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
Website
CEO
Rainer Bosselmann
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PUROFLOW INC
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
8-K
Other Events
10 Mar 23
8-K
Entry into a Material Definitive Agreement
8 Mar 23
8-K
Declares Regularly Quarterly Cash Dividend of $0.25 Per Common Share
14 Dec 22
10-Q
2023 Q3
Quarterly report
7 Dec 22
8-K
Argan, Inc. Reports Third Quarter Results
7 Dec 22
8-K
Argan, Inc.’s Gemma Power Systems Receives Full Notice to Proceed for a 950-MW Power Project in Ohio
8 Nov 22
10-Q
2023 Q2
Quarterly report
8 Sep 22
8-K
Argan, Inc. Reports Second Quarter Results
8 Sep 22
8-K
Argan, Inc. Announces Founder, Chairman and CEO Retirement and Succession
18 Aug 22
8-K
Results of Voting
21 Jun 22
Latest ownership filings
4
JAMES W QUINN
8 Mar 23
4
RAINER H BOSSELMANN
8 Mar 23
SC 13G
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
SC 13G/A
River Road Asset Management, LLC
8 Feb 23
SC 13G/A
BlackRock Inc.
24 Jan 23
4
William F. Leimkuhler
20 Dec 22
4
Peter W Getsinger
20 Dec 22
4
John Ronald Jr. Jeffrey
20 Dec 22
4
W G CHAMPION MITCHELL
20 Dec 22
Financial summary
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| Annual (USD) | Jan 22 | Jan 21 | Jan 20 | Jan 19 | |
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| 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) | 136.07 mm | 136.07 mm | 136.07 mm | 136.07 mm | 136.07 mm | 136.07 mm |
| Cash burn (monthly) | 2.43 mm | 21.29 mm | (no burn) | (no burn) | 5.40 mm | 7.19 mm |
| Cash used (since last report) | 11.75 mm | 103.08 mm | n/a | n/a | 26.16 mm | 34.81 mm |
| Cash remaining | 124.32 mm | 32.98 mm | n/a | n/a | 109.90 mm | 101.26 mm |
| Runway (months of cash) | 51.2 | 1.5 | n/a | n/a | 20.3 | 14.1 |
Institutional ownership, Q4 2022
78.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 113 |
| Opened positions | 16 |
| Closed positions | 8 |
| Increased positions | 26 |
| Reduced positions | 51 |
| 13F shares | Current |
|---|---|
| Total value | 353.67 bn |
| Total shares | 10.60 mm |
| Total puts | 9.30 k |
| Total calls | 12.60 k |
| Total put/call ratio | 0.7 |
| Largest owners | Shares | Value |
|---|---|---|
| River Road Asset Management | 1.77 mm | $65.15 bn |
| BLK Blackrock | 1.35 mm | $49.71 bn |
| Dimensional Fund Advisors | 841.09 k | $31.02 mm |
| Vanguard | 699.77 k | $25.81 bn |
| JPM JPMorgan Chase & Co. | 588.00 k | $21.70 bn |
| Renaissance Technologies | 446.80 k | $16.49 bn |
| STT State Street | 374.63 k | $13.82 bn |
| AltraVue Capital | 355.75 k | $13.12 bn |
| FMR | 351.60 k | $12.97 bn |
| Mirae Asset Global Investments | 292.57 k | $10.79 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Mar 23 | James W Quinn | Common Stock | Option exercise | Acquire M | No | No | 26.88 | 5,000 | 134.40 k | 69,570 |
| 7 Mar 23 | James W Quinn | Option to Purchase Common Stock Common Stock | Option exercise | Dispose M | No | No | 26.88 | 5,000 | 134.40 k | 85,000 |
| 6 Mar 23 | Bosselmann Rainer H | Common Stock | Option exercise | Acquire M | No | No | 16.37 | 25,000 | 409.25 k | 390,390 |
| 6 Mar 23 | Bosselmann Rainer H | Option to Purchase Common Stock Common Stock | Option exercise | Dispose M | No | No | 16.37 | 25,000 | 409.25 k | 295,000 |
| 16 Dec 22 | Cynthia Flanders | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,750 | 0.00 | 3,500 |
| 16 Dec 22 | Cynthia Flanders | Option to Purchase Common Stock Common Stock | Grant | Acquire A | No | No | 35.72 | 5,000 | 178.60 k | 87,000 |
| 16 Dec 22 | Leimkuhler William F. | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,750 | 0.00 | 3,500 |
| 16 Dec 22 | Leimkuhler William F. | Option to Purchase Common Stock Common Stock | Grant | Acquire A | No | No | 35.72 | 5,000 | 178.60 k | 90,000 |
| 16 Dec 22 | Getsinger Peter W | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,750 | 0.00 | 3,500 |
| 16 Dec 22 | Getsinger Peter W | Option to Purchase Common Stock Common Stock | Grant | Acquire A | No | No | 35.72 | 5,000 | 178.60 k | 67,000 |