Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Argan INC (NASDAQ:NYSE:AGX) Director Peter W. Getsinger sold 3,456 shares of common stock on June 26, 2025, at a price of $212.01, totaling $732,706. The sale comes as the company, currently valued at $3 billion, trades near its 52-week high of $246.60. According to InvestingPro analysis, Argan maintains excellent financial health with strong profitability metrics and a solid balance sheet.
In addition, on June 30, 2025, Getsinger gifted a total of 1,999 shares of Argan INC common stock. 1,000 shares were donated to a donor advised fund managed by Martha’s Vineyard Investment Advisors and 999 shares were gifted to his three children. The stock has shown remarkable performance, delivering a 212% return over the past year.
Following these transactions, Getsinger directly owns 12,896 shares of Argan INC. Based on current trading levels, the stock appears overvalued compared to its InvestingPro Fair Value. Discover 15+ additional exclusive insights and detailed analysis available on InvestingPro.
In other recent news, Argan Inc. reported its financial results for the first quarter of fiscal year 2026, surpassing both earnings and revenue expectations. The company achieved an earnings per share (EPS) of $1.60, significantly higher than the projected $0.90, and generated $193.7 million in revenue, exceeding the forecasted $175.8 million. The Power Industry Services segment was a major contributor, with its revenue surging by 45% year-over-year. Argan also maintains a strong cash position with $546.5 million in cash and investments and no debt. Additionally, the company declared a quarterly dividend of $0.375 per share, marking a 50% increase over the past two years. The Board of Directors also increased the share repurchase program to $150 million. Analyst firm Lake Street Capital has expressed confidence in Argan’s growth trajectory, noting the company’s record project backlog of $1.9 billion, which is expected to exceed $2 billion in the coming months. Argan’s management highlighted a robust project pipeline and anticipated revenue growth, despite acknowledging supply chain challenges that may affect project ramp-up times.
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