Argan (AGX) Stock Price, News & Analysis

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

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 anticipate the company's share price to reach $70.00 in the next twelve months. This suggests a possible upside of 14.8% 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 $46.79 at the start of the year. Since then, AGX stock has increased by 30.3% and is now trading at $60.99.
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Argan saw a decline in short interest in the month of 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 daily trading volume, of 57,700 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the company's stock are short sold.
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 earnings results on Thursday, April, 11th. The construction company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.14. The construction company had revenue of $164.55 million for the quarter, compared to analysts' expectations of $162.05 million. Argan had a trailing twelve-month return on equity of 11.37% and a net margin of 5.64%. The company's revenue for the quarter was up 38.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.46) EPS.

Argan declared a quarterly dividend on Wednesday, April 10th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.30 per share on Tuesday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 1.97%. 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 1.96%. 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 number of retail and institutional investors. Top institutional shareholders 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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