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Argan INC (NASDAQ:AGX), a $3.57 billion market cap company with strong financial health according to InvestingPro analysis, saw its President and CEO David Hibbert Watson sell 4,441 shares of company stock on October 9, 2025, at an average price of $277.01, for a total of approximately $1.23 million. Simultaneously, The David and Laura Watson Foundation sold 559 shares at $272.27, for a total of $152,400. The total value of shares sold was $1.38 million, with prices ranging from $272.27 to $277.01. The transactions occurred as AGX stock has shown remarkable performance, gaining over 86% in the past six months, though current analysis suggests the stock may be overvalued.
On the same day, Watson gifted 559 shares of Argan INC stock to the David and Laura Watson Foundation. The value of the gifted shares totaled $0. The company maintains a strong balance sheet with more cash than debt, one of 16 key insights available through InvestingPro’s comprehensive analysis and research reports.
In other recent news, Argan Inc. reported its Q2 FY2026 earnings, delivering an impressive performance with earnings per share (EPS) of $2.50, which significantly exceeded the projected $1.64. Despite the strong EPS results, the company’s revenues came in at $237.7 million, slightly below the expected $243.97 million. Additionally, Argan announced a 33% increase in its quarterly dividend, raising it from $0.375 to $0.50 per share, marking the third consecutive annual increase. This new dividend rate equates to $2.00 per share annually, payable on October 31, 2025.
In analyst updates, GLJ Research initiated coverage on Argan with a Hold rating and set a price target of $251.00. The firm noted that investor expectations might have outpaced the company’s current ability to scale in response to demand. These developments highlight the company’s ongoing financial strategies and market positioning. The combination of strong earnings performance and dividend growth underscores Argan’s commitment to returning value to shareholders.
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