Inside the research

Argan, Inc.

AGX Research profile · latest available data

Price overview

$364.29

▲ +3.23 (+0.9%)

52w hi$797.90
52w lo$254.93
Vol222.30K
As of25 Sep 2026

The Verdict

Hold

Our score -0.22

Short-0.46
Medium-0.26
Long+0.33

computed 2026-09-27

Key fundamentals

Argan, Inc.

Industrials · Engineering & Construction

Market cap$5.11B
Enterprise value$4.09B
Trailing P/E28.73x
Forward P/E22.45x
EV / EBITDA22.12x
P / S (ttm)4.30x
Profit margin15.1%
Return on equity39.8%
Revenue growth+61.5%
Earnings growth+50.4%
Debt / equity2.15

Layer Breakdown

LayerRawContribution
Fundamental+0.43
Sector-0.01
Technical-0.34
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom. It operates through three segments: Power, Industrial, and Teledata. Its Power segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects; and design, construction, project management, start-up, and operation, as well as provides technical consulting services; and turbine, boiler, and large rotating equipment. This segment serves independent power producers, public utilities, power plant equipment suppliers, and other commercial firms. The company's Industrial segment provides field services that support new plant construction and additions; maintenance turnarounds; shutdowns and emergency mobilizations for industrial plants; and fabricates, delivers, and installation of metal components, such as piping systems and pressure vessels. Its Teledata segment offers trenchless directional boring and excavation for underground communication and power networks; aerial cabling; high and low voltage electric lines; and private area outdoor lighting systems, as well as installs buried cable. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks; and utility construction services and comprehensive technology wiring solutions. This segment serves electricity cooperative, state and federal government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as customers in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Arlington, Virginia.

United States · www.arganinc.com

Risk Metrics

Beta vs SPX1.64
Corr SPX0.36
Annual vol72.4%
Annual ret+92.2%
Sharpe1.27
Max DD-54.8%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$473.20
High / Low$550.00 / $375.00
Median$518.00
Analysts5
Strong Buy1
Buy1
Hold3
Sell0
Strong Sell0

Recent rating actions

2026-03-27Lake Street→ Hold
2026-03-27JP Morgan→ Overweight
2026-03-27Goldman Sachs→ Buy
2026-03-10Freedom Broker→ Hold
2025-12-05Lake Street→ Hold
2025-12-01JP Morgan→ Neutral

Material Events

DateEvent8-K
2026-08-04Other Material Event, Exhibitsread
2026-06-10Shareholder Vote, Other Material Event…read
2026-06-04Earnings Release, Exhibitsread
2026-04-08Other Material Event, Exhibitsread
2026-03-26Earnings Release, Exhibitsread
2025-12-11Other Material Event, Exhibitsread
2025-12-04Earnings Release, Exhibitsread
2025-11-07Other Material Eventread
2025-10-30Other Material Event, Exhibitsread
2025-09-10Other Material Event, Exhibitsread
2025-09-04Earnings Release, Exhibitsread
2025-07-28Other Material Event, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-07-31Jeffrey John Ronald Jr.DirectorSell5.72K$3.31M
2026-06-30Jeffrey John Ronald Jr.DirectorOption exercise944$41.25K
2026-06-30Jeffrey John Ronald Jr.DirectorOption exercise4.77K$170.46K
2026-06-22Griffin William F JrDirectorSell20.00K$15.21M
2026-06-18Griffin William F JrDirectorSell30.00K$21.78M
2026-06-17Baugher Joshua ScottOfficer, Chief Financial Sell455$333.44K
2026-06-17Baugher Joshua ScottOfficer, Chief Financial Sell305$223.87K
2026-06-17Sweeney KarenDirectorSell300$211.50K
2026-06-17Baugher Joshua ScottOfficer, Chief Financial Option exercise455$27.86K
2026-06-17Getsinger Peter WDirectorSell2.00K$1.40M

Flow & Concentration

Insider 180d net-$87.55M
Insider buys / sells0 / 12
Insider biasSellers
13F holders9
Top-5 share92.6%
HHI2,543 (concentrated)

Top Holders

HolderValueShares
Renaissance Technologies$517.76M648.38K
State Street Corp$434.57M544.20K
Citadel Advisors$138.67M173.66K
Capital Research / Capital World$125.26M156.86K
Fidelity / FMR LLC$89.36M111.91K
AQR Capital Management$70.39M88.15K
Millennium Management$25.34M31.73K
Bridgewater Associates$8.03M10.05K
T. Rowe Price Group$335.48K420.10K

As of 2026-06-30

Dividends

Yield (TTM)0.41%
$ / share (TTM)$1.50
5y CAGR-12.9%

Annual dividend per share

2021$0.75
2022$1.00
2023$1.05
2024$1.27
2025$1.62
2026$1.00

SEC Filings

DateFormDoc
2026-08-048-Kview
2026-08-044view
2026-07-024view
2026-06-234view
2026-06-184view
2026-06-174view
2026-06-174view
2026-06-164view
2026-06-164view
2026-06-164view
2026-06-124view
2026-06-124view
2026-06-124view
2026-06-124view
2026-06-124view

The Long Run

FY 2011–2026 · 15 years

LineLatestCAGRTrend
Revenue$573.33M+25.6%
Gross profit$193.68M+15.7%
Operating income$88.19M+16.6%
Net income$137.77M+25.2%
Cash from ops$167.58M+11.4%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$363.40$366.84$361.01$364.29222.30K
Sep 24$367.09$374.88$360.99$361.06423.60K
Sep 23$370.20$378.76$362.47$374.40251.70K
Sep 22$383.63$385.00$369.90$371.25431.80K
Sep 21$396.18$396.18$378.63$380.12872.40K

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