Argan, Inc. $AGX Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of Argan, Inc. (NYSE:AGX) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,873 shares of the construction company’s stock after selling 63,094 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.85% of Argan worth $38,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. First Trust Advisors LP raised its stake in Argan by 14,436.3% in the 2nd quarter. First Trust Advisors LP now owns 329,393 shares of the construction company’s stock valued at $72,624,000 after purchasing an additional 327,127 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Argan by 696.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 296,988 shares of the construction company’s stock worth $65,480,000 after acquiring an additional 259,720 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Argan by 168.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 253,365 shares of the construction company’s stock worth $55,862,000 after acquiring an additional 159,149 shares during the period. Invesco Ltd. grew its stake in Argan by 172.5% in the 2nd quarter. Invesco Ltd. now owns 229,893 shares of the construction company’s stock worth $50,687,000 after acquiring an additional 145,516 shares during the period. Finally, TD Asset Management Inc acquired a new position in Argan in the 3rd quarter valued at $35,629,000. Institutional investors and hedge funds own 79.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Lake Street Capital raised their price objective on Argan from $325.00 to $375.00 and gave the stock a “hold” rating in a report on Friday, March 27th. The Goldman Sachs Group raised their target price on shares of Argan from $399.00 to $518.00 and gave the stock a “buy” rating in a research report on Friday, March 27th. Wall Street Zen raised shares of Argan from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. CJS Securities upgraded shares of Argan to a “hold” rating in a report on Thursday, December 11th. Finally, Zacks Research raised shares of Argan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $425.40.

Argan Stock Up 0.4%

AGX opened at $573.82 on Friday. Argan, Inc. has a 52-week low of $111.16 and a 52-week high of $588.00. The company has a 50 day moving average of $432.91 and a two-hundred day moving average of $355.89. The company has a market cap of $8.00 billion, a P/E ratio of 58.91 and a beta of 0.46.

Argan (NYSE:AGX) last issued its earnings results on Thursday, March 26th. The construction company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $1.48. The business had revenue of $262.05 million for the quarter, compared to the consensus estimate of $255.32 million. Argan had a net margin of 14.59% and a return on equity of 33.62%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.22 EPS.

Insider Activity

In other news, Director Peter W. Getsinger sold 6,595 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $313.71, for a total transaction of $2,068,917.45. Following the completion of the sale, the director owned 7,847 shares of the company’s stock, valued at approximately $2,461,682.37. This trade represents a 45.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Leimkuhler sold 11,044 shares of Argan stock in a transaction on 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 completion of the sale, the director owned 49,939 shares of the company’s stock, valued at approximately $18,934,371.85. This trade represents a 18.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 61,852 shares of company stock valued at $23,673,413. Corporate insiders own 6.69% of the company’s stock.

Key Argan News

Here are the key news stories impacting Argan this week:

• Positive Sentiment: Zacks upgraded Argan from “hold” to “strong-buy,” which can drive demand from growth-oriented investors and funds. Zacks Upgrade
• Positive Sentiment: Analyst coverage highlights a backlog rebuild — Argan reported a consolidated project backlog of $2.93 billion, signaling improved revenue visibility after prior project timing variability. That backlog recovery supports revenue growth expectations. Backlog Rebuild Article
• Positive Sentiment: Market commentary (Seeking Alpha/Zacks pieces) emphasizes that the recent earnings beat and Argan’s growth characteristics make the firm attractive to growth investors—supporting upward momentum in the share price. Earnings Commentary
• Neutral Sentiment: A GlobeNewswire release mentions rental income of €54.4M and 100% occupancy for an entity named ARGAN — this appears to describe a European real-estate firm (euros, Neuilly-sur-Seine) and may not be related to Argan, Inc. (NYSE:AGX). Treat this item as likely unrelated until confirmed. GlobeNewswire Rental Income Release
• Negative Sentiment: Director John Ronald Jr. Jeffrey sold 4,556 shares on March 31 at an average $539.85 (≈$2.46M), reducing his stake by ~55.6% — a notable insider sale that could create perception of insider cashing out. Jeffrey Form 4
• Negative Sentiment: Director Peter W. Getsinger sold 2,581 shares on April 2 at an average $552.73 (~$1.43M), trimming his position by ~19.2% — another insider sale that may raise short-term concerns about insider conviction. Getsinger Form 4

About Argan

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.