Argan (NYSE:AGX) Stock Price Expected to Rise, Lake Street Capital Analyst Says

Argan (NYSE:AGX) had its price objective boosted by research analysts at Lake Street Capital from $325.00 to $375.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the construction company’s stock. Lake Street Capital’s target price would indicate a potential downside of 33.85% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Freedom Capital raised shares of Argan to a “hold” rating in a research note on Tuesday, March 10th. Zacks Research cut shares of Argan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. raised shares of Argan from a “neutral” rating to an “overweight” rating and set a $550.00 price target for the company in a report on Friday. CJS Securities raised Argan to a “hold” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Argan in a research note on Wednesday, December 24th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $425.40.

Argan Stock Performance

NYSE AGX opened at $566.87 on Friday. The stock has a 50 day moving average price of $419.90 and a 200-day moving average price of $347.85. Argan has a one year low of $111.16 and a one year high of $579.00. The company has a market capitalization of $7.86 billion, a P/E ratio of 58.20 and a beta of 0.57.

Argan (NYSE:AGX) last announced its quarterly earnings results on Thursday, March 26th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $1.99 by $1.48. The company had revenue of $262.05 million for the quarter, compared to analysts’ expectations of $255.32 million. Argan had a net margin of 14.59% and a return on equity of 35.12%. Argan’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.22 earnings per share.

Insider Activity

In related news, Director Cynthia Flanders sold 19,000 shares of Argan stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $386.70, for a total transaction of $7,347,300.00. Following the completion of the transaction, the director directly owned 26,207 shares of the company’s stock, valued at approximately $10,134,246.90. The trade was a 42.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Leimkuhler sold 11,044 shares of Argan stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $379.15, for a total transaction of $4,187,332.60. Following the transaction, the director directly owned 49,939 shares of the company’s stock, valued at approximately $18,934,371.85. This represents a 18.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,715 shares of company stock worth $19,787,260. 6.69% of the stock is currently owned by insiders.

Institutional Trading of Argan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in Argan by 12.2% in the first quarter. Millennium Management LLC now owns 117,805 shares of the construction company’s stock worth $15,452,000 after purchasing an additional 12,854 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Argan by 118.3% during the first quarter. NewEdge Advisors LLC now owns 5,316 shares of the construction company’s stock valued at $697,000 after buying an additional 2,881 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Argan by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,567 shares of the construction company’s stock valued at $4,665,000 after buying an additional 4,196 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Argan by 37.3% in the first quarter. Intech Investment Management LLC now owns 8,985 shares of the construction company’s stock worth $1,179,000 after buying an additional 2,442 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Argan by 1.5% in the second quarter. Legal & General Group Plc now owns 16,184 shares of the construction company’s stock worth $3,568,000 after buying an additional 245 shares during the period. 79.43% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Argan

Here are the key news stories impacting Argan this week:

• Positive Sentiment: Q4 results materially beat expectations — EPS $3.47 vs. consensus ~ $1.99 and revenue $262.1M, with year-over-year revenue growth. The beat improves near-term earnings visibility and drove initial buying interest. Business Wire: Q4 Results
• Positive Sentiment: Backlog expansion — backlog grew to roughly $2.9 billion, and commentary pointed to strong FY27 backlog/visibility, supporting revenue runway beyond the quarter. Yahoo Finance: Backlog Growth
• Positive Sentiment: Analysts are revising models upward — multiple firms raised forecasts and price targets after the report, reflecting improved earnings and backlog visibility. That institutional support is reinforcing the rally. Benzinga: Analysts Raise Forecasts
• Positive Sentiment: Major upgrades — JPMorgan upgraded AGX to overweight with a $550 target, and Goldman Sachs boosted its target and repeated a Buy rating; such blue‑chip broker support tends to attract momentum flows. Benzinga: Upgrades
• Neutral Sentiment: Investors have access to the full earnings materials (call transcript and slide deck) to dig into segment dynamics, margins and guidance—useful for modeling but not a directional headline by itself. Slide Deck
• Neutral Sentiment: Technical/flow factors — trading volume spiked well above average, which amplifies moves but can also drive short-term volatility; consider liquidity and position sizing. (Market trading data referenced in filings and market summaries.)
• Negative Sentiment: Some targets and notes still imply caution — Lake Street left a Hold rating and raised its target only to $375, and a couple of published targets sit below the current market price, signaling that some analysts view valuation as extended. Benzinga: Price Target Moves
• Negative Sentiment: Valuation/earnings multiple — AGX now trades at a relatively high P/E versus its historical range, which could leave shares vulnerable to profit-taking if future quarters don’t sustain the upside. (See company and market summaries for current multiples.)

Argan Company Profile

Argan, Inc (NYSE: AGX) is a holding company that provides professional technical and management services to the power generation and renewable energy industries. Through its wholly owned subsidiaries, the company delivers engineering, procurement and construction management (EPCM), commissioning and operations and maintenance (O&M) services for a broad range of energy facilities. Argan focuses on projects for utility, industrial and municipally owned clients, helping to bring efficient thermal and renewable energy plants into operation and maintain optimal performance over the asset life cycle.

The company’s principal subsidiaries include Gemma Power Systems, which specializes in turnkey construction of combined-cycle, simple-cycle, cogeneration and renewable energy plants; Atlantic Projects Company, which provides electrical balance-of-plant, control systems, instrumentation and commissioning services; and Infrastructure Solutions, which offers industrial maintenance, outage support and modification services.