Argan (AGX) Stock Price, News & Analysis

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

1 equities research analysts have issued 12-month target prices for Argan's stock. Their AGX share price targets range from $70.00 to $70.00. On average, they anticipate the company's stock 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 beginning of the year. Since then, AGX shares have increased by 30.3% and is now trading at $60.99.
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Argan saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 68,000 shares, a decrease 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 presently 1.2 days. Currently, 0.5% 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 Thursday, June 13th 2024.
View our AGX earnings forecast.

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

Argan announced 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 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 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 many different institutional and retail 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.
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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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