Geode Capital Management LLC Has $125.46 Million Holdings in Argan, Inc. $AGX

Geode Capital Management LLC lifted its holdings in Argan, Inc. (NYSE:AGX) by 25.1% during the 4th quarter, HoldingsChannel reports. The fund owned 400,379 shares of the construction company’s stock after acquiring an additional 80,415 shares during the quarter. Geode Capital Management LLC’s holdings in Argan were worth $125,462,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Argan in the third quarter valued at about $25,000. Danske Bank A S acquired a new position in shares of Argan in the third quarter valued at about $27,000. Montag A & Associates Inc. acquired a new position in shares of Argan in the fourth quarter valued at about $30,000. Accredited Wealth Management LLC acquired a new position in shares of Argan in the third quarter valued at about $32,000. Finally, USA Financial Formulas acquired a new position in shares of Argan in the fourth quarter valued at about $40,000. 79.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AGX shares. The Goldman Sachs Group upped their price target on shares of Argan from $399.00 to $518.00 and gave the company a “buy” rating in a research note on Friday, March 27th. JPMorgan Chase & Co. upgraded shares of Argan from a “neutral” rating to an “overweight” rating and set a $550.00 price target on the stock in a research note on Friday, March 27th. Weiss Ratings restated a “buy (b)” rating on shares of Argan in a research note on Monday, April 6th. Freedom Capital upgraded shares of Argan to a “hold” rating in a research note on Tuesday, March 10th. Finally, Zacks Research downgraded shares of Argan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $425.40.

Argan Stock Up 0.5%

Shares of Argan stock opened at $689.63 on Friday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 70.80 and a beta of 0.58. Argan, Inc. has a 12-month low of $193.82 and a 12-month high of $748.50. The firm’s 50-day moving average price is $631.10 and its two-hundred day moving average price is $466.66.

Argan (NYSE:AGX) last announced its quarterly earnings data on Thursday, June 4th. The construction company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.97. The firm had revenue of $290.95 million for the quarter, compared to the consensus estimate of $256.03 million. Argan had a net margin of 14.59% and a return on equity of 33.62%. The business’s revenue for the quarter was up 50.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. On average, sell-side analysts expect that Argan, Inc. will post 11.44 earnings per share for the current year.

Argan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, April 22nd. Argan’s dividend payout ratio is presently 20.53%.

Argan declared that its board has approved a share repurchase program on Wednesday, April 8th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other Argan news, Director Alexander Lisa Larroque sold 350 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $630.58, for a total transaction of $220,703.00. Following the sale, the director directly owned 350 shares in the company, valued at $220,703. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Ronald Jr. Jeffrey sold 2,698 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $664.84, for a total transaction of $1,793,738.32. Following the sale, the director owned 2,000 shares in the company, valued at $1,329,680. The trade was a 57.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 64,543 shares of company stock valued at $39,054,956. Company insiders own 6.69% of the company’s stock.

Key Argan News

Here are the key news stories impacting Argan this week:

• Positive Sentiment: Argan beat expectations with EPS of $3.24 versus $2.27 expected, while revenue rose to $290.95 million, topping estimates and jumping 50.2% year over year. The results reinforce the company’s momentum in power infrastructure construction. Argan, Inc. Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Management said it expects to add new projects over the next 10 to 18 months, supporting confidence in future growth and backlog conversion. Argan anticipates adding new projects over the next 10 to 18 months while buyback authorization rises to $200M
• Positive Sentiment: The board expanded the share repurchase authorization to $200 million, adding another capital-return catalyst alongside the company’s dividend and potentially supporting the stock. Argan anticipates adding new projects over the next 10 to 18 months while buyback authorization rises to $200M
• Neutral Sentiment: Earnings-call coverage highlighted record revenue growth and strategic expansion, but these items largely reinforce the already-reported quarterly beat rather than add a new surprise. Argan Inc (AGX) Q1 2027 Earnings Call Highlights

Argan Profile

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.