Argan, Inc. (NYSE: AGX - Get Free Report)'s stock price rose 7.1% during trading on Friday. The company traded as high as $440.86 and last traded at $443.4820. Approximately 13,036 shares changed hands during trading, a decline of 97% from the average daily volume of 399,445 shares. The stock had previously closed at $414.12. Analysts
AI is driving the need for large-scale energy projects. Argan stock has quietly gained 177% in the last year, and 940% over the past three years.
Argan (AGX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Shares of Argan, Inc. AGX have surged 49% in the past six months, well above the Zacks Building Products - Miscellaneous industry's 18.2% growth. The stock has further outperformed the broader Construction sector and the S&P 500, which have advanced 12.4% and 14.3%, respectively, in the same period.
Tariffs, inflation and housing headwinds weigh on the industry. Yet, AWI, IBP, AGX, FTDR and ROCK look primed to benefit from infrastructure and innovation tailwinds.
Argan (AGX) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Hong Kong-based Alpine Investment Management added 60,000 shares of Argan in the third quarter. The shares were worth about $16.20 million as of September 30.
Argan (AGX) could produce exceptional returns because of its solid growth attributes.
Top 10 Quant picks for 2025 far outperformed the S&P 500. Market volatility in 2025 was driven by trade wars, sector rotations, and sentiment shifts, but fundamentals ultimately prevailed.
Argan, Inc. (AGX) is well-positioned to capitalize on surging power demand from AI, data centers, EVs, and reshoring trends. AGX boasts a $3B backlog, strong pricing power, and limited competition, supporting robust revenue and margin growth over the next 12–18 months. Despite a recent revenue dip from project timing, AGX's margin expansion and disciplined project selection underpin a buy rating.
Argan, Inc. remains a buy, driven by a $3 billion backlog, accelerating power investment cycle, and robust balance sheet. AGX's Q3 2026 results show resilient margins and earnings despite a temporary revenue dip from project timing, not demand weakness. Backlog quality is high, anchored by large gas projects supporting multi-year revenue visibility and sustainable margin expansion.
Q3 FY26 saw a 2.3% revenue decline as AGX's core segment faces temporary revenue softness due to project timing, but EBITDA margin expanded 140 bps year-on-year to 16%. A record $3B backlog and strong order flow position topline growth to re-accelerate as major projects ramp in FY26–FY27. Margin outlook remains solid, supported by disciplined execution and a mix of profitable contracts.