Argan (NYSE:AGX) Stock

Argan

Argan, Inc.

AMEX

Argan Inc is a United States-base construction firm that conducts operations through its wholly-owned subsidiaries, GPS, APC, TRC and SMC. Through GPS and APC it provides a full range of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector, for a wide range of customers, including independent power project owners, public utilities, power plant heavy equipment suppliers and other commercial firms with power requirements in the U.S., Ireland and the U.K. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derive majority revenue.

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Argan Inc

ANGLO ASIAN MNG PLC ORD by Anglo Asian Mining Plc.

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Argan's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) short percent of float has risen 27.14% since its last report. The company recently reported that it has 780 thousand shares sold short, which is 6.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Argan Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738864819_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Argan has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Argan's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Argan's peer group average for short interest as a percentage of float is 5.41%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Shares of homebuilders, construction and household durables stocks are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

CJS Securities analyst Chris Moore downgrades Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) from Market Outperform to Market Perform and announces $150 price target.

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CJS Securities Downgrades Argan to Market Perform, Announces $150 Price Target

The earnings results for Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) for Q3 were made public on Thursday, December 5, 2024 at 04:05 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Argan beat estimated earnings by 59.0%, reporting an EPS of $2.0 versus an estimate of $1.26.
Revenue was up $93.25 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
Last quarter the company beat on EPS by $0.34 which was followed by a 26.0% increase in the share price the next day.
Here's a look at Argan's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.52</td>
<td>0.75</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>0.58</td>
<td>0.89</td>
<td>0.40</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>183.55M</td>
<td>134.75M</td>
<td>161.60M</td>
<td>162.70M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>227.01M</td>
<td>157.68M</td>
<td>164.55M</td>
<td>163.75M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Argan <a href="https://www.benzinga.com/quote/AGX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Argan Q3 Earnings

Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) reported its Q3 earnings results on Thursday, December 5, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Argan beat estimated earnings by 59.0%, reporting an EPS of $2.0 versus an estimate of $1.26.
Revenue was up $93.25 million from the same period last year.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat on EPS by $0.34 which was followed by a 26.0% increase in the share price the next day.
Here's a look at Argan's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.52</td>
<td>0.75</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>0.58</td>
<td>0.89</td>
<td>0.40</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>183.55M</td>
<td>134.75M</td>
<td>161.60M</td>
<td>162.70M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>227.01M</td>
<td>157.68M</td>
<td>164.55M</td>
<td>163.75M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Argan <a href="https://www.benzinga.com/quote/AGX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Argan Earnings Report: Q3 Overview

The Q3 earnings report for Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) was released on Thursday, December 5, 2024 at 04:05 PM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Argan beat estimated earnings by 59.0%, reporting an EPS of $2.0 versus an estimate of $1.26.
Revenue was up $93.25 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
The company beat on EPS by $0.34 in the previous quarter, leading to a 26.0% increase share price change the next day.
Here's a look at Argan's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.52</td>
<td>0.75</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>0.58</td>
<td>0.89</td>
<td>0.40</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>183.55M</td>
<td>134.75M</td>
<td>161.60M</td>
<td>162.70M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>227.01M</td>
<td>157.68M</td>
<td>164.55M</td>
<td>163.75M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Argan <a href="https://www.benzinga.com/quote/AGX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Argan Q3 Earnings

Argan Q3 2025 GAAP EPS $2.00 Up From $0.40 YoY, Sales $257.008M Up From $163.755M YoY

Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) released its Q3 earnings on Thursday, December 5, 2024 at 04:05 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Argan beat estimated earnings by 59.0%, reporting an EPS of $2.0 versus an estimate of $1.26.
Revenue was up $93.25 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
Last quarter the company beat on EPS by $0.34 which was followed by a 26.0% increase in the share price the next day.
Here's a look at Argan's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.52</td>
<td>0.75</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>0.58</td>
<td>0.89</td>
<td>0.40</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>183.55M</td>
<td>134.75M</td>
<td>161.60M</td>
<td>162.70M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>227.01M</td>
<td>157.68M</td>
<td>164.55M</td>
<td>163.75M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Argan <a href="https://www.benzinga.com/quote/AGX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Argan Earnings Analysis: Q3 Recap

Argan: Q3 Earnings Insights

Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) reported its Q3 earnings results on Thursday, December 5, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Argan beat estimated earnings by 59.0%, reporting an EPS of $2.0 versus an estimate of $1.26.
Revenue was up $93.25 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat on EPS by $0.34 which was followed by a 26.0% increase in the share price the next day.
Here's a look at Argan's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.52</td>
<td>0.75</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>0.58</td>
<td>0.89</td>
<td>0.40</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>183.55M</td>
<td>134.75M</td>
<td>161.60M</td>
<td>162.70M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>227.01M</td>
<td>157.68M</td>
<td>164.55M</td>
<td>163.75M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Argan <a href="https://www.benzinga.com/quote/AGX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Argan Q3 Earnings Assessment

<h3>Companies Reporting Before The Bell</h3>
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $420.00 million. 
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is projected to report quarterly loss at $0.10 per share on revenue of $344.37 million. 
• Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $1.93 billion. 
• Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.65 billion. 
• Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $268.46 million. 
• Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.37 billion. 
• Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $10.14 billion. 
• Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is projected to report quarterly earnings at $1.21 per share on revenue of $675.35 million. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $187.70 million. 
• Lands' End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $315.21 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $101.35 million. 
• Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $10.26 billion. 
• GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is projected to report quarterly earnings at $2.19 per share on revenue of $1.46 billion. 
• Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) is expected to report quarterly loss at $0.12 per share on revenue of $1.71 billion. 
• Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) is expected to report quarterly loss at $0.32 per share on revenue of $134.93 million. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $34.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is likely to report quarterly earnings at $1.26 per share on revenue of $4.67 billion. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $751.36 million. 
• Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is likely to report quarterly earnings at $1.73 per share on revenue of $5.98 billion. 
• Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.07 billion. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) is expected to report earnings for its second quarter. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $113.40 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its third quarter. 
• Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is projected to report earnings for its second quarter. 
<h3>Companies Reporting After The Bell</h3>
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $253.96 million. 
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is likely to report quarterly loss at $0.62 per share on revenue of $1.29 billion. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $347.72 million. 
• Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $133.52 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is expected to report quarterly loss at $0.07 per share on revenue of $180.66 million. 
• Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $222.04 million. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $77.55 million. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $44.30 million. 
• Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $225.60 million. 
• Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is expected to report quarterly earnings at $2.72 per share on revenue of $2.36 billion. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is likely to report quarterly earnings at $1.58 per share on revenue of $684.34 million. 
• Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $283.87 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $188.25 million. 
• HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is likely to report quarterly earnings at $0.05 per share on revenue of $163.39 million. 
• Tilly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) is likely to report quarterly loss at $0.32 per share on revenue of $140.84 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is projected to report quarterly earnings at $4.52 per share on revenue of $2.50 billion. 
• Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is likely to report quarterly loss at $0.40 per share on revenue of $217.53 million. 
• Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.50 billion. 
• Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $310.56 million. 
• DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $745.26 million. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $53.23 million. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $8.26 billion. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $1.03 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AOUT

ASAN

CRMT

CSIQ

DLTH

DOCU

DOMO

GTLB

HOFT

LAKE

LULU

PATH

PDCO

RBRK

SAIC

SWBI

TLYS

TOUR

ULTA

VEEV

VSCO

WLYB

WOOF

Earnings Scheduled For December 5, 2024

Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) will release its quarterly earnings report on Thursday, 2024-12-05. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Argan to report an earnings per share (EPS) of $1.26.
The market awaits Argan's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat EPS by $0.34, which was followed by a 26.04% increase in the share price the next day.
Here's a look at Argan's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.52</td>
<td>0.75</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>0.58</td>
<td>0.89</td>
<td>0.40</td>
</tr>
<tr>
<td>Price Change %</td>
<td>26.0%</td>
<td>10.0%</td>
<td>21.0%</td>
<td>-12.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733324518_0.png" alt="eps graph" />
<h3>Performance of Argan Shares</h3>
Shares of Argan were trading at $149.91 as of December 03. Over the last 52-week period, shares are up 248.36%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on Argan</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Argan.
Analysts have given Argan a total of 1 ratings, with the consensus rating being Neutral. The average one-year price target is $150.0, indicating a potential 0.06% upside.
<h3>Peer Ratings Comparison</h3>
The below comparison of the analyst ratings and average 1-year price targets of Centuri Holdings, Ameresco and MYR Group, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Underperform trajectory for Centuri Holdings, with an average 1-year price target of $18.0, implying a potential 87.99% downside.</li>
<li>For Ameresco, analysts project an Buy trajectory, with an average 1-year price target of $38.5, indicating a potential 74.32% downside.</li>
<li>MYR Group is maintaining an Buy status according to analysts, with an average 1-year price target of $138.33, indicating a potential 7.72% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary offers a detailed examination of key metrics for Centuri Holdings, Ameresco and MYR Group, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Argan</td>
<td>Neutral</td>
<td>60.61%</td>
<td>$31.11M</td>
<td>6.05%</td>
</tr>
<tr>
<td>Centuri Holdings</td>
<td>Underperform</td>
<td>-7.08%</td>
<td>$75.79M</td>
<td>-0.69%</td>
</tr>
<tr>
<td>Ameresco</td>
<td>Buy</td>
<td>49.45%</td>
<td>$77.14M</td>
<td>1.90%</td>
</tr>
<tr>
<td>MYR Group</td>
<td>Buy</td>
<td>-5.47%</td>
<td>$77.29M</td>
<td>1.74%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Argan is positioned in the middle among its peers for revenue growth, with one peer showing a significant decline. In terms of gross profit, Argan ranks at the bottom compared to its peers. However, Argan's return on equity is higher than two of its peers, placing it in a relatively better position. Overall, Argan's performance is mixed when compared to its peers in these key metrics.
<h3>Unveiling the Story Behind Argan</h3>
Argan Inc is a United States-base construction firm that conducts operations through its wholly-owned subsidiaries, GPS, APC, TRC and SMC. Through GPS and APC it provides a full range of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector, for a wide range of customers, including independent power project owners, public utilities, power plant heavy equipment suppliers and other commercial firms with power requirements in the U.S., Ireland and the U.K. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derive majority revenue.
<h3>Understanding the Numbers: Argan's Finances</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Argan showcased positive performance, achieving a revenue growth rate of 60.61% as of 31 July, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.02%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Argan's ROE stands out, surpassing industry averages. With an impressive ROE of 6.05%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Argan's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.69%, the company showcases efficient use of assets and strong financial health.
Debt Management: Argan's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/AGX/earnings">To track all earnings releases for Argan visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Argan's Earnings

Lake Street analyst Robert Brown downgrades Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) from Buy to Hold and raises the price target from $85 to $150.

Lake Street Downgrades Argan to Hold, Raises Price Target to $150

MTRX

MYRG

ROAD

STRL

Shares of construction and engineering companies are trading higher after Donald Trump won the 2024 presidential election.

Argan's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) short percent of float has risen 50.65% since its last report. The company recently reported that it has 389 thousand shares sold short, which is 3.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Argan Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730919619_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Argan has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Argan's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Argan's peer group average for short interest as a percentage of float is 5.30%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Argan's Recent Short Interest

A substantial insider sell was reported on September 23, by William F Leimkuhler, Director at Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>), based on the recent SEC filing.
What Happened: Leimkuhler's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000100591/000136194324000004//Archives/edgar/data/100591/000136194324000004/0001361943-24-000004-index.htm">U.S. Securities and Exchange Commission</a> on Monday unveiled the sale of 10,000 shares of Argan. The total transaction value is $962,000.
Argan shares are trading down 0.0% at $96.25 at the time of this writing on Tuesday morning.
<h3>Unveiling the Story Behind Argan</h3>
Argan Inc is a United States-base construction firm that conducts operations through its wholly-owned subsidiaries, GPS, APC, TRC and SMC. Through GPS and APC it provides a full range of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector, for a wide range of customers, including independent power project owners, public utilities, power plant heavy equipment suppliers and other commercial firms with power requirements in the U.S., Ireland and the U.K. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derive majority revenue.
<h3>Unraveling the Financial Story of Argan</h3>
Revenue Growth: Argan's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 60.61%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 13.7%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Argan's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.36.
</li>
</ul>
Debt Management: Argan's debt-to-equity ratio is below the industry average. With a ratio of 0.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 30.17 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 1.84 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 17.38 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Uncovering the Importance of Insider Activity</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000100591">Check Out The Full List Of Argan's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Argan Director Sold $962K In Company Stock

Argan shares are trading higher following a quarterly cash dividend increase announcement by 25% from $0.30 per share to $0.375 per share.

The dividend will be payable on October 31, 2024, to stockholders of record at the close of business on October 23, 2024.

Dividends

Argan Boosts Quarterly Cash Dividend By 25% From $0.30 To $0.375 Per Share

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 400 points on Friday.
The Dow traded down 1.07% to 40,320.42 while the NASDAQ fell 2.61% to 16,680.93. The S&amp;P 500 also fell, dropping, 1.80% to 5,404.31.
Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748893/over-40m-bet-on-pbf-energy-check-out-these-4-stocks-executives-are-buying"> Over $40M Bet On PBF Energy? Check Out These 4 Stocks Executives Are Buying</a>
Leading and Lagging Sectors Consumer staples shares slipped by just 0.1% on Thursday.
In trading on Thursday, communication services shares dipped by 2.8%.
Top Headline
The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) shares shot up 113% to $1.7250 after the company announced it entered into a business agreement with CrossVision for joint entertainment offerings.</li>
<li>Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) got a boost, surging 119% to $9.08 after the company and its subsidiary, Cedar Realty Trust, announced that the United States Court of Appeals for the Fourth Circuit affirmed a 2023 order dismissing a putative class action complaint filed against the company and Cedar by purported holders of Cedar&#8217;s preferred stock.</li>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) shares were also up, gaining 25% to $89.22 after the company reported better-than-expected second-quarter financial results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) shares dropped 18% to $36.14 after the company reported quarterly financial results.</li>
<li>Shares of Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) were down 27% to $1.8050 after the company reported worse-than-expected second-quarter sales results. Also, Needham maintained a Buy rating on the stock but lowered its price target from $7 to $5.</li>
<li>Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) was down, falling 12% to $26.01 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded down 2% to $67.74 while gold traded down 0.8% at $2,523.00.
Silver traded down 3% to $28.22 on Friday, while copper fell 1.7% to $4.0665.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 dipped 1.07%, Germany's DAX fell 1.1483% and France's CAC 40 fell 1.07%. Spain's IBEX 35 Index fell 0.89%, while London's FTSE 100 fell 0.73%.
The GDP in the Eurozone grew by 0.2% on quarter during the second quarter. The number of employed persons in the Eurozone increased by 0.2% from the prior quarter during the three months to June.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.72%, China's Shanghai Composite Index falling 0.81% and India's BSE Sensex falling 1.24%.
Foreign exchange reserves held by the Reserve Bank of India jumped to $684 billion as of Aug. 30, 2024.
Economics
<ul>
<li>The U.S. economy added 142,000 jobs in August versus a revised 89,000 gain in July, but down from market estimates of 160,000.</li>
<li>The unemployment rate fell to 4.2% in August from 4.3% in the previous month.</li>
<li>Average hourly earnings for all employees rose by 0.4% to $35.21 in August compared to a 0.2% gain in July.</li>
<li>The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported.</li>
</ul>
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</ul>

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 400 points on Friday.
The Dow traded down 0.97% to 40,360.43 while the NASDAQ fell 2.53% to 16,694.51. The S&amp;P 500 also fell, dropping, 1.69% to 5,410.46.
Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748893/over-40m-bet-on-pbf-energy-check-out-these-4-stocks-executives-are-buying"> Over $40M Bet On PBF Energy? Check Out These 4 Stocks Executives Are Buying</a>
Leading and Lagging Sectors Consumer staples shares fell by just 0.3% on Thursday.
In trading on Thursday, information technology shares dipped by 2.6%.
Top Headline
The U.S. economy added 142,000 jobs in August versus a revised 89,000 gain in July, but down from market estimates of 160,000.
The unemployment rate fell to 4.2% in August from 4.3% in the previous month.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) shares shot up 159% to $2.0950 after the company announced it entered into a business agreement with CrossVision for joint entertainment offerings.</li>
<li>Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) got a boost, surging 126% to $9.34 after the company and its subsidiary, Cedar Realty Trust, announced that the United States Court of Appeals for the Fourth Circuit affirmed a 2023 order dismissing a putative class action complaint filed against the company and Cedar by purported holders of Cedar&#8217;s preferred stock.</li>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) shares were also up, gaining 30% to $92.75 after the company reported better-than-expected second-quarter financial results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) shares dropped 17% to $36.70 after the company reported quarterly financial results.</li>
<li>Shares of Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) were down 21% to $1.9707 after the company reported worse-than-expected second-quarter sales results. Also, Needham maintained a Buy rating on the stock but lowered its price target from $7 to $5.</li>
<li>Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) was down, falling 14% to $25.33 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 1.2% to $69.98 while gold traded down 0.3% at $2,536.70.
Silver traded down 0.2% to $29.04 on Friday, while copper fell 0.6% to $4.1130.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.13%, Germany's DAX fell 0.13% and France's CAC 40 rose 0.22%. Spain's IBEX 35 Index rose 0.32%, while London's FTSE 100 rose 0.01%.
The GDP in the Eurozone grew by 0.2% on quarter during the second quarter. The number of employed persons in the Eurozone increased by 0.2% from the prior quarter during the three months to June.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.72%, China's Shanghai Composite Index falling 0.81% and India's BSE Sensex falling 1.24%.
Foreign exchange reserves held by the Reserve Bank of India jumped to $684 billion as of Aug. 30, 2024.
Economics
<ul>
<li>The U.S. economy added 142,000 jobs in August versus a revised 89,000 gain in July, but down from market estimates of 160,000.</li>
<li>The unemployment rate fell to 4.2% in August from 4.3% in the previous month.</li>
<li>Average hourly earnings for all employees rose by 0.4% to $35.21 in August compared to a 0.2% gain in July.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748612/jim-cramer-doesnt-like-carnival-right-now-royal-caribbean-is-the-one-you-want">Jim Cramer Doesn&#8217;t Like Carnival Right Now: Royal Caribbean Is &#8216;The One You Want&#8217;</a></li>
</ul>

Press Releases

Argan, Inc. to Announce Second Quarter Fiscal 2025 Results and Host Conference Call on Thursday, September 5, 2024

Argan, Inc. to Attend the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference

Argan, Inc. Reports Second Quarter Fiscal 2025 Results

Argan, Inc. Increases Quarterly Dividend by 25% to $0.375 Per Common Share

Argan, Inc. Announces the Passing of Board Member W.G. Champion Mitchell

Argan, Inc. to Announce Third Quarter Fiscal 2025 Results and Host Conference Call on Thursday, December 5, 2024

Argan, Inc. Reports Third Quarter Fiscal 2025 Results

Argan, Inc. Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share

Argan, Inc.'s Gemma Power Systems Executes EPC Contract for a 1.2 GW Power Project in Texas

Argan, Inc. Appoints Brian Orlandi as CEO of SMC Infrastructure Solutions

Arcosa

AECOM

Ameresco

APi Gr

Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares)

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