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William F. Leimkuhler, a director at ARGAN INC (NYSE:AGX), recently sold a total of 11,655 shares of the company’s common stock for approximately $2,584,599. The sale comes as ARGAN’s stock has delivered an impressive 205% return over the past year, with the company maintaining a market capitalization of $3.03 billion.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions occurred in two separate sales. On June 27, 2025, Leimkuhler sold 4,051 shares at a price of $221.25 per share. Following this, on June 30, 2025, he sold an additional 7,604 shares at $222.03 per share. The price range for these sales was between $221.25 and $222.03. InvestingPro analysis shows the company maintains excellent financial health with a "GREAT" overall score, supported by strong profitability and growth metrics.
Following these transactions, Leimkuhler directly owns 50,636 shares of ARGAN INC. Based on current InvestingPro Fair Value calculations, the stock appears to be trading near its fair value, while maintaining a consistent dividend payment track record of 15 consecutive years.
In other recent news, Argan Inc. reported robust financial results for Q1 FY2026, surpassing both earnings and revenue expectations. The company achieved an earnings per share (EPS) of $1.60, significantly higher than the anticipated $0.90, while revenue reached $193.7 million, exceeding the forecasted $175.8 million. Argan’s Power Industry Services segment saw a remarkable 45% increase in revenue, contributing to the overall 23% year-over-year revenue growth. Additionally, the company maintains a strong cash position with $546.5 million and no debt. Argan also declared a quarterly dividend of $0.375 per share, reflecting a 50% increase over the past two years. The company’s backlog stands at a record $1.9 billion, with expectations to surpass $2 billion in the coming months. CEO David Watson expressed optimism about future opportunities, particularly in the power and renewable energy sectors. Meanwhile, Argan’s board has increased the share repurchase program to $150 million, further demonstrating confidence in the company’s financial health and growth trajectory.
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