Argan Inc director Rainer Bosselmann sells over $2.4m in stock

In a recent transaction, Rainer H. Bosselmann, a director of Argan Inc (NYSE:AGX), has sold a significant amount of company stock. The sales, which took place over two consecutive days, resulted in a total disposition of over $2.4 million worth of shares.

On September 10, Bosselmann sold 13,970 shares at an average price of $89.89 each. The following day, he continued to sell, offloading another 13,870 shares for an average price of $89.33 per share. These transactions represent a notable change in the director's holdings in the company.

The sales were executed on the open market and have reduced Bosselmann's stake in Argan Inc, a company known for its specialization in construction and trade contracting. Following these transactions, the director still holds a substantial number of shares, indicating continued interest in the company's performance.

Investors and market watchers often look to insider sales and purchases as indicators of a company’s potential future performance. While the reasons for Bosselmann's sale have not been disclosed, such substantial transactions are always of interest to those following the company’s stock.

Argan Inc's stock is publicly traded, and these transactions are part of the regular disclosure of trading activities by company insiders. Shareholders and potential investors in Argan Inc can stay informed of insider transactions, which are publicly filed and accessible for review.

In other recent news, Argan, Inc. reported significant financial growth in its second fiscal quarter, with consolidated revenue rising by 61% to hit $227 million. The company's net income also increased, reaching $18 million, while earnings amounted to $1.31 per diluted share. The company's EBITDA for the quarter was reported at $25 million.

Argan, Inc. also announced a robust project backlog exceeding $1 billion, with a substantial focus on renewable energy projects valued at approximately $570 million. The company's balance sheet remains strong with $485 million in cash and investments, net liquidity of $260 million, and no debt, indicating a solid position for potential future growth.

In the near future, Argan, Inc. anticipates having multiple gas power plants under contract, and expects the completion of several solar battery projects by the end of the fiscal year. Despite a potential slight dip in TRC's backlog due to high revenue generation, the company foresees growth, particularly in the gas sector. These recent developments reflect Argan, Inc.'s strategic focus on both the gas and renewable energy sectors.

InvestingPro Insights

Following the significant insider sales by Rainer H. Bosselmann at Argan Inc, investors may be evaluating the company's financial health and future prospects. According to InvestingPro data, Argan Inc (NYSE:AGX) currently holds a market capitalization of $1.2 billion, with a P/E ratio of 27.46, suggesting a higher valuation relative to near-term earnings growth. This aligns with one of the InvestingPro Tips, which notes that the company is trading at a high P/E ratio relative to near-term earnings growth.

Despite the insider selling activity, Argan has demonstrated robust financial performance. The company's revenue for the last twelve months as of Q2 2025 stands at $713.01 million, marking a significant growth of 48.03%. Additionally, the gross profit margin during the same period was 12.67%, which, while modest, is supported by a strong return on assets of 7.07%. These metrics suggest that Argan is capable of generating healthy profits from its assets.

Investors might also find reassurance in the company's ability to maintain dividend payments for 14 consecutive years, an attractive feature for income-focused shareholders. This commitment to returning value to shareholders is further underscored by a 20.0% dividend growth observed in the last twelve months as of Q2 2025.

For those looking to delve deeper into Argan's performance and insider transactions, there are additional InvestingPro Tips available. These tips provide insights into sales growth expectations, analysts' upward revisions of earnings, and the company's liquidity position. In total, there are 15 InvestingPro Tips available for Argan Inc, which can be accessed for more detailed analysis to inform investment decisions.

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