Argan (AGX)

Argan's primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan's service offerings focus on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

Company profile

Ticker

AGX

Exchange

NYSE

Website

www.arganinc.com

CEO

Rainer Bosselmann

Incorporated

Delaware

Location

Maryland

Fiscal year end

Jan 31

Sector

Construction > Water and Sewer Line and Related Structures Construction

Industry (SIC)

Construction - Special Trade Contractors

TopBuild • APi • Matrix Service • Concrete Pumping • Ameresco • Color Star Technology • Real Goods Solar • Phoenix Plus • Biopower Operations • Limbach ...

Former names

PUROFLOW INC

SEC CIK

0000100591

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Gemma Power Systems, LLC • Gemma Power Hartford, LLC • Gemma Power, Inc. • Gemma Power Systems California, Inc. • Southern Maryland Cable, Inc. • AGX International Limited • Atlantic Projects Company, Inc. • TRC Acquisition, LLC • Gemma Renewable Power, LLC • Gemma Plant Operations, LLC ...

IRS number

131947195

AGX stock data

1M 1Y 5Y

News

From Benzinga Pro

Stocks That Hit 52-Week Lows On Wednesday

13 Jul 22

During Wednesday's session, 326 stocks hit new 52-week lows.

Looking Into Argan's Return On Capital Employed

27 Jun 22

Pulled from Benzinga Pro data, Argan (NYSE:AGX) posted Q1 earnings of $7.49 million, an increase from Q4 of 2417.34%. Sales dropped to $100.28 million, a 20.14% decrease between quarters.

Argan Q1 EPS $0.50 Down From $0.67 YoY, Sales $100.28M Down From $126.34M YoY

8 Jun 22

Argan (NYSE:AGX) reported quarterly earnings of $0.50 per share. This is a 25.37 percent decrease over earnings of $0.67 per share from the same period last year. The company reported $100.28 million in sales this

Argan Bags Engineering & Construction Contracts In Ireland

8 Jun 22

Press releases

From Benzinga Pro

Argan, Inc. Declares Regular Quarterly Dividend of $0.25 Per Share

21 Jun 22

Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") announces today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable July 29, 2022 to

Argan, Inc. Reports First Quarter Results

8 Jun 22

Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces financial results for its first quarter ended April 30, 2022. For additional information, please read the Company's Quarterly Report on Form 10-Q, which

Argan, Inc.'s Wholly Owned Subsidiary Atlantic Projects Company Enters into Engineering and Construction Contracts for 195 MW Power Projects in Ireland.

8 Jun 22

Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") announces that its wholly owned subsidiary, Atlantic Projects Company ("APC"), has entered into engineering and construction services contracts with the Electricity

Calendar

8 Jun 22

12 Aug 22

31 Jan 23

Financial summary

Financial statements Chart AGX financial data

Quarter (USD)	Apr 22	Jan 22	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Jan 20	Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	192.26M	192.26M	192.26M	192.26M	192.26M	192.26M
Cash burn (monthly)	52.74M	17.04M	(no burn)	(no burn)	13.24M	2.39M
Cash used (since last report)	180.94M	58.45M	n/a	n/a	45.44M	8.19M
Cash remaining	11.31M	133.81M	n/a	n/a	146.82M	184.06M
Runway (months of cash)	0.2	7.9	n/a	n/a	11.1	77.1

Beta Read what these cash burn values mean

Financial data from Argan earnings reports.

Recent insider trades

AGX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 May 22	John Ronald Jr. Jeffrey	Common Stock	Buy	Acquire P	Yes	No	36.7	1,000	36.7K	8,000
22 Apr 22	John Ronald Jr. Jeffrey	Common Stock	Buy	Acquire P	Yes	No	36.97	1,000	36.97K	7,000
18 Apr 22	William F Griffin Jr	RSU Common Stock	Grant	Acquire A	No	No	0	12,500	0	12,500
18 Apr 22	Deily Richard H	RSU Common Stock	Grant	Acquire A	No	No	0	3,500	0	5,834
18 Apr 22	Deily Richard H	Option to Purchase Common Stock Common Stock	Grant	Acquire A	No	No	36.78	3,500	128.73K	57,000
18 Apr 22	Watson David Hibbert	RSU Common Stock	Grant	Acquire A	No	No	0	10,000	0	16,667
18 Apr 22	Watson David Hibbert	RSU Common Stock	Grant	Acquire A	No	No	0	10,000	0	30,000
18 Apr 22	Watson David Hibbert	Stock Option to Purchase Common Stock Common Stock	Grant	Acquire A	No	No	36.78	10,000	367.8K	186,000
16 Apr 22	Deily Richard H	Common Stock	Option exercise	Acquire M	No	No	0	1,193	0	2,193
16 Apr 22	Watson David Hibbert	Common Stock	Option exercise	Acquire M	No	No	0	3,411	0	20,895

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

AGX institutional ownership history Ownership history

34.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	130	123	+5.7%
Opened positions	21	20	+5.0%
Closed positions	14	8	+75.0%
Increased positions	44	48	-8.3%
Reduced positions	44	35	+25.7%

13F shares	Current	Prev Q	Change
Total value	481.87M	827.74M	-41.8%
Total shares	11.88M	12.63M	-5.9%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
River Road Asset Management	1.88M	$76.21M	+1.6%
BLK Blackrock	1.26M	$51.11M	+0.4%
Vanguard	805K	$32.67M	-5.1%
Dimensional Fund Advisors	763.16K	$30.98M	+9.9%
FMR	609.98K	$24.76M	+1.2%
JPM JPMorgan Chase & Co.	600.16K	$24.36M	-4.6%
Renaissance Technologies	483.3K	$19.62M	-0.1%
AltraVue Capital	430.15K	$17.46M	-0.2%
Mirae Asset Global Investments	389.71K	$15.82M	+33.1%
STT State Street	376.08K	$15.27M	+27.9%

Largest transactions	Shares	Bought/sold	Change
BEN Franklin Resources	12.86K	-471.13K	-97.3%
Ashford Capital Management	283.33K	-176.71K	-38.4%
Royce & Associates	214.28K	-151.22K	-41.4%
Victory Capital Management	79.95K	-125.41K	-61.1%
Mirae Asset Global Investments	389.71K	+96.97K	+33.1%
STT State Street	376.08K	+82.02K	+27.9%
Dimensional Fund Advisors	763.16K	+69.06K	+9.9%
Investment Management Of Virginia	108.33K	-55.21K	-33.8%
Jacobs Levy Equity Management	163.93K	+48.92K	+42.5%
Vanguard	805K	-43.24K	-5.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Mcdermott International • Fluor

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: aging, amid, array, benchmark, Britain, brought, bulk, catch, ceased, Chinese, circumventing, clock, coast, Codification, Commerce, committee, community, conclusion, conversion, Corduff, delivery, demonstrated, Department, difficult, disagreed, disruption, doubtful, drawn, environment, ESB, Evidence, exacerbate, export, fashion, fast, feeling, flagged, FlexGen, foreclose, fourth, gap, Goddamendy, halting, highly, impairment, inflation, Jersey, Kilroot, Lee, Likewise, manpower, Midcontinent, Midwest, MISO, modular, nuclear, occupancy, offer, online, orderly, Oregon, overdue, Peninsula, Poolbeg, probe, professional, proposition, quickly, released, retired, retirement, Ringsend, Russia, shift, shifting, shipment, shortfall, simpler, slated, slowdown, social, South, southeast, spanning, standstill, store, strain, straining, struggling, substantive, Telecom, tight, Topic, traditional, transport, Ukraine, unable, Union, unprecedented, view, virtual, war, wary, wildlife, won

Removed: accelerate, adding, aforementioned, arrangement, asserted, assign, assigned, ASU, August, avoidance, back, began, boiler, border, breach, Cadiz, calculate, calculating, Canada, cancelled, cap, certainty, cheap, Chickahominy, closer, cold, comprised, Connecticut, consented, controlled, controlling, cooperative, Court, decreasing, dependence, diminished, dioxide, directly, District, diversity, double, elimination, EmberClear, employee, enabled, enactment, England, entry, ESC, examine, exclusive, Exelon, expressed, extending, fact, failed, fall, FASB, faster, financially, fire, flow, forecasting, forfeited, franchise, frigid, froze, frozen, fulfill, fully, Greenhouse, GW, harder, Harrison, health, hurdle, improved, increasing, Initiative, integrated, intending, intermittent, interrupted, Keystone, Killingly, lack, launch, lawsuit, leasing, lesson, limitation, location, lost, measured, mechanical, Medway, methodology, middle, mixed, mounting, moved, mutually, negatively, NM, northeastern, notified, November, NTE, occasion, offline, Ohio, opened, partially, partnered, pause, permit, Pipeline, PJM, predict, preliminary, prime, prioritize, projection, prompted, proposing, reactive, recording, recovery, remedy, remove, rendered, residential, restored, RGGI, risen, scheduling, sharp, Simplifying, simultaneously, solution, sound, standard, stretch, subcontracted, substance, suspended, switch, taxing, timeline, twelve, UK, vacate, vest, Village, Virginia, visibility, weather, widespread, winter, withholding, XL

From filing 10-Q 2023 Q1

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