Why did Argan (AGX) stock move recently?

On 9/1/2026, Argan moved -4.8% — Argan shares declined amid ongoing investor reassessment of stretched valuation after a sharp prior run-up, with recent analyst notes (including a downgrade) citing limited further upside and profit-taking ahead of Q2 results tomorrow; no new company-specific catalyst reported today. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Argan (AGX) overvalued or fairly valued?

MarketChacha shows Argan's valuation in context — a trailing P/E of about 44.0, a forward P/E of about 25.4, a price-to-book of about 12.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Argan's reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.32×) from reported figures — education, not a rating.

What is Argan's revenue?

Argan reported revenue of $944.6M for FY2026, with net profit of $137.8M, per official filings.

What is the share price of Argan (AGX)?

Argan last traded at $418.00 (+1.5% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Argan

AGX · NYSE · Industrials · United States

Snapshot

TickerAGX

ExchangeNYSE

SectorIndustrials

IndustryEngineering & Construction

CountryUnited States

CEOMr. Charles Edwin Collins IV

Employees1,409

HeadquartersArlington, United States

Websitewww.arganinc.com

Filings tracked16

About Argan

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom. It operates through three segments: Power, Industrial, and Teledata. Its Power segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects; and design, construction, project management, start-up, and operation, as well as provides technical consulting services; and turbine, boiler, and large rotating equipment. This segment serves independent power producers, public utilities, power plant equipment suppliers, and other commercial firms. The company's Industrial segment provides field services that support new plant construction and additions; maintenance turnarounds; shutdowns and emergency mobilizations for industrial plants; and fabricates, delivers, and installation of metal components, such as piping systems and pressure vessels. Its Teledata segment offers trenchless directional boring and excavation for underground communication and power networks; aerial cabling; high and low voltage electric lines; and private area outdoor lighting systems, as well as installs buried cable. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks; and utility construction services and comprehensive technology wiring solutions. This segment serves electricity cooperative, state and federal government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as customers in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Arlington, Virginia.

Who owns it

Insiders4.1%
Institutions95.9%
Public & other0.0%

728 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.76%
Vanguard Portfolio Management LLC5.55%
First Trust Advisors LP5.38%
Renaissance Technologies, LLC4.62%
Vanguard Capital Management LLC4.24%
State Street Corporation3.88%
Geode Capital Management, LLC3.61%
American Century Companies Inc3.20%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.32×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend7.3% → 14.6%

Margin has expanded by about 7.3 points — the business is getting more profitable.

Return on equity29.8%

Latest ROE of 29.8% — capital is generating a healthy return.

Growth qualityrev 28% · PAT 61%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $335.4M · EPS 2.97

Est. earnings growth +36.9%

Next fiscal year

Rev $1.6B · EPS 15.99

Est. earnings growth +32.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$944.6M

Net margin

14.6%

ROE

29.8%

Revenue CAGR (3y)

+27.6%

Profit CAGR (3y)

+60.9%

EPS (FY2026)

9.74

Net profit (FY2026)

$137.8M

Ask MarketChacha about AGX

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
Argan shares declined amid ongoing investor reassessment of stretched valuation after a sharp prior run-up, with recent analyst notes (including a downgrade) citing limited further upside and profit-taking ahead of Q2 results tomorrow; no new company-specific catalyst reported today.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium
Aug 25, 2026
Argan shares fell with no company-specific news or filing released today, extending a multi-day losing streak amid ongoing concerns over elevated valuation, recent insider selling, and a downgrade to Hold by Wall Street Zen three days earlier.
source 1 ↗source 2 ↗source 3 ↗· confidence: low
Aug 4, 2026
Argan shares rose with no identifiable company-specific catalyst from recent filings or news; the move appears driven by market/sector momentum or general interest following prior strong results and backlog updates.
source 1 ↗· confidence: low
Jul 29, 2026
No clear company-specific catalyst identified in recent filings or credible news; the decline may reflect broader market or sector movement.
· confidence: low
Jul 28, 2026
AGX fell with no company-specific news or filing today; the move appears driven by profit-taking after a sharp YTD rally and/or broader market risk-off sentiment.
source 1 ↗source 2 ↗· confidence: low
Jul 27, 2026
No clear company-specific catalyst found in recent filings or credible coverage for the July 27 move; AGX moved with broader market/sector sentiment after prior volatility around mixed Q2 results (EPS beat but revenue miss).
· confidence: low
Jul 24, 2026
AGX fell 5.54% with no company-specific negative catalyst reported; the pullback follows a 92% YTD rally amid commentary on rich valuation and execution risks.
source 1 ↗source 2 ↗· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$944.6M	$137.8M	9.74	14.6%	29.8%
FY2025	$874.2M	$85.5M	6.15	9.8%	24.3%
FY2024	$573.3M	$32.4M	2.39	5.6%	11.1%
FY2023	$455.0M	$33.1M	2.33	7.3%	11.8%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$291.0M	$46.1M	3.24	15.8%
2025Q4	$251.2M	$30.7M	2.17	12.2%
2025Q3	$237.7M	$35.3M	2.50	14.8%
2025Q2	$193.7M	$22.6M	1.60	11.6%
2024Q4	$257.0M	$28.0M	2.00	10.9%
2024Q3	$227.0M	$18.2M	1.31	8.0%
2024Q2	$157.7M	$7.9M	0.58	5.0%
2023Q4	$163.8M	$5.5M	0.40	3.3%
2023Q3	$141.3M	$12.8M	0.94	9.0%
2023Q2	$103.7M	$2.1M	0.16	2.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC8/4/2026material
8-K — Shareholder vote results, Other events, Exhibits
SEC6/10/2026material
8-K — Results of operations, Exhibits
SEC6/4/2026material
10-Q filing
SEC6/4/2026
8-K — Other events, Exhibits
SEC4/8/2026material
8-K — Results of operations, Exhibits
SEC3/26/2026material
10-K filing
SEC3/26/2026

2025

8-K — Other events, Exhibits
SEC12/11/2025material
8-K — Results of operations, Exhibits
SEC12/4/2025material
10-Q filing
SEC12/4/2025
8-K — Other events
SEC11/7/2025material
8-K — Other events, Exhibits
SEC10/30/2025material
8-K — Other events, Exhibits
SEC9/10/2025material
8-K — Results of operations, Exhibits
SEC9/4/2025material
10-Q filing
SEC9/4/2025
8-K — Other events, Exhibits
SEC7/28/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.