Argan (NYSE:AGX) Releases Earnings Results, Beats Expectations By $1.12 EPS

Posted by George Bondi on Sep 2nd, 2026

Argan (NYSE:AGX – Get Free Report) announced its quarterly earnings data on Wednesday. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $1.12, FiscalAI reports. Argan had a return on equity of 36.89% and a net margin of 15.48%.The company had revenue of $383.98 million for the quarter, compared to analysts’ expectations of $300.53 million.

Argan Stock Performance

AGX stock traded up $6.08 during trading on Wednesday, reaching $410.83. 531,778 shares of the company traded hands, compared to its average volume of 383,450. Argan has a 12 month low of $197.00 and a 12 month high of $805.75. The business has a 50 day simple moving average of $592.85 and a 200 day simple moving average of $584.67. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 36.10 and a beta of 0.58.

Argan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 23rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, July 23rd. Argan’s dividend payout ratio is 17.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AGX shares. Zacks Research lowered Argan from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Argan from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded Argan from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 27th. Finally, Lake Street Capital lifted their price objective on Argan from $375.00 to $600.00 and gave the company a “hold” rating in a report on Friday, June 5th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $470.40.

Get Our Latest Report on AGX

Insiders Place Their Bets

In other Argan news, CEO David Hibbert Watson sold 9,993 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $651.22, for a total value of $6,507,641.46. Following the completion of the transaction, the chief executive officer directly owned 40,005 shares in the company, valued at approximately $26,052,056.10. The trade was a 19.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter W. Getsinger sold 4,728 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $708.65, for a total transaction of $3,350,497.20. Following the sale, the director directly owned 6,880 shares of the company’s stock, valued at approximately $4,875,512. The trade was a 40.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 127,973 shares of company stock valued at $87,554,828 in the last three months. 2.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Argan

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of Argan by 12.2% in the 1st 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 in the last quarter. NewEdge Advisors LLC raised its stake in Argan by 118.3% in 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 boosted its holdings in Argan by 13.4% in 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 worth $4,665,000 after acquiring an additional 4,196 shares in the last quarter. Intech Investment Management LLC boosted its holdings in 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 acquiring an additional 2,442 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Argan during the second quarter worth about $286,000. 79.43% of the stock is owned by hedge funds and other institutional investors.

Argan Company Profile

(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.