Argan (NYSE:AGX) Stock Price Down 11.9% – What’s Next?

Posted by Stanley Muller on Jul 7th, 2026

Argan, Inc. (NYSE:AGX – Get Free Report)’s share price traded down 11.9% during mid-day trading on Tuesday . The company traded as low as $652.71 and last traded at $638.6690. 84,854 shares traded hands during trading, a decline of 79% from the average session volume of 402,976 shares. The stock had previously closed at $725.23.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Zacks Research raised Argan from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. Freedom Capital raised shares of Argan to a “hold” rating in a report on Tuesday, March 10th. JPMorgan Chase & Co. raised Argan from a “neutral” rating to an “overweight” rating and set a $550.00 target price for the company in a report on Friday, March 27th. Lake Street Capital lifted their price target on shares of Argan from $375.00 to $600.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Finally, Wall Street Zen raised Argan from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $470.40.

Get Our Latest Analysis on Argan

Argan Stock Performance

The company has a market cap of $9.27 billion, a P/E ratio of 58.27 and a beta of 0.57. The business has a fifty day simple moving average of $689.69 and a 200 day simple moving average of $522.65.

Argan (NYSE:AGX – Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The construction company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.93. Argan had a return on equity of 36.89% and a net margin of 15.48%.The business had revenue of $290.95 million for the quarter, compared to analyst estimates of $256.03 million. During the same period in the prior year, the company posted $1.60 EPS. The business’s revenue was up 50.2% compared to the same quarter last year. Equities research analysts expect that Argan, Inc. will post 12.6 EPS for the current year.

Argan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, July 23rd. Argan’s dividend payout ratio (DPR) is presently 17.57%.

Argan declared that its board has initiated a share buyback program on Wednesday, April 8th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, Chairman William F. Griffin, Jr. sold 50,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $643.46, for a total transaction of $32,173,000.00. Following the completion of the sale, the chairman owned 90,976 shares of the company’s stock, valued at $58,539,416.96. This represents a 35.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Edwin Iv Collins sold 11,068 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $621.61, for a total transaction of $6,879,979.48. Following the sale, the chief executive officer owned 30,320 shares in the company, valued at approximately $18,847,215.20. This trade represents a 26.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 179,663 shares of company stock worth $119,410,408. Corporate insiders own 6.69% of the company’s stock.

Hedge Funds Weigh In On Argan

Hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in shares of Argan in the first quarter valued at approximately $25,000. SJS Investment Consulting Inc. boosted its position in shares of Argan by 2,950.0% during the first quarter. SJS Investment Consulting Inc. now owns 61 shares of the construction company’s stock worth $33,000 after buying an additional 59 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in Argan in the 4th quarter worth approximately $30,000. Montag A & Associates Inc. bought a new position in Argan in the 4th quarter worth approximately $30,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Argan in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 79.43% of the company’s stock.

About Argan

(Get Free Report)

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.