NYSE:AGX

Argan (AGX) Stock Forecast, Price & News

$45.52

-0.44 (-0.96%)

(As of 09/29/2023 ET)

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Today's Range: $45.36
▼
$46.00
50-Day Range: $37.58
▼
$46.25
52-Week Range: $31.64
▼
$46.80

Volume: 64,728 shs
Average Volume: 75,747 shs
Market Capitalization: $606.33 million

P/E Ratio: 17.11
Dividend Yield: 2.20%
Price Target: N/A

About Argan (NYSE:AGX) Stock

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, technical, and consulting services to the power generation market. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments. The Power Industry Services segment offers engineering, procurement, and construction contracting services 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 16 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and other commercial firms. The Industrial Fabrication and Field Services segment provides construction and field services and vessel fabrication services for fertilizer, lithium technology, engineering and construction, forest products, industrial gas, mining, and other companies in southeast region of the United States. The Telecommunications Infrastructure 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, regional communications service providers, and other commercial customers, as well as contractors, other commercial firms, and 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 Price History

30 days | 90 days | 365 days | Advanced Chart

AGX Stock News Headlines

September 22, 2023 | finance.yahoo.com

Argan, Inc. (NYSE:AGX) Shares Could Be 49% Below Their Intrinsic Value Estimate

September 19, 2023 | finance.yahoo.com

Argan, Inc. Increases Quarterly Dividend by 20% to $0.30 Per Common Share

October 1, 2023 | Behind the Markets (Ad)

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September 8, 2023 | finance.yahoo.com

Does Argan (NYSE:AGX) Deserve A Spot On Your Watchlist?

September 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Argan (AGX) and Methode Electronics (MEI)

September 7, 2023 | finance.yahoo.com

Argan, Inc. (NYSE:AGX) Q2 2024 Earnings Call Transcript

September 7, 2023 | finance.yahoo.com

Q2 2024 Argan Inc Earnings Call

September 6, 2023 | markets.businessinsider.com

Argan, Inc. Announces Increase In Q2 Profit, Beats estimates

October 1, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Software" to Revolutionize Warfare

September 5, 2023 | msn.com

Argan Q2 2024 Earnings Preview

September 5, 2023 | benzinga.com

Earnings Outlook For Argan

August 23, 2023 | finance.yahoo.com

Argan, Inc. to Announce Second Quarter Fiscal Year 2024 Results and Host Conference Call on Wednesday, September 6, 2023

August 23, 2023 | seekingalpha.com

Argan Stock: Recalibrating Expectations

August 21, 2023 | finance.yahoo.com

Argan (NYSE:AGX) Could Be At Risk Of Shrinking As A Company

August 17, 2023 | finance.yahoo.com

Argan, Inc.’s Atlantic Projects Company Receives Full Notice to Proceed for a 264-MW Power Project in Ireland

August 14, 2023 | stocknews.com

Should You Add These 3 Industrial Stocks to Your Portfolio This Week?

August 1, 2023 | finance.yahoo.com

With 84% ownership of the shares, Argan, Inc. (NYSE:AGX) is heavily dominated by institutional owners

July 20, 2023 | stocknews.com

Are These 3 Building Material Stocks a Good Buy?

July 14, 2023 | finance.yahoo.com

Argan, Inc.'s (NYSE:AGX) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?

June 20, 2023 | finance.yahoo.com

Argan, Inc. Declares Regular Quarterly Cash Dividend of $0.25 Per Common Share

June 11, 2023 | finance.yahoo.com

Argan, Inc. (NYSE:AGX) Q1 2024 Earnings Call Transcript

June 9, 2023 | msn.com

Argan falls on Q1 earnings miss

June 8, 2023 | msn.com

Argan: Q1 Earnings Insights

June 8, 2023 | apnews.com

Argan: Fiscal Q1 Earnings Snapshot

June 8, 2023 | finance.yahoo.com

Argan, Inc. Reports First Quarter Fiscal 2024 Results

June 7, 2023 | msn.com

Argan Q1 2024 Earnings Preview

June 7, 2023 | msn.com

Argan's Earnings: A Preview

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AGX Company Calendar

Ex-Dividend for 7/31 Dividend: 7/20/2023
Dividend Payable: 7/31/2023
Last Earnings: 9/06/2023
Today: 10/01/2023
Ex-Dividend for 10/31 Dividend: 10/20/2023
Dividend Payable: 10/31/2023
Next Earnings (Estimated): 12/06/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Construction - special trade contractors
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NYSE:AGX
CUSIP: 04010E10
CIK: 100591
Web: www.arganinc.com
Phone: (301) 315-0027
Fax: 301-315-0064
Employees: 985
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.66
Trailing P/E Ratio: 17.11
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $33.10 million
Net Margins: 7.53%
Pretax Margin: 8.86%
Return on Equity: 13.00%
Return on Assets: 7.71%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.11
Quick Ratio: 2.11

Sales & Book Value

Annual Sales: $455.04 million
Price / Sales: 1.33
Cash Flow: $2.71 per share
Price / Cash Flow: 16.79
Book Value: $21.40 per share
Price / Book: 2.13

Miscellaneous

Outstanding Shares: 13,320,000
Free Float: 11,783,000
Market Cap: $606.33 million
Optionable: Optionable
Beta: 0.59

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Key Executives

Mr. David Hibbert Watson CPA (Age 48)
CEO, Pres & Director
Comp: $638.48k

Mr. Richard Hank Deily (Age 69)
CFO, Sr. VP, Treasurer & Corp. Sec.
Comp: $856.62k

Mr. Charles Edwin Collins IV (Age 46)
Chief Exec. Officer of Gemma Power Systems, LLC
Comp: $2.11M

Mr. Terrence Trebilcock (Age 52)
Pres of Gemma Power Systems, LLC

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

AGX Stock - Frequently Asked Questions

How have AGX shares performed in 2023?: Argan's stock was trading at $36.88 at the start of the year. Since then, AGX stock has increased by 23.4% and is now trading at $45.52.
View the best growth stocks for 2023 here.
Are investors shorting Argan?: Argan saw a drop in short interest in September. As of September 15th, there was short interest totaling 99,800 shares, a drop of 13.9% from the August 31st total of 115,900 shares. Based on an average daily volume of 58,200 shares, the short-interest ratio is currently 1.7 days. Approximately 0.8% of the company's stock are short sold.
View Argan's Short Interest.
When is Argan's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our AGX earnings forecast.
How were Argan's earnings last quarter?: Argan, Inc. (NYSE:AGX) released its quarterly earnings data on Wednesday, September, 6th. The construction company reported $0.94 earnings per share (EPS) 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 trailing twelve-month return on equity of 13.00% and a net margin of 7.53%.
How often does Argan pay dividends? What is the dividend yield for Argan?: Argan announced a quarterly dividend on Tuesday, September 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, October 20th. This is an increase from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for AGX.
Is Argan a good dividend stock?: 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.

What other stocks do shareholders of Argan own?: 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).
What is Argan's stock symbol?: Argan trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGX."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Argan's stock price today?: One share of AGX stock can currently be purchased for approximately $45.52.
How much money does Argan make?: Argan (NYSE:AGX) has a market capitalization of $606.33 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.
How many employees does Argan have?: The company employs 985 workers across the globe.
How can I contact Argan?: 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.

This page (NYSE:AGX) was last updated on 10/1/2023 by MarketBeat.com Staff

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