Argan (AGX) Stock Price, News & Analysis

$60.84
-0.18 (-0.29%)
(As of 05/3/2024 ET)
Today's Range
$60.38
$61.78
50-Day Range
$46.33
$62.08
52-Week Range
$37.37
$62.69
Volume
70,028 shs
Average Volume
117,305 shs
Market Capitalization
$805.52 million
P/E Ratio
25.46
Dividend Yield
1.97%
Price Target
$70.00

Argan MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.1% Upside
$70.00 Price Target
Short Interest
Healthy
1.06% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$2.39 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.82 out of 5 stars

Construction Sector

69th out of 100 stocks

Construction - Special Trade Contractors Industry

7th out of 8 stocks

AGX stock logo

About Argan Stock (NYSE:AGX)

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. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and other commercial firms. The Industrial Services segment provides industrial construction and field services and vessel fabrication services for fertilizer, engineering and construction, forest products, and various other industrial companies in southeast region of the United States. The Telecom Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves electricity cooperative, state and local government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as federal government facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.

AGX Stock Price History

AGX Stock News Headlines

Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your Share
The latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty.
Argan, Inc. (NYSE:AGX) Director Sells $166,833.00 in Stock
Comparing Argan (NYSE:AGX) & SolarMax Technology (NASDAQ:SMXT)
Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your Share
The latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty.
Why Argan Stock Soared 24% Today
Q4 2024 Argan Inc Earnings Call
Lake Street Keeps Their Buy Rating on Argan (AGX)
See More Headlines
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Company Calendar

Last Earnings
4/11/2024
Ex-Dividend for 4/30 Dividend
4/19/2024
Dividend Payable
4/30/2024
Today
5/05/2024
Next Earnings (Estimated)
6/13/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Construction - special trade contractors
Sub-Industry
Construction & Engineering
CUSIP
04010E10
Employees
1,214
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$70.00
High Stock Price Target
$70.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+15.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$32.36 million
Pretax Margin
8.53%

Debt

Sales & Book Value

Annual Sales
$573.33 million
Cash Flow
$2.61 per share
Book Value
$21.83 per share

Miscellaneous

Free Float
11,713,000
Market Cap
$805.52 million
Optionable
Optionable
Beta
0.43
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AGX Stock Analysis - Frequently Asked Questions

Should I buy or sell Argan stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Argan in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AGX shares.
View AGX analyst ratings
or view top-rated stocks.

What is Argan's stock price target for 2024?

1 brokerages have issued 12 month price objectives for Argan's shares. Their AGX share price targets range from $70.00 to $70.00. On average, they expect the company's share price to reach $70.00 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
View analysts price targets for AGX
or view top-rated stocks among Wall Street analysts.

How have AGX shares performed in 2024?

Argan's stock was trading at $46.79 on January 1st, 2024. Since then, AGX shares have increased by 30.0% and is now trading at $60.84.
View the best growth stocks for 2024 here
.

Are investors shorting Argan?

Argan saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 132,400 shares, an increase of 94.7% from the March 31st total of 68,000 shares. Based on an average trading volume of 74,100 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.1% of the shares of the stock are sold short.
View Argan's Short Interest
.

When is Argan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024.
View our AGX earnings forecast
.

How were Argan's earnings last quarter?

Argan, Inc. (NYSE:AGX) released its earnings results on Thursday, April, 11th. The construction company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.14. The construction company earned $164.55 million during the quarter, compared to analyst estimates of $162.05 million. Argan had a net margin of 5.64% and a trailing twelve-month return on equity of 11.37%. The company's revenue was up 38.5% on a year-over-year basis. During the same period last year, the company earned ($0.46) earnings per share.

How often does Argan pay dividends? What is the dividend yield for Argan?

Argan announced a quarterly dividend on Wednesday, April 10th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.30 per share on Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, April 19th.
Read our dividend analysis for AGX
.

Is Argan a good dividend stock?

Argan (NYSE:AGX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.97%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for AGX.

What ETFs hold Argan's stock?

ETFs with the largest weight of Argan (NYSE:AGX) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).IQ Chaikin U.S. Small Cap ETF (CSML).

What other stocks do shareholders of Argan own?
Who are Argan's major shareholders?

Argan's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (2.45%), Azarias Capital Management L.P. (1.27%), Raymond James & Associates (0.69%), Cardinal Capital Management (0.22%), Wesbanco Bank Inc. (0.19%) and Allspring Global Investments Holdings LLC (0.15%). Insiders that own company stock include Cynthia Flanders, John Ronald Jr Jeffrey, Mano S Koilpillai, Richard H Deily, W G Champion Mitchell and William F Griffin Jr.
View institutional ownership trends
.

How do I buy shares of Argan?

Shares of AGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AGX) was last updated on 5/5/2024 by MarketBeat.com Staff

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