Key Points
- Insider sale: Director John Ronald Jr. Jeffrey sold 4,556 shares on March 31 at an average of $539.85 for $2,459,556.60, trimming his stake by about 55.6% to 3,636 shares.
- Earnings beat: Argan reported quarterly EPS of $3.47 versus $1.99 expected and revenue of $262.05M (vs. $255.32M), with revenue up 12.7% year-over-year and a rebuilt project backlog supporting growth visibility.
- Analyst response & market position: Several firms raised ratings/targets (Goldman to $518 buy; JPMorgan to overweight $550), and the stock trades near its 12‑month high (~$574) with an ~$8B market cap.
Argan, Inc. (NYSE:AGX - Get Free Report) Director Peter Getsinger sold 2,581 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $552.73, for a total transaction of $1,426,596.13. Following the completion of the transaction, the director directly owned 10,847 shares in the company, valued at $5,995,462.31. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Argan Stock Performance
Shares of AGX stock 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 market capitalization of $8.00 billion, a price-to-earnings ratio of 58.91 and a beta of 0.46. The company has a 50-day simple moving average of $432.91 and a 200 day simple moving average of $355.89.
Argan (NYSE:AGX - Get Free Report) last released its quarterly earnings results on Thursday, March 26th. The construction company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $1.99 by $1.48. The firm had revenue of $262.05 million for the quarter, compared to analysts' expectations of $255.32 million. Argan had a net margin of 14.59% and a return on equity of 33.62%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 EPS.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Lake Street Capital lifted their price target on Argan from $325.00 to $375.00 and gave the stock a "hold" rating in a report on Friday, March 27th. Wall Street Zen upgraded Argan from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. 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. Freedom Capital raised shares of Argan to a "hold" rating in a research report on Tuesday, March 10th. Finally, The Goldman Sachs Group upped their price target on shares of Argan from $399.00 to $518.00 and gave the company a "buy" rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $425.40.
Read Our Latest Stock Report on AGX
Hedge Funds Weigh In On Argan
Hedge funds and other institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Argan during the 3rd quarter worth approximately $25,000. Danske Bank A S acquired a new position in Argan during the third quarter valued at approximately $27,000. Montag A & Associates Inc. acquired a new position in Argan during the fourth quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in Argan during the fourth quarter worth $30,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Argan in the 4th quarter valued at $31,000. 79.43% of the stock is currently owned by institutional investors and hedge funds.
Argan News Roundup
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
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
