Argan (NYSE:AGX) Upgraded at Zacks Research

Zacks Research upgraded shares of Argan (NYSE:AGX) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other brokerages also recently commented on AGX. Wall Street Zen upgraded Argan from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings restated a “buy (b+)” rating on shares of Argan in a research note on Wednesday, December 24th. Freedom Capital raised shares of Argan to a “hold” rating in a report on Tuesday, March 10th. CJS Securities upgraded shares of Argan to a “hold” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Argan from $399.00 to $518.00 and gave the stock a “buy” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Argan currently has a consensus rating of “Moderate Buy” and an average target price of $425.40.

Argan Price Performance

Shares of NYSE:AGX opened at $573.82 on Tuesday. The stock has a market capitalization of $8.00 billion, a P/E ratio of 58.91 and a beta of 0.46. The business has a 50-day moving average of $432.91 and a two-hundred day moving average of $355.89. Argan has a fifty-two week low of $111.16 and a fifty-two week high of $588.00.

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

Insiders Place Their Bets

In other news, Director Cynthia Flanders sold 19,000 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $386.70, for a total value of $7,347,300.00. Following the sale, the director owned 26,207 shares in the company, valued at approximately $10,134,246.90. This trade represents a 42.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Ronald Jr. Jeffrey sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $360.78, for a total transaction of $1,803,900.00. Following the transaction, the director directly owned 8,192 shares in the company, valued at $2,955,509.76. This trade represents a 37.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,852 shares of company stock valued at $23,673,413 in the last three months. 6.69% of the stock is owned by corporate insiders.

Institutional Trading of Argan

A number of hedge funds have recently bought and sold shares of AGX. Aster Capital Management DIFC Ltd bought a new position in shares of Argan during the 3rd quarter worth about $25,000. Danske Bank A S acquired a new position in shares of Argan during the third quarter valued at about $27,000. Montag A & Associates Inc. bought a new stake in shares of Argan in the fourth quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Argan during the fourth quarter worth about $30,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Argan during the fourth quarter worth about $31,000. 79.43% of the stock is owned by institutional investors.

More 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.