Rep. Gilbert Ray Cisneros, Jr. Buys Shares of Argan, Inc. (NYSE:AGX)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Argan, Inc. (NYSE:AGX). In a filing disclosed on July 02nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Argan stock on June 30th.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of The Descartes Systems Group (NASDAQ:DSGX) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Texas Roadhouse (NASDAQ:TXRH) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Microchip Technology (NASDAQ:MCHP) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 6/30/2026.

Argan Stock Up 0.0%

Shares of AGX traded up $0.15 during trading hours on Friday, hitting $706.30. The company had a trading volume of 293,275 shares, compared to its average volume of 400,582. The firm has a market cap of $9.90 billion, a P/E ratio of 62.07 and a beta of 0.57. The stock’s 50 day moving average price is $688.32 and its 200 day moving average price is $518.39. Argan, Inc. has a 52-week low of $196.90 and a 52-week high of $805.75.

Argan (NYSE:AGX) last posted its earnings results on Thursday, June 4th. The construction company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.93. Argan had a return on equity of 36.89% and a net margin of 15.48%.The company had revenue of $290.95 million for the quarter, compared to analysts’ expectations of $256.03 million. During the same period last year, the firm earned $1.60 earnings per share. Argan’s quarterly revenue was up 50.2% on a year-over-year basis. On average, research analysts expect that Argan, Inc. will post 12.6 EPS for the current fiscal year.

Argan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, July 23rd. Argan’s dividend payout ratio (DPR) is 17.57%.

Argan declared that its Board of Directors has initiated a share buyback plan on Wednesday, April 8th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Argan news, Chairman William F. Griffin, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $643.46, for a total value of $32,173,000.00. Following the completion of the transaction, the chairman directly owned 90,976 shares in the company, valued at $58,539,416.96. This represents a 35.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Hibbert Watson sold 19,310 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $602.11, for a total transaction of $11,626,744.10. Following the completion of the transaction, the chief executive officer directly owned 49,998 shares of the company’s stock, valued at approximately $30,104,295.78. This trade represents a 27.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 179,663 shares of company stock valued at $119,410,408 over the last quarter. Insiders own 6.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AGX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Argan in a report on Monday, April 6th. Wall Street Zen upgraded shares of Argan from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Freedom Capital upgraded Argan to a “hold” rating in a research note on Tuesday, March 10th. The Goldman Sachs Group increased their price objective on shares of Argan from $399.00 to $518.00 and gave the company a “buy” rating in a report on Friday, March 27th. Finally, Zacks Research upgraded shares of Argan from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $470.40.

Institutional Trading of Argan

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of Argan in the third quarter worth about $25,000. Western Wealth Management LLC bought a new stake in Argan in the first quarter valued at $25,000. Danske Bank A S bought a new stake in Argan in the third quarter valued at $27,000. Montag A & Associates Inc. bought a new position in shares of Argan during the 4th quarter worth about $30,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of Argan during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 79.43% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Argan Company Profile

Argan, Inc (NYSE: AGX) is a holding company that provides professional technical and management services to the power generation and renewable energy industries. Through its wholly owned subsidiaries, the company delivers engineering, procurement and construction management (EPCM), commissioning and operations and maintenance (O&M) services for a broad range of energy facilities. Argan focuses on projects for utility, industrial and municipally owned clients, helping to bring efficient thermal and renewable energy plants into operation and maintain optimal performance over the asset life cycle.

The company’s principal subsidiaries include Gemma Power Systems, which specializes in turnkey construction of combined-cycle, simple-cycle, cogeneration and renewable energy plants; Atlantic Projects Company, which provides electrical balance-of-plant, control systems, instrumentation and commissioning services; and Infrastructure Solutions, which offers industrial maintenance, outage support and modification services.