Argan (NYSE:AGX) Stock Price Down 8.1% – Should You Sell?

Posted by Geri Gentry on Sep 9th, 2026

Argan, Inc. (NYSE:AGX – Get Free Report) shares fell 8.1% during mid-day trading on Wednesday . The company traded as low as $405.33 and last traded at $401.4260. Approximately 319,599 shares were traded during trading, a decline of 17% from the average daily volume of 386,045 shares. The stock had previously closed at $436.78.

Analyst Upgrades and Downgrades

AGX has been the subject of several research reports. Lake Street Capital raised Argan from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a report on Thursday, September 3rd. Freedom Broker upgraded shares of Argan from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Wall Street Zen upgraded shares of Argan from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler started coverage on Argan in a research note on Tuesday. They set an “underweight” rating and a $273.00 price objective on the stock. Finally, Zacks Research cut Argan from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Argan has a consensus rating of “Moderate Buy” and an average target price of $437.50.

View Our Latest Research Report on Argan

Argan Stock Down 8.0%

The firm has a market cap of $5.64 billion, a PE ratio of 31.78, a PEG ratio of 3.11 and a beta of 0.57. The stock’s fifty day simple moving average is $558.24 and its two-hundred day simple moving average is $584.91.

Argan (NYSE:AGX – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The construction company reported $3.76 EPS for the quarter, topping the consensus estimate of $2.64 by $1.12. Argan had a return on equity of 38.51% and a net margin of 15.09%.The company had revenue of $383.98 million during the quarter, compared to the consensus estimate of $300.53 million. During the same period last year, the company earned $2.50 EPS. Argan’s revenue for the quarter was up 61.5% on a year-over-year basis. On average, equities research analysts anticipate that Argan, Inc. will post 13.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Argan

In other news, Director Peter Getsinger sold 2,000 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $699.00, for a total transaction of $1,398,000.00. Following the transaction, the director directly owned 4,880 shares of the company’s stock, valued at $3,411,120. This represents a 29.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman William Griffin, Jr. sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $760.43, for a total value of $15,208,600.00. Following the completion of the transaction, the chairman directly owned 40,976 shares in the company, valued at $31,159,379.68. The trade was a 32.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 127,973 shares of company stock worth $87,554,828. 2.99% of the stock is owned by corporate insiders.

Institutional Trading of Argan

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC raised its position in Argan by 2.0% during the first quarter. International Assets Investment Management LLC now owns 775 shares of the construction company’s stock valued at $443,000 after purchasing an additional 15 shares during the period. PNC Financial Services Group Inc. raised its holdings in Argan by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 541 shares of the construction company’s stock valued at $170,000 after buying an additional 30 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in Argan by 0.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,030 shares of the construction company’s stock valued at $2,734,000 after buying an additional 30 shares during the period. National Bank of Canada FI lifted its position in Argan by 26.7% in the third quarter. National Bank of Canada FI now owns 147 shares of the construction company’s stock worth $40,000 after buying an additional 31 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in Argan during the first quarter worth $25,000. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

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.