Argan (NYSE:AGX) Lowered to Hold Rating by Wall Street Zen

23 Aug 2026, 06:12 by Tristan Rich · The Markets Daily

Wall Street Zen downgraded shares of Argan (NYSE:AGX – Free Report) from a buy rating to a hold rating in a research note released on Saturday morning.

AGX has been the topic of a number of other reports. Zacks Research cut shares of Argan from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Lake Street Capital lifted their price target on shares of Argan from $375.00 to $600.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Finally, Weiss Ratings lowered shares of Argan from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $470.40.

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Argan Trading Down 2.4%

AGX opened at $504.36 on Friday. The stock has a market capitalization of $7.07 billion, a P/E ratio of 44.32 and a beta of 0.61. The stock has a 50-day moving average price of $633.25 and a 200-day moving average price of $579.65. Argan has a 12-month low of $197.00 and a 12-month high of $805.75.

Argan (NYSE:AGX – Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The construction company reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.93. The company had revenue of $290.95 million for the quarter, compared to analysts’ expectations of $256.03 million. Argan had a return on equity of 36.89% and a net margin of 15.48%.Argan’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period last year, the firm posted $1.60 EPS. On average, equities research analysts predict that Argan will post 12.6 EPS for the current year.

Argan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd were issued a $0.50 dividend. The ex-dividend date was Thursday, July 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.4%. Argan’s payout ratio is currently 17.57%.

Insider Buying and Selling

In other news, Director John Ronald Jr. Jeffrey sold 5,716 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $579.64, for a total value of $3,313,222.24. Following the completion of the sale, the director owned 2,533 shares of the company’s stock, valued at approximately $1,468,228.12. The trade was a 69.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman William F. Griffin, Jr. sold 20,000 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $760.43, for a total value of $15,208,600.00. Following the sale, the chairman owned 40,976 shares of the company’s stock, valued at $31,159,379.68. This represents a 32.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 127,973 shares of company stock worth $87,554,828 in the last 90 days. 2.99% of the stock is currently owned by company insiders.

Institutional Trading of Argan

A number of institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in shares of Argan in the first quarter worth approximately $25,000. Public Employees Retirement System of Ohio purchased a new stake in Argan during the 2nd quarter valued at $38,000. SJS Investment Consulting Inc. boosted its position in Argan by 2,950.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 61 shares of the construction company’s stock valued at $33,000 after buying an additional 59 shares during the period. Plato Investment Management Ltd bought a new stake in Argan in the 2nd quarter worth $52,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in Argan in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Argan Company Profile

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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.