NYSE:AGX

Argan (AGX) Stock Forecast, Price & News

$46.25

+0.93 (+2.05%)

(As of 09/27/2023 ET)

Compare

Today's Range: $45.55
▼
$46.29
50-Day Range: $37.58
▼
$46.25
52-Week Range: $31.58
▼
$46.80

Volume: 81,479 shs
Average Volume: 67,622 shs
Market Capitalization: $616.05 million

P/E Ratio: 17.39
Dividend Yield: 2.16%
Price Target: N/A

Argan MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.80% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.61
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Construction Sector

43rd out of 102 stocks

Construction - Special Trade Contractors Industry

5th out of 8 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Argan.

5.0

Short Interest

Percentage of Shares Shorted
0.80% of the float of Argan has been sold short.
Short Interest Ratio / Days to Cover
Argan has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Argan has recently decreased by 13.89%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Argan pays a meaningful dividend of 2.17%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Argan has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Argan is 37.59%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AGX.

4.2

News and Social Media Coverage

News Sentiment
Argan has a news sentiment score of 1.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Argan this week, compared to 1 article on an average week.
Search Interest
2 people have searched for AGX on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Argan to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Argan insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.53% of the stock of Argan is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
79.19% of the stock of Argan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Argan is 17.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Argan is 17.39, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 14.80.
Price to Book Value per Share Ratio
Argan has a P/B Ratio of 2.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

September 27, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.

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

September 27, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

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

See More Headlines

Receive AGX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Argan and its competitors with MarketBeat's FREE daily newsletter.

AGX Company Calendar

Ex-Dividend for 7/31 Dividend: 7/20/2023
Dividend Payable: 7/31/2023
Last Earnings: 9/06/2023
Today: 9/27/2023
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

Get Stock Alerts

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: 17.38
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: 1.35
Cash Flow: $2.72 per share
Price / Cash Flow: 16.98
Book Value: $21.40 per share
Price / Book: 2.16

Miscellaneous

Outstanding Shares: 13,320,000
Free Float: 11,783,000
Market Cap: $615.65 million
Optionable: Optionable
Beta: 0.59

Metaverse Stocks And Why You Can't Ignore Them

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report

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 shares have increased by 25.3% and is now trading at $46.22.
View the best growth stocks for 2023 here.
Are investors shorting Argan?: 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 trading volume of 58,200 shares, the short-interest ratio is currently 1.7 days. Currently, 0.8% of the company's 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 Wednesday, December 6th 2023.
View our AGX earnings forecast.
How were Argan's earnings last quarter?: Argan, Inc. (NYSE:AGX) released its quarterly earnings results 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. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.30 per share on Tuesday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date 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 2.17%. 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."
Who are Argan's major shareholders?: Argan's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (12.46%), BlackRock Inc. (9.57%), Dimensional Fund Advisors LP (6.09%), Renaissance Technologies LLC (3.35%), Mirae Asset Global Investments Co. Ltd. (2.70%) and State Street Corp (2.48%). Insiders that own company stock include David Hibbert Watson, John Ronald Jr Jeffrey, Mano S Koilpillai, 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 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 $46.22.
How much money does Argan make?: Argan (NYSE:AGX) has a market capitalization of $615.65 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 9/27/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial