Argan - AGX Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Argan in the last year. 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.

1 equities research analysts have issued twelve-month price targets for Argan's stock. Their AGX share price forecasts range from $87.00 to $87.00. On average, they predict the company's share price to reach $87.00 in the next twelve months. This suggests a possible upside of 119.3% from the stock's current price.
View analysts price targets for AGX or view top-rated stocks among Wall Street analysts.

Argan's stock was trading at $36.88 at the beginning of the year. Since then, AGX stock has increased by 7.6% and is now trading at $39.67.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 12th 2023.
View our AGX earnings forecast.

Argan, Inc. (NYSE:AGX) issued its quarterly earnings data on Wednesday, December, 8th. The construction company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.31. The construction company earned $124.45 million during the quarter. Argan had a net margin of 4.69% and a trailing twelve-month return on equity of 10.06%.

Argan announced a quarterly dividend on Wednesday, December 14th. Investors of record on Friday, January 20th will be given a dividend of $0.25 per share on Tuesday, January 31st. This represents a $1.00 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, January 19th.
Read our dividend analysis for AGX.

ETFs with the largest weight of Argan (NYSE:AGX) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Roundhill Acquirers Deep Value ETF (DEEP), iShares U.S. Infrastructure ETF (IFRA), iShares US Small Cap Value Factor ETF (SVAL), Global X U.S. Infrastructure Development ETF (PAVE), Hartford Multifactor Small Cap ETF (ROSC), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Argan (NYSE:AGX) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.45%. The dividend payout ratio is 66.67%. 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."

Argan's stock is owned by a number of institutional and retail investors. Top institutional investors include River Road Asset Management LLC (13.01%), Dimensional Fund Advisors LP (6.20%), JPMorgan Chase & Co. (4.33%), Renaissance Technologies LLC (3.29%), AltraVue Capital LLC (2.62%) and Mirae Asset Global Investments Co. Ltd. (2.16%). Insiders that own company stock include David Hibbert Watson, John Ronald Jr Jeffrey, Mano S Koilpillai, Peter W Getsinger, W G Champion Mitchell and William F Griffin Jr.
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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 $39.67.

Argan (NYSE:AGX) has a market capitalization of $538.72 million and generates $509.37 million in revenue each year. The construction company earns $38.24 million in net income (profit) each year or $1.50 on an earnings per share basis.

The company employs 1,358 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 or via fax at 301-315-0064.