GuruFocus - On September 11, 2024, James Quinn, Director of Argan Inc (NYSE:AGX), executed a sale of 20,000 shares of the company at a price of $89.25 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 60,422 shares of Argan Inc.
Argan Inc is engaged in the engineering, procurement, and construction of natural gas-fired power plants and other energy-related projects. The company operates through its subsidiaries, including Gemma Power Systems and Atlantic Projects Company, focusing on the power industry and providing comprehensive project services.
Over the past year, James Quinn has sold a total of 20,000 shares and has not made any purchases of the company's stock. The insider transaction history for Argan Inc shows a trend with 1 insider buy and 16 insider sells over the past year.
Shares of Argan Inc were trading at $89.25 on the day of the transaction, giving the company a market cap of approximately $1.20 billion. The price-earnings ratio of the company stands at 27.92, which is above both the industry median of 15.13 and the company's historical median.
The stock's valuation according to the GF Value is $65.45, indicating that with a price-to-GF-Value ratio of 1.36, Argan Inc is considered significantly overvalued. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale could be of interest to investors tracking insider behaviors and the valuation metrics of Argan Inc, especially considering the current market valuation and the insider's remaining stake in the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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