.1% in the fourth quarter. Spirepoint Private Client LLC now owns 1,231 shares of the construction company's stock worth $386,000 after purchasing an additional 37 shares during the period. Institutional investors own 79.43% of the company's stock.

About Argan

(Get Free Report)

Argan, Inc (NYSE: AGX) is a holding company that provides professional technical and management services to the power generation and renewable energy industries. Through its wholly owned subsidiaries, the company delivers engineering, procurement and construction management (EPCM), commissioning and operations and maintenance (O&M) services for a broad range of energy facilities. Argan focuses on projects for utility, industrial and municipally owned clients, helping to bring efficient thermal and renewable energy plants into operation and maintain optimal performance over the asset life cycle.

The company's principal subsidiaries include Gemma Power Systems, which specializes in turnkey construction of combined-cycle, simple-cycle, cogeneration and renewable energy plants; Atlantic Projects Company, which provides electrical balance-of-plant, control systems, instrumentation and commissioning services; and Infrastructure Solutions, which offers industrial maintenance, outage support and modification services.