Argan, Inc. (AGX) Stock Price & Analysis
Argan, Inc. (AGX) closed at USD 330.3 on Thursday, October 22, 2026, down 4.30% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 330.3; the Oct 22, 2026 session ranged USD 322.57–334.64 on volume of 381,997 shares. Market capitalization is —, with a 52-week range of USD 267.57–805.75 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AGX.md
Key facts (AGX)
- Last four reported quarters (through Jul 31, 2026): revenue $1.19B, net income $179M (15.1% margin), free cash flow $546M (SEC filings).
- 2 of 80 tracked superinvestors hold AGX (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 17 Form 4 filings, $123M; 17 not under a Rule 10b5-1 plan ($123M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +20.2% vs S&P 500 +14.9%; 5Y +712.4% vs S&P 500 +80.3%.
- Next earnings: 2026-09-02, EPS estimate USD 3.17, revenue estimate $359M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AGX)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $509M | $455M | $573M | $874M | $945M | $1.19B |
| Gross profit | $99.7M | $86.4M | $80.8M | $141M | $194M | — |
| Operating income | $44.5M | $41.7M | $36.5M | $88.2M | $135M | $183M |
| Net income | $38.2M | $33.1M | $32.4M | $85.5M | $138M | $179M |
| EPS (diluted) | $2.40 | $2.33 | $2.39 | $6.15 | $9.74 | — |
| Free cash flow | $27.0M | -$33.4M | $114M | $161M | $411M | $546M |
| Gross margin | 19.6% | 19.0% | 14.1% | 16.1% | 20.5% | — |
| Operating margin | 8.7% | 9.2% | 6.4% | 10.1% | 14.3% | 15.4% |
| Net margin | 7.5% | 7.3% | 5.6% | 9.8% | 14.6% | 15.1% |
| Revenue growth | +29.9% | -10.7% | +26.0% | +52.5% | +8.1% | — |
| Cash + short-term investments | $350M | $325M | $307M | $298M | $491M | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (AGX)
P/E at fiscal year-ends: Jan 2026 35.6x, Jan 2025 22.3x, Jan 2024 18.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (AGX)
2 of 80 tracked investors hold AGX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Stephen Mandel | Lone Pine Capital | 1.80% | $294M | Reduced -6.2% |
| Polen Capital | Polen Capital Management | 0.07% | $8.2M | Reduced -43.2% |
Insider sales (SEC Form 4, open-market, last ~7 months) (AGX)
0 of 17 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-31 | Jeffrey John Ronald Jr. | Director | 5,716 | $3.3M | 35.2% | No | Too little history (no open-market trades in 2023) |
| 2026-06-18…2026-06-22 | Griffin William F Jr | Director | 50,000 | $37.0M | 55% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-06-17 | Baugher Joshua Scott | Chief Financial Officer | 760 | $557K | 33.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-17 | Sweeney Karen | Director | 300 | $212K | 16.2% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-16…2026-06-17 | Getsinger Peter W | Director | 6,728 | $4.7M | 56% | No | Too little history (no open-market trades in 2023) |
| 2026-06-15…2026-06-16 | Watson David Hibbert | PRESIDENT AND CEO | 11,873 | $7.8M | 22.9% | No | Too little history (no open-market trades in 2023) |
| 2026-06-15 | Flanders Cynthia | Director | 2,596 | $1.7M | 10.1% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-12 | Griffin William F Jr | Director | 50,000 | $32.2M | 35.5% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-04-29 | Getsinger Peter W | Director | 3,000 | $1.9M | 30.8% | No | Too little history (no open-market trades in 2023) |
| 2026-04-29 | Larroque Alexander Lisa | Director | 350 | $221K | 50% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-28 | Leimkuhler William F. | Director | 5,800 | $3.6M | 13.4% | No | Too little history (no open-market trades in 2023) |
| 2026-04-27 | Jeffrey John Ronald Jr. | Director | 2,698 | $1.8M | 21.2% | No | Too little history (no open-market trades in 2023) |
| 2026-04-20…2026-04-21 | Collins Charles Edwin Iv | CHIEF EXECUTIVE OFFICER, GEMMA | 13,568 | $8.4M | 30.9% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-21 | Jeffrey John Ronald Jr. | Director | 3,636 | $2.2M | 22.3% | No | Too little history (no open-market trades in 2023) |
| 2026-04-17 | Watson David Hibbert | PRESIDENT AND CEO | 19,310 | $11.6M | 27.9% | No | Too little history (no open-market trades in 2023) |
| 2026-04-16 | Baugher Joshua Scott | Chief Financial Officer | 600 | $363K | 25.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-13 | Leimkuhler William F. | Director | 8,444 | $5.1M | 16.9% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (AGX)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | JP Morgan | Target lowered | Overweight | $800 → $785 |
| 2026-09-09 | Piper Sandler | Initiated | Underweight | $273 |
| 2026-09-03 | Lake Street | Upgrade | Hold → Buy | $600 |
Total return (dividends reinvested) (AGX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +20.2% | +712.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +20.3% | +51.9% |
| Volatility (annualized) | 74.9% | 47.3% |
| Max drawdown | -58.5% (Jun 2026→Oct 2026) | -56.7% (Jun 2026→Oct 2026) |
AGX revenue by business segment (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Power Industry Services | $301.2M | 78.4% | +52.9% |
| Industrial Construction Services | $76.2M | 19.8% | +111.2% |
| Telecommunications Infrastructure Services | $6.6M | 1.7% | +39.5% |
| Total revenue | $384.0M | 100% | — |
AGX revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $323.6M | 84.3% | +51.1% |
| Ireland | $42.8M | 11.1% | +148.0% |
| United Kingdom | $17.6M | 4.6% | +178.7% |
| Total revenue | $384.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AGX company outlook (results filed Sep 2, 2026)
- “This is an exciting time for Argan and we remain focused on capturing the right projects with the right partners in the right geographies." Second Quarter Results Consolidated revenues for the quarter ended July 31, 2026, were $384.0 million, an increase of $146.2 milli on, or 61.5%, from consolidated revenues of $237.7 million reported for the comparable prior-year quarter.”
- “As of July 31, 2026, consolidated project backlog was approximately $2.5 billion, as compared to approximately $2.9 billion at January 31, 2026.”
Quoted word-for-word from the SEC 8-K results press release.
AGX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $3.17 | $3.02 | +4.9% | $358.8M | 5 |
| Next quarter (ends Jan 2027) | $3.20 | $3.33 | -3.9% | $367.3M | 5 |
| Current fiscal year (ends Jan 2027) | $13.27 | $12.24 | +8.4% | $1.40B | 5 |
| Next fiscal year (ends Jan 2028) | $16.11 | $16.25 | -0.9% | $1.69B | 5 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 330.3 |
|---|---|
| Change | ▼ 4.30% (down) |
| Previous Close | USD 330.3 |
| Open | USD 330.3 |
| Day Range | USD 322.57 – 334.64 |
| 52-Week Range | USD 267.57 – 805.75 |
| Volume | 381,997 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (AGX)
Nexqual's technical model rates AGX "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 31.58 (neutral) |
| vs SMA50 | Below (USD 414.19) |
| MACD | -19.54 (negative) |
Earnings (AGX)
| Next Earnings Date | 2026-09-02 |
|---|---|
| EPS Estimate | USD 3.17 |
| Revenue Estimate | $358.78M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 3.76 vs est 2.66 ▲ beat |
| 2026-04-30 | USD 3.24 vs est 2.33 ▲ beat |
| 2026-01-31 | USD 3.47 vs est 1.98 ▲ beat |
| 2025-10-31 | USD 2.17 vs est 2.1 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (AGX)
| Total Revenue | $1.19B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +61.50% |
| Gross Margin | +20.71% |
| Operating Margin | +14.79% |
| Profit Margin | +15.09% |
| ROE | +39.85% |
| Debt / Equity | 0.02 |
| Current Ratio | 1.5 |
| Total Cash | $1.03B |
| Total Debt | $10.91M |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (AGX)
| Insider Ownership | +4.11% |
|---|---|
| Institutional Ownership | +112.18% |
| Shares Outstanding | 14.03M |
| Float | 13.78M |
| Short % of Float | +9.01% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Argan, Inc.'s Latest SEC 10-K Filing (filed 2026-03-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Together, these segments enable us to serve a wide range of client needs across power generation, industrial construction, and teledata infrastructure, establishing our presence as a diversified provider in the construction and engineering sectors.
Partnerships
- Many of these customers are large multinational organizations with significant global operations and capital investment programs.
Legal & Regulatory Risks (Item 1A, quoted)
- We are required to comply with environmental laws and regulations that may add unforeseen costs to our businesses.
- Changes in U.S. trade policy, including the imposition of tariffs, could increase our costs, disrupt supply chains, and reduce demand for construction projects.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ROAD | Construction Partners, Inc. | USD 83.93 | ▼ 1.19% |
| GVA | Granite Construction Incorporat | USD 107.45 | ▼ 2.08% |
| KBR | KBR, Inc. | USD 39.53 | ▲ 5.95% |
| ECG | Everus Construction Group, Inc. | USD 97.05 | ▼ 8.44% |
| TPC | Tutor Perini Corporation | USD 76.88 | ▼ 4.09% |
| FLR | Fluor Corporation | USD 43.42 | ▼ 6.44% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
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