Argan (AGX) Stock Price, News & Analysis

1 Wall Street 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 research analysts is that investors should "buy" AGX shares.
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1 brokerages have issued 12 month price targets for Argan's shares. Their AGX share price targets range from $70.00 to $70.00. On average, they predict the company's stock price to reach $70.00 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price.
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Argan's stock was trading at $46.79 at the beginning of the year. Since then, AGX stock has increased by 32.3% and is now trading at $61.92.
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Argan saw a decline in short interest in March. As of March 31st, there was short interest totaling 68,000 shares, a decline of 34.8% from the March 15th total of 104,300 shares. Based on an average trading volume of 57,700 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the shares of the stock are sold short.
View Argan's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024.
View our AGX earnings forecast.

Argan, Inc. (NYSE:AGX) released its quarterly earnings results on Thursday, April, 11th. The construction company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.14. The construction company earned $164.55 million during the quarter, compared to the consensus estimate of $162.05 million. Argan had a net margin of 5.64% and a trailing twelve-month return on equity of 11.37%. The firm's quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.46) earnings per share.

Argan declared a quarterly dividend on Wednesday, April 10th. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.30 per share on Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, April 19th.
Read our dividend analysis for AGX.

Argan (NYSE:AGX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for AGX.

Roundhill Acquirers Deep Value ETF holds 7,133 shares of AGX stock, representing 1.31% of its portfolio.

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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Cardinal Capital Management (0.22%), Allspring Global Investments Holdings LLC (0.15%) and Los Angeles Capital Management LLC (0.04%). Insiders that own company stock include Cynthia Flanders, David Hibbert Watson, John Ronald Jr Jeffrey, Mano S Koilpillai, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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