Argan (AGX) Stock Forecast, Price & News

Argan's stock was trading at $36.88 at the beginning of the year. Since then, AGX shares have increased by 21.9% and is now trading at $44.96.
View the best growth stocks for 2023 here.

Argan saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 99,800 shares, a decline of 13.9% from the August 31st total of 115,900 shares. Based on an average daily volume of 58,200 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.8% of the company's stock are short sold.
View Argan's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our AGX earnings forecast.

Argan, Inc. (NYSE:AGX) issued its quarterly earnings results on Wednesday, September, 6th. The construction company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.19. The construction company had revenue of $141.35 million for the quarter. Argan had a net margin of 7.53% and a trailing twelve-month return on equity of 13.00%.

Argan declared a quarterly dividend on Tuesday, September 19th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.30 per share on Tuesday, October 31st. This represents a $1.20 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, October 20th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for AGX.

Argan (NYSE:AGX) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.20%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.59%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for AGX.

Based on aggregate information from My MarketBeat watchlists, some companies that other Argan investors own include Lam Research (LRCX), Applied Materials (AMAT), FTS International (FTSI), Real Goods Solar (RGSE), Corus Entertainment (CJREF), KLA (KLAC), Nektar Therapeutics (NKTR), Advanced Energy Industries (AEIS), Casa Systems (CASA) and SP Plus (SP).

Argan trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGX."

Shares of AGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AGX stock can currently be purchased for approximately $44.96.

Argan (NYSE:AGX) has a market capitalization of $598.87 million and generates $455.04 million in revenue each year. The construction company earns $33.10 million in net income (profit) each year or $2.66 on an earnings per share basis.

The company employs 985 workers across the globe.

Argan's mailing address is ONE CHURCH STREET SUITE 201, ROCKVILLE MD, 20850. The official website for the company is www.arganinc.com. The construction company can be reached via phone at (301) 315-0027, via email at ir@arganinc.com, or via fax at 301-315-0064.