Lake Street Capital Issues Positive Forecast for Argan (NYSE:AGX) Stock Price

Argan (NYSE:AGX) had its price target boosted by Lake Street Capital from $325.00 to $375.00 in a report released on Friday,Benzinga reports. The firm currently has a hold rating on the construction company’s stock.

A number of other analysts also recently issued reports on the stock. CJS Securities raised shares of Argan to a “hold” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “buy (b+)” rating on shares of Argan in a research note on Wednesday, December 24th. Zacks Research downgraded Argan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upgraded Argan from a “neutral” rating to an “overweight” rating and set a $550.00 price objective for the company in a report on Friday. Finally, Freedom Capital raised shares of Argan to a “hold” rating in a research note on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $425.40.

Argan Price Performance

Shares of AGX opened at $566.87 on Friday. Argan has a 1-year low of $111.16 and a 1-year high of $579.00. The company has a market capitalization of $7.86 billion, a P/E ratio of 58.20 and a beta of 0.57. The firm’s 50 day simple moving average is $419.90 and its 200 day simple moving average is $346.94.

Argan (NYSE:AGX) last released its quarterly earnings results on Thursday, March 26th. The construction company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $1.48. The business had revenue of $262.05 million during the quarter, compared to analysts’ expectations of $255.32 million. Argan had a net margin of 14.59% and a return on equity of 35.12%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.22 EPS.

Insider Activity

In other news, Director Peter W. Getsinger sold 6,595 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 7,847 shares of the company’s stock, valued at approximately $2,461,682.37. This represents a 45.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Ronald Jr. Jeffrey sold 5,000 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $360.78, for a total transaction of $1,803,900.00. Following the sale, the director owned 8,192 shares of the company’s stock, valued at approximately $2,955,509.76. This represents a 37.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 54,715 shares of company stock valued at $19,787,260. 6.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Argan

Several institutional investors and hedge funds have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new stake in shares of Argan in the 3rd quarter worth approximately $25,000. Danske Bank A S bought a new position in shares of Argan during the third quarter valued at approximately $27,000. Montag A & Associates Inc. purchased a new stake in Argan in the fourth quarter worth $30,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Argan in the fourth quarter worth $30,000. Finally, Hilton Head Capital Partners LLC bought a new stake in Argan in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Trending Headlines about Argan

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.