Argan (NYSE:AGX) Price Target Raised to $375.00

Argan (NYSE:AGX) had its price objective increased by Lake Street Capital from $325.00 to $375.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a hold rating on the construction company’s stock.

A number of other brokerages have also recently commented on AGX. Weiss Ratings reiterated a “buy (b+)” rating on shares of Argan in a research report on Wednesday, December 24th. Zacks Research cut Argan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Freedom Capital upgraded Argan to a “hold” rating in a report on Tuesday, March 10th. 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 research note on Friday. Finally, CJS Securities upgraded Argan to a “hold” rating in a report on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $425.40.

Argan Price Performance

Shares of NYSE AGX opened at $566.87 on Friday. The stock has a market capitalization of $7.91 billion, a P/E ratio of 58.20 and a beta of 0.57. Argan has a one year low of $111.16 and a one year high of $579.00. The firm’s 50 day simple moving average is $419.90 and its two-hundred day simple moving average is $348.70.

Argan (NYSE:AGX) last announced its quarterly earnings data on Thursday, March 26th. The construction company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $1.48. Argan had a net margin of 14.59% and a return on equity of 33.62%. The firm had revenue of $262.05 million during the quarter, compared to analyst estimates of $255.32 million. During the same period in the previous year, the business posted $2.22 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis.

Insider Activity

In other Argan news, Director Peter W. Getsinger sold 6,595 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $313.71, for a total transaction of $2,068,917.45. Following the completion of the sale, the director owned 7,847 shares of the company’s stock, valued at $2,461,682.37. This represents a 45.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cynthia Flanders sold 19,000 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $386.70, for a total transaction of $7,347,300.00. Following the completion of the sale, the director directly owned 26,207 shares in the company, valued at approximately $10,134,246.90. This trade represents a 42.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,715 shares of company stock worth $19,787,260. 6.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Argan

Several large investors have recently modified their holdings of AGX. Millennium Management LLC increased its holdings in Argan by 12.2% during the 1st quarter. Millennium Management LLC now owns 117,805 shares of the construction company’s stock valued at $15,452,000 after purchasing an additional 12,854 shares during the period. NewEdge Advisors LLC raised its position in Argan by 118.3% during the 1st quarter. NewEdge Advisors LLC now owns 5,316 shares of the construction company’s stock valued at $697,000 after purchasing an additional 2,881 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Argan by 13.4% in the 1st 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 buying an additional 4,196 shares during the period. Intech Investment Management LLC lifted its holdings in Argan by 37.3% in the 1st quarter. Intech Investment Management LLC now owns 8,985 shares of the construction company’s stock worth $1,179,000 after buying an additional 2,442 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Argan by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 16,184 shares of the construction company’s stock worth $3,568,000 after buying an additional 245 shares during the last quarter. 79.43% of the stock is owned by institutional investors.

More Argan News

Here are the key news stories impacting Argan this week:

• Positive Sentiment: Q4 results materially beat expectations — EPS $3.47 vs. consensus ~ $1.99 and revenue $262.1M, with year-over-year revenue growth. The beat improves near-term earnings visibility and drove initial buying interest. Business Wire: Q4 Results
• Positive Sentiment: Backlog expansion — backlog grew to roughly $2.9 billion, and commentary pointed to strong FY27 backlog/visibility, supporting revenue runway beyond the quarter. Yahoo Finance: Backlog Growth
• Positive Sentiment: Analysts are revising models upward — multiple firms raised forecasts and price targets after the report, reflecting improved earnings and backlog visibility. That institutional support is reinforcing the rally. Benzinga: Analysts Raise Forecasts
• Positive Sentiment: Major upgrades — JPMorgan upgraded AGX to overweight with a $550 target, and Goldman Sachs boosted its target and repeated a Buy rating; such blue‑chip broker support tends to attract momentum flows. Benzinga: Upgrades
• Neutral Sentiment: Investors have access to the full earnings materials (call transcript and slide deck) to dig into segment dynamics, margins and guidance—useful for modeling but not a directional headline by itself. Slide Deck
• Neutral Sentiment: Technical/flow factors — trading volume spiked well above average, which amplifies moves but can also drive short-term volatility; consider liquidity and position sizing. (Market trading data referenced in filings and market summaries.)
• Negative Sentiment: Some targets and notes still imply caution — Lake Street left a Hold rating and raised its target only to $375, and a couple of published targets sit below the current market price, signaling that some analysts view valuation as extended. Benzinga: Price Target Moves
• Negative Sentiment: Valuation/earnings multiple — AGX now trades at a relatively high P/E versus its historical range, which could leave shares vulnerable to profit-taking if future quarters don’t sustain the upside. (See company and market summaries for current multiples.)

About Argan

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.