Argan Insider Sells $3M Worth of Shares in Recent SEC Filing

Argan, Inc. is a holding company with subsidiaries in the construction, power, and telecommunications sectors. A recent SEC filing shows that an insider sold shares worth $3,093,700. The company's subsidiaries include Gemma Power Systems, Atlantic Projects Company, The Roberts Company, and Southern Maryland Cable.

Argan, Inc. (NYSE: AGX), a holding company with subsidiaries in the construction, power, and telecommunications sectors, has seen significant recent developments. An insider sold shares worth approximately $3,093,700, while the company also announced a substantial dividend increase. These events highlight Argan's operational momentum and its commitment to shareholder value.

According to a recent SEC filing, Director William F. Leimkuhler sold 11,802 shares of Argan's stock, valued at approximately $3,242,363.46. This sale, disclosed on October 1, 2025, represents a 23.31% decrease in the director's ownership. Additionally, CEO Charles Edwin Iv Collins sold 10,000 shares, valued at $2,920,900.00, on October 13, 2025, resulting in a 32.25% decrease in his ownership. These transactions total 111,027 shares sold by insiders in the last three months, valued at $29,968,996, according to a MarketBeat alert.

The insider selling comes amidst Argan's strong operational performance. The company reported $2.50 earnings per share (EPS) for the quarter ending September 4, 2025, beating the consensus estimate of $1.99 by $0.51. Revenue for the quarter was $237.74 million, up 4.7% year-over-year. Argan's robust financial performance is reflected in its 32.61% return on equity and 12.73% net margin, as noted in the MarketBeat alert.

In addition to its strong financials, Argan has recently boosted its dividend. The company announced a quarterly dividend of $0.50 per share, representing a $2.00 annualized dividend and a yield of 0.7%. This is a significant increase from the previous quarterly dividend of $0.38, reflecting management's confidence in the company's cash flow strength and financial discipline, according to the MarketBeat alert.

Argan's subsidiaries, including Gemma Power Systems, Atlantic Projects Company, The Roberts Company, and Southern Maryland Cable, contribute to the company's diverse revenue streams. The company's outlook anticipates $1.5 billion in revenue and $142.0 million in earnings by 2028, based on an annual revenue growth rate of 18.1% and an earnings increase of $24.8 million from current earnings of $117.2 million, according to Simply Wall St.

Despite these positive developments, investors should remain cautious. Argan's heavy exposure to large, gas-fired EPC projects means any market shift toward renewables or project execution missteps could materially affect earnings consistency in the near-term, a point highlighted by Simply Wall St. Additionally, institutional investors have been adding to their stakes in Argan, with TrueMark Investments LLC purchasing 9,812 shares in the second quarter of 2025, valued at approximately $2,163,000, as disclosed in the MarketBeat alert.

In conclusion, Argan, Inc. has shown strong operational performance and a commitment to shareholder value with its recent dividend increase. However, investors should be mindful of the risks associated with the company's exposure to large gas-fired EPC projects.