On September 25, 2024, Director Cynthia Flanders sold 5,000 shares of Argan Inc (AGX, Financial) as reported in a recent SEC Filing. Following this transaction, the insider now owns 17,332 shares of the company.
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 natural gas-fired power plants and renewable energy projects.
Over the past year, the insider has sold a total of 12,000 shares and purchased 8,500 shares. The recent transaction forms part of a broader pattern observed over the last year, where there have been 19 insider sells and only 1 insider buy.
Shares of Argan Inc were priced at $96.39 on the day of the transaction. The company's market cap is approximately $1.356 billion. The price-earnings ratio stands at 31.58, which is above both the industry median of 15.93 and the company's historical median.
According to the GF Value, the intrinsic value estimate for Argan Inc is $65.77, suggesting that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.47.
This sale by the insider might be of interest to investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation metrics and overall market performance.
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.
