GuruFocus - On September 11, 2024, Rainer Bosselmann, a Director at Argan Inc (NYSE:AGX), executed a sale of 27,840 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this sale, the insider now owns 219,879 shares of Argan Inc.
Argan Inc is engaged in the engineering, procurement, and construction of energy plants. The company operates through its subsidiaries, including Gemma Power Systems and Atlantic Projects Company, focusing on power generation and renewable energy.
Over the past year, Rainer Bosselmann has sold a total of 229,037 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within the company, where there have been 16 insider sells and only 1 insider buy over the past year.
Shares of Argan Inc were priced at $89.61 on the day of the sale. The company's market cap is approximately $1.198 billion. The price-earnings ratio stands at 27.92, which is above both the industry median of 15.13 and the company's historical median.
According to the GF Value, the intrinsic value estimate for Argan Inc is $65.45 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.37.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation relative to its current trading price.
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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