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NYSE:AGX

Argan (AGX) Stock Price, News & Analysis

Argan logo
$158.63 +4.55 (+2.95%)
(As of 11/22/2024 ET)

About Argan Stock (NYSE:AGX)

Key Stats

Today's Range
$155.00
$159.40
50-Day Range
$88.55
$157.84
52-Week Range
$39.74
$162.78
Volume
209,282 shs
Average Volume
172,265 shs
Market Capitalization
$2.14 billion
P/E Ratio
49.88
Dividend Yield
0.95%
Price Target
$85.00
Consensus Rating
Buy

Company Overview

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. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and other commercial firms. The Industrial Services segment provides industrial construction and field services and vessel fabrication services for fertilizer, engineering and construction, forest products, and various other industrial companies in southeast region of the United States. The Telecom Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves electricity cooperative, state and local government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as federal government facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.

Argan Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
49th Percentile Overall Score

AGX MarketRank™: 

Argan scored higher than 49% of companies evaluated by MarketBeat, and ranked 78th out of 101 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Argan has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Argan has received no research coverage in the past 90 days.

  • Read more about Argan's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Argan is 49.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Argan is 49.88, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 30.66.

  • Price to Book Value per Share Ratio

    Argan has a P/B Ratio of 7.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Argan's valuation and earnings.
  • Percentage of Shares Shorted

    3.14% of the float of Argan has been sold short.
  • Short Interest Ratio / Days to Cover

    Argan has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Argan has recently increased by 4.29%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Argan pays a meaningful dividend of 1.07%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Argan does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Argan is 47.17%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Argan's dividend.
  • Percentage of Shares Shorted

    3.14% of the float of Argan has been sold short.
  • Short Interest Ratio / Days to Cover

    Argan has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Argan has recently increased by 4.29%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Argan has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Construction companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Argan this week, compared to 4 articles on an average week.
  • Search Interest

    23 people have searched for AGX on MarketBeat in the last 30 days. This is an increase of 44% compared to the previous 30 days.
  • MarketBeat Follows

    16 people have added Argan to their MarketBeat watchlist in the last 30 days. This is an increase of 433% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Argan insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,257,794.00 in company stock.

  • Percentage Held by Insiders

    11.85% of the stock of Argan is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    79.43% of the stock of Argan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Argan's insider trading history.
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AGX Stock News Headlines

Argan (NYSE:AGX) Shares Gap Down - Time to Sell?
Analysts Think Argan May Have Peaked
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Argan Inc (AGX) Shares Up 6.69% on Oct 16
See More Headlines

AGX Stock Analysis - Frequently Asked Questions

Argan's stock was trading at $46.79 on January 1st, 2024. Since then, AGX stock has increased by 239.0% and is now trading at $158.63.
View the best growth stocks for 2024 here
.

Argan, Inc. (NYSE:AGX) posted its earnings results on Thursday, September, 5th. The construction company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.34. The company's quarterly revenue was up 60.6% on a year-over-year basis.

Argan's top institutional shareholders include Wellington Management Group LLP (6.75%), River Road Asset Management LLC (5.25%), State Street Corp (2.62%) and Geode Capital Management LLC (2.13%). Insiders that own company stock include Rainer H Bosselmann, William F Griffin Jr, James W Quinn, David Hibbert Watson, William F Leimkuhler, Cynthia Flanders, Peter W Getsinger, Richard H Deily, John Ronald Jr Jeffrey, Mano S Koilpillai and W G Champion Mitchell.
View institutional ownership trends
.

Shares of AGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Argan investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Arista Networks (ANET), Advanced Micro Devices (AMD) and ServiceNow (NOW).

Company Calendar

Last Earnings
9/05/2024
Ex-Dividend for 10/31 Dividend
10/23/2024
Dividend Payable
10/31/2024
Today
11/22/2024
Next Earnings (Confirmed)
12/05/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Construction - special trade contractors
Sub-Industry
Construction & Engineering
CUSIP
04010E10
Employees
1,214
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$85.00
High Stock Price Target
$85.00
Low Stock Price Target
$85.00
Potential Upside/Downside
-46.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$32.36 million
Pretax Margin
9.00%

Debt

Sales & Book Value

Annual Sales
$713.01 million
Cash Flow
$2.78 per share
Book Value
$21.83 per share

Miscellaneous

Free Float
11,900,000
Market Cap
$2.14 billion
Optionable
Optionable
Beta
0.49

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This page (NYSE:AGX) was last updated on 11/23/2024 by MarketBeat.com Staff
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