Argan - AGX Stock Forecast, Price & News

1 Wall Street equities research 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 equities research analysts is that investors should "buy" AGX shares.
View AGX analyst ratings or view top-rated stocks.

1 brokers have issued 12-month price objectives for Argan's stock. Their AGX share price forecasts range from $87.00 to $87.00. On average, they anticipate the company's stock price to reach $87.00 in the next twelve months. This suggests a possible upside of 114.0% 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 on January 1st, 2023. Since then, AGX stock has increased by 10.2% and is now trading at $40.65.
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Argan saw a increase in short interest in January. As of January 15th, there was short interest totaling 239,300 shares, an increase of 8.3% from the December 31st total of 220,900 shares. Based on an average trading volume of 62,100 shares, the short-interest ratio is currently 3.9 days. Approximately 1.9% of the company's stock are sold short.
View Argan's Short Interest.

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) posted its earnings results on Wednesday, December, 7th. The construction company reported $0.56 EPS for the quarter. The construction company had revenue of $117.88 million for the quarter. Argan had a net margin of 4.69% and a trailing twelve-month return on equity of 10.06%.

Argan declared a quarterly dividend on Wednesday, December 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, January 19th.
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 2.44%. 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 many different retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (13.01%), Legato Capital Management LLC (0.46%), Comerica Bank (0.25%), Los Angeles Capital Management LLC (0.23%), Cardinal Capital Management (0.16%) and Cubic Asset Management LLC (0.13%). 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.
View institutional ownership trends.

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 $40.65.

Argan (NYSE:AGX) has a market capitalization of $552.03 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.