Argan (AGX) to Release Earnings on Wednesday

Argan (NYSE:AGX) is expected to announce its Q1 2026 earnings results after the market closes on Wednesday, June 4th. Analysts expect the company to announce earnings of $1.09 per share and revenue of $193.75 million for the quarter.

Argan (NYSE:AGX) last issued its earnings results on Thursday, March 27th. The construction company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $1.07. Argan had a net margin of 8.20% and a return on equity of 21.66%. The business had revenue of $232.47 million for the quarter, compared to analyst estimates of $197.50 million. Argan’s revenue for the quarter was up 41.3% on a year-over-year basis.

Argan Stock Performance

Argan stock opened at $209.68 on Tuesday. The company has a market capitalization of $2.86 billion, a PE ratio of 43.87 and a beta of 0.42. The company has a 50 day moving average price of $160.79 and a 200-day moving average price of $149.34. Argan has a fifty-two week low of $63.53 and a fifty-two week high of $214.75.

Argan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $1.50 annualized dividend and a yield of 0.72%. Argan’s payout ratio is currently 24.55%.

Analysts Set New Price Targets

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 $150.00 price target on the stock in a research report on Friday, March 28th. Kepler Capital Markets downgraded Argan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th.

Insider Activity

In related news, CFO Richard H. Deily sold 1,565 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $152.32, for a total transaction of $238,380.80. Following the sale, the chief financial officer now owns 7,802 shares of the company’s stock, valued at $1,188,400.64. This trade represents a 16.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter W. Getsinger sold 5,000 shares of Argan stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $145.03, for a total value of $725,150.00. Following the completion of the transaction, the director now owns 11,496 shares in the company, valued at $1,667,264.88. This trade represents a 30.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,857 shares of company stock worth $1,308,133. Corporate insiders own 6.69% of the company’s stock.

Institutional Trading of Argan

Several hedge funds have recently modified their holdings of AGX. NewEdge Advisors LLC raised its stake in shares of Argan by 118.3% during the 1st quarter. NewEdge Advisors LLC now owns 5,316 shares of the construction company’s stock worth $697,000 after acquiring an additional 2,881 shares in the last quarter. Intech Investment Management LLC boosted its stake in Argan by 37.3% in the first quarter. Intech Investment Management LLC now owns 8,985 shares of the construction company’s stock valued at $1,179,000 after acquiring an additional 2,442 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 purchasing an additional 4,196 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Argan by 12.2% during the first 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. 79.43% of the stock is owned by hedge funds and other institutional investors.

Argan Company Profile

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market. The company operates through Power Services, Industrial Services, and Telecom Services segments. The Power Services segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 18 gigawatts of power-generating capacity.