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Peter Getsinger, a director at Argan Inc. (NYSE:AGX), recently executed a series of stock transactions, according to a recent SEC filing. The company, with a market capitalization of $2.03 billion, has demonstrated remarkable performance with a 151% return over the past year according to InvestingPro data. On April 14 and April 16, Getsinger sold a total of 7,292 shares of Argan common stock, netting approximately $1,069,752. The sales occurred at prices ranging from $145.03 to $150.35 per share. The stock, which currently trades at a P/E ratio of 23.17, has maintained dividend payments for 15 consecutive years and boasts a "GREAT" financial health score.
In addition to the sales, Getsinger exercised stock options on April 14, acquiring 10,000 shares at a price of $45.75 per share. This exercise resulted in a total transaction value of $320,067. Following these transactions, Getsinger directly owns 11,496 shares of Argan stock. InvestingPro analysis suggests the stock is currently overvalued, with 12 additional exclusive insights available to subscribers.
In other recent news, Argan Inc. reported strong financial results for the fourth quarter of fiscal year 2025, with earnings per share (EPS) of $2.22, significantly surpassing the forecasted $1.15. The company also reported revenue of $232.5 million, which exceeded expectations of $197.5 million. This performance was driven by higher gross margins and EBITDA in the Power segment, with gross margins reaching 21.3% and an annualized EBITDA surpassing $120 million. Additionally, Argan’s project backlog increased by 80% to $1.4 billion, indicating strong future demand. In light of the company’s impressive quarterly results, Lake Street Capital Markets upgraded Argan’s stock from Hold to Buy, highlighting the potential of Argan’s business model. Furthermore, Argan announced an increase in its share repurchase program from $125 million to $150 million, along with a quarterly cash dividend of $0.375 per common share. These developments reflect Argan’s ongoing commitment to shareholder value and its confidence in future growth prospects.
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