Argan (NYSE:AGX) had declared a cash dividend of $0.7000 on Sep 15, 2016. The shares will quote ex-dividend on Oct 14, 2016 and the record date has been fixed for Oct 18, 2016. On Sep 15, 2016 share price, the yield comes out to be 5.1948%. The dividend payable date has been fixed on Oct 28, 2016.
Argan (AGX) made into the market gainers list on Tuesdays trading session with the shares advancing 0.39% or 0.22 points. Due to strong positive momentum, the stock ended at $56.66, which is also near the day’s high of $56.97. The stock began the session at $56.5 and the volume stood at 6,08,483 shares. The 52-week high of the shares is $56.97 and the 52 week low is $28.03. The company has a current market capitalization of $852 M and it has 1,50,32,469 shares in outstanding.
Argan(AGX) last announced its earnings results on Sep 6, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $162.50M. Analysts had an estimated revenue of $161.15M. Earnings per share were $1.37. Analysts had estimated an EPS of $0.79.
Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, Richard H Deily (Vice President) sold 10,000 shares at $52.46 per share price.Also, On Sep 13, 2016, William F Jr Griffin (VC/CEO of Gemma Power Systems) sold 33,689 shares at $51.58 per share price.On Jun 14, 2016, Daniel L Martin (President, Gemma Power Systems) sold 15,000 shares at $41.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Argan Inc. is a holding company. The Company conducts operations through its wholly owned subsidiaries Gemma Power Systems LLC and affiliates (GPS) and Southern Maryland Cable Inc. (SMC). The Company operates in two segments: power industry services and telecommunications infrastructure services. Through GPS the Company provides a range of development consulting engineering procurement construction commissioning operations and maintenance services to the power generation and renewable energy markets for a variety of customers including public utilities independent power project owners municipalities public institutions and private industry. Through SMC it provides telecommunications infrastructure services including project management construction and maintenance to the federal government local governments telecommunications and broadband service providers as well as electric utilities.