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 |
| Vol | 222.30K |
| As of | 25 Sep 2026 |
The Verdict
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/E | 28.73x |
| Forward P/E | 22.45x |
| EV / EBITDA | 22.12x |
| P / S (ttm) | 4.30x |
| Profit margin | 15.1% |
| Return on equity | 39.8% |
| Revenue growth | +61.5% |
| Earnings growth | +50.4% |
| Debt / equity | 2.15 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 1.64 |
|---|---|
| Corr SPX | 0.36 |
| Annual vol | 72.4% |
| Annual ret | +92.2% |
| Sharpe | 1.27 |
| 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 |
| Analysts | 5 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 1 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-03-27 | Lake Street | → Hold |
| 2026-03-27 | JP Morgan | → Overweight |
| 2026-03-27 | Goldman Sachs | → Buy |
| 2026-03-10 | Freedom Broker | → Hold |
| 2025-12-05 | Lake Street | → Hold |
| 2025-12-01 | JP Morgan | → Neutral |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-04 | Other Material Event, Exhibits | read |
| 2026-06-10 | Shareholder Vote, Other Material Event… | read |
| 2026-06-04 | Earnings Release, Exhibits | read |
| 2026-04-08 | Other Material Event, Exhibits | read |
| 2026-03-26 | Earnings Release, Exhibits | read |
| 2025-12-11 | Other Material Event, Exhibits | read |
| 2025-12-04 | Earnings Release, Exhibits | read |
| 2025-11-07 | Other Material Event | read |
| 2025-10-30 | Other Material Event, Exhibits | read |
| 2025-09-10 | Other Material Event, Exhibits | read |
| 2025-09-04 | Earnings Release, Exhibits | read |
| 2025-07-28 | Other Material Event, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-31 | Jeffrey John Ronald Jr. | Director | Sell | 5.72K | $3.31M |
| 2026-06-30 | Jeffrey John Ronald Jr. | Director | Option exercise | 944 | $41.25K |
| 2026-06-30 | Jeffrey John Ronald Jr. | Director | Option exercise | 4.77K | $170.46K |
| 2026-06-22 | Griffin William F Jr | Director | Sell | 20.00K | $15.21M |
| 2026-06-18 | Griffin William F Jr | Director | Sell | 30.00K | $21.78M |
| 2026-06-17 | Baugher Joshua Scott | Officer, Chief Financial | Sell | 455 | $333.44K |
| 2026-06-17 | Baugher Joshua Scott | Officer, Chief Financial | Sell | 305 | $223.87K |
| 2026-06-17 | Sweeney Karen | Director | Sell | 300 | $211.50K |
| 2026-06-17 | Baugher Joshua Scott | Officer, Chief Financial | Option exercise | 455 | $27.86K |
| 2026-06-17 | Getsinger Peter W | Director | Sell | 2.00K | $1.40M |
Flow & Concentration
| Insider 180d net | -$87.55M |
|---|---|
| Insider buys / sells | 0 / 12 |
| Insider bias | Sellers |
| 13F holders | 9 |
| Top-5 share | 92.6% |
| HHI | 2,543 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Renaissance Technologies | $517.76M | 648.38K |
| State Street Corp | $434.57M | 544.20K |
| Citadel Advisors | $138.67M | 173.66K |
| Capital Research / Capital World | $125.26M | 156.86K |
| Fidelity / FMR LLC | $89.36M | 111.91K |
| AQR Capital Management | $70.39M | 88.15K |
| Millennium Management | $25.34M | 31.73K |
| Bridgewater Associates | $8.03M | 10.05K |
| T. Rowe Price Group | $335.48K | 420.10K |
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
The Long Run
FY 2011–2026 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $363.40 | $366.84 | $361.01 | $364.29 | 222.30K |
| Sep 24 | $367.09 | $374.88 | $360.99 | $361.06 | 423.60K |
| Sep 23 | $370.20 | $378.76 | $362.47 | $374.40 | 251.70K |
| Sep 22 | $383.63 | $385.00 | $369.90 | $371.25 | 431.80K |
| Sep 21 | $396.18 | $396.18 | $378.63 | $380.12 | 872.40K |
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