Argan (AGX) to Release Quarterly Earnings on Wednesday

Argan (NYSE:AGX - Get Free Report) is expected to be issuing its Q1 2026 quarterly earnings data after the market closes on Wednesday, June 4th. Analysts expect Argan to post earnings of $1.09 per share and revenue of $193.75 million for the quarter.

Argan (NYSE:AGX - Get Free Report) last released its earnings results on Thursday, March 27th. The construction company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.15 by $1.07. The business had revenue of $232.47 million during the quarter, compared to analysts' expectations of $197.50 million. Argan had a net margin of 8.20% and a return on equity of 21.66%. Argan's quarterly revenue was up 41.3% compared to the same quarter last year.

Argan Trading Down 0.9%

NYSE:AGX traded down $1.99 on Thursday, hitting $207.70. The company's stock had a trading volume of 413,189 shares, compared to its average volume of 323,238. Argan has a one year low of $63.53 and a one year high of $217.50. The stock has a fifty day moving average of $155.76 and a two-hundred day moving average of $148.11. The firm has a market capitalization of $2.83 billion, a P/E ratio of 43.45 and a beta of 0.42.

Argan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. Argan's dividend payout ratio (DPR) is 24.55%.

Wall Street Analyst Weigh In

Separately, Lake Street Capital raised Argan from a "hold" rating to a "buy" rating and set a $150.00 target price for the company in a report on Friday, March 28th.

Insider Buying and Selling at Argan

In other Argan news, CFO Richard H. Deily sold 1,565 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $152.32, for a total transaction of $238,380.80. Following the sale, the chief financial officer now owns 7,802 shares of the company's stock, valued at approximately $1,188,400.64. The trade was a 16.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter W. Getsinger sold 5,000 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $145.03, for a total value of $725,150.00. Following the completion of the transaction, the director now owns 11,496 shares of the company's stock, valued at $1,667,264.88. This represents a 30.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,857 shares of company stock worth $1,308,133 over the last three months. Corporate insiders own 6.69% of the company's stock.

Institutional Investors Weigh In On Argan

A number of institutional investors have recently made changes to their positions in AGX. Millennium Management LLC boosted its holdings in Argan by 12.2% in the first quarter. Millennium Management LLC now owns 117,805 shares of the construction company's stock valued at $15,452,000 after acquiring an additional 12,854 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Argan by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,567 shares of the construction company's stock worth $4,665,000 after acquiring an additional 4,196 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Argan by 37.3% in the 1st quarter. Intech Investment Management LLC now owns 8,985 shares of the construction company's stock valued at $1,179,000 after purchasing an additional 2,442 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Argan by 118.3% during the 1st quarter. NewEdge Advisors LLC now owns 5,316 shares of the construction company's stock valued at $697,000 after purchasing an additional 2,881 shares in the last quarter. Institutional investors own 79.43% of the company's stock.

About Argan

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market. The company operates through Power Services, Industrial Services, and Telecom Services segments. The Power Services segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 18 gigawatts of power-generating capacity.