Raymond James & Associates Sells 30,475 Shares of Argan, Inc. (NYSE:AGX)

Raymond James & Associates lowered its stake in Argan, Inc. (NYSE:AGX) by 25.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,866 shares of the construction company’s stock after selling 30,475 shares during the period. Raymond James & Associates owned approximately 0.67% of Argan worth $4,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGX. Wellington Management Group LLP grew its position in Argan by 123.2% in the first quarter. Wellington Management Group LLP now owns 214,700 shares of the construction company’s stock worth $8,689,000 after acquiring an additional 118,500 shares in the last quarter. State Street Corp grew its position in Argan by 27.9% in the first quarter. State Street Corp now owns 376,082 shares of the construction company’s stock worth $15,265,000 after acquiring an additional 82,024 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Argan by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 763,161 shares of the construction company’s stock worth $30,976,000 after acquiring an additional 69,059 shares in the last quarter. Wasatch Advisors LP grew its position in Argan by 73.0% in the first quarter. Wasatch Advisors LP now owns 151,726 shares of the construction company’s stock worth $6,140,000 after acquiring an additional 64,007 shares in the last quarter. Finally, Royce & Associates LP grew its position in Argan by 44.5% in the first quarter. Royce & Associates LP now owns 160,327 shares of the construction company’s stock worth $6,488,000 after acquiring an additional 49,350 shares in the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Argan Trading Down 0.4 %

AGX opened at $49.35 on Friday. The firm has a market cap of $657.84 million, a P/E ratio of 19.74 and a beta of 0.49. Argan, Inc. has a 12 month low of $37.37 and a 12 month high of $51.97. The stock has a 50-day moving average of $48.13 and a 200 day moving average of $46.50.

About Argan

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, technical, and consulting services to the power generation market. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments.