Argan stock analysis 2026 | Price, valuation & outlook

Argan

NYSE:AGX

$ 566,62

+ $155,77 (37,91%)

566,62 $

+$155,77 (37,91%)

End-of-day quote: 03/27/2026

Argan Stock Value

Analysts currently rate Argan as Hold.

Hold

Argan Company Info

EPS Growth 5Y

45,18%

Market Cap

$7,90 B

Long-Term Debt

$0,00 B

Short Interest

1,49%

Quarterly earnings

N/A

Dividend

$2,78

Dividend Yield

0,49%

Founded

1961

Industry

Industrials

Country

United States

ISIN Number

US04010E1091

Website

http://www.arganinc.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$425,00

-24.99%

Last Update: 03/29/2026

Analysts: 5

Highest Price Target $550,00

Average Price Target $425,00

Lowest Price Target $375,00

In the last five quarters, Argan’s Price Target has risen from $9,73 to $53,50 - a 449,85% increase. Four analysts predict that Argan’s share price will fall in the coming year, reaching $425,00. This would represent a decrease of -24,99%.

Top growth stocks in the industrials sector (5Y.)

What does Argan do?

Argan, Inc. (‘Argan’), through its subsidiaries, operates primarily as a construction company. The company’s wholly owned subsidiaries are Gemma Power Systems, LLC and affiliates (‘GPS’), Atlantic Projects Company Limited and affiliates (‘APC’), The Roberts Company, Inc. (‘TRC’) and Southern Maryland Cable, Inc. (‘SMC’). GPS and APC constitute the company’s power industry services reportable segment, delivering a comprehensive suite of engineering, procurement, construction, commissioning, mai...

Argan, Inc. (‘Argan’), through its subsidiaries, operates primarily as a construction company.

The company’s wholly owned subsidiaries are Gemma Power Systems, LLC and affiliates (‘GPS’), Atlantic Projects Company Limited and affiliates (‘APC’), The Roberts Company, Inc. (‘TRC’) and Southern Maryland Cable, Inc. (‘SMC’).

GPS and APC constitute the company’s power industry services reportable segment, delivering a comprehensive suite of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector. The customers include primarily independent power project owners, public utilities, power plant heavy equipment suppliers and other commercial firms with significant power requirements. Projects are located in the United States (the ‘U.S.’), the Republic of Ireland (‘Ireland’) and the United Kingdom (the ‘U.K.’).

Through TRC, the industrial construction services reportable segment provides field services and project management that support new plant construction and additions, maintenance turnarounds, shutdowns and emergency mobilizations for industrial plants primarily located in the Southeast region of the U.S. and that may include the fabrication, delivery and installation of steel components, such as piping systems and pressure vessels.

Through SMC, doing business as SMC Infrastructure Solutions, the telecommunications infrastructure services segment provides project management, construction, installation and maintenance services to commercial, local government and federal government customers primarily in the Mid-Atlantic region of the U.S. Together, these subsidiaries enable it to serve a wide range of client needs across power generation, industrial construction, and telecommunications infrastructure, establishing the company’s presence as a diversified provider in the construction and engineering sectors.

Power Industry Services

GPS, which the company acquired in 2006, historically provides the most significant percentage of the company’s power industry services. As a full-service engineering, procurement and construction (‘EPC’) services firm, GPS has the proven abilities of designing, building and commissioning large-scale energy projects primarily in the U.S. The extensive design, construction, project management, start-up and operating experience of GPS has expanded since its founding, with a substantial portfolio of installed power-generating capacity, primarily in the domestic market. Past projects encompass base-load combined-cycle facilities, simple-cycle peaking plants, liquefied natural gas power island installation, and boiler plant construction and renovation efforts. GPS also has experience in the renewable energy sector providing EPC contracting and other services to owners of alternative energy facilities, including biomass plants, solar fields, battery storage and wind farms. Typically, the scope of work for GPS includes complete plant engineering and design, the procurement of power generation and balance of plant equipment, and the full turnkey construction effort from site development through electrical interconnection and plant performance testing. The durations of these projects typically range between one to four years.

This reportable business segment also includes APC, a company formed in Ireland 50 years ago, and its affiliated companies, which the company acquired in May 2015. Historically, APC primarily provided turbine, boiler and large rotating equipment engineering, procurement, installation, commissioning and outage services to power plants in Ireland. Since its acquisition in 2015, APC has expanded operations to the U.K. APC focuses on the performance of engineering and construction services for the major electric utilities in Ireland, independent power plant owners, major data center operators and original equipment manufacturers. APC’s business in Ireland and the U.K. represents the company’s primary international operations.

Power Industry Services Project Backlog

Typically, the company includes the total value of EPC services and other major construction contracts in project backlog upon receiving a notice to proceed from the project owner.

The significant active projects of the company’s power industry services segment include the construction of facilities which together represent approximately 2.9 gigawatts of potential electrical power and require the significant engagements of its technical, project support and project management teams.

Customers

For Fiscal 2025, the company’s most significant customer relationships included three power industry services customers, which accounted for approximately 28%, 13% and 10% of consolidated revenues.

Industrial Construction Services

TRC was founded in 1977, and its fabrication facility and offices are located near Greenville, North Carolina. TRC is an industrial construction and field services firm with steel pipe and vessel fabrication capabilities serving industrial organizations primarily in the Southeast region of the U.S.

During Fiscal 2023, TRC consolidated its metal fabrication plants and support structures into one industrial fabrication and warehouse facility that totals over 90,000 square feet. The consolidation reduced fixed costs and notably streamlined the business, which has permitted TRC to focus primarily on its industrial field service opportunities, which includes construction projects. TRC operates within its own reportable business segment, industrial construction services. Industrial field service construction projects typically represent the majority of TRC’s annual revenues with the remaining revenues contributed by projects consisting primarily of metal pipe and vessel fabrication.

Recent major customers of TRC include Nutrien Ltd., the global fertilizer company; Jacobs Solutions Inc., an international engineering and construction firm that is building a significant biotechnology manufacturing facility in the research triangle area of North Carolina; North America’s largest forest products companies, such as Weyerhaeuser Company, International Paper and Domtar Corporation; water treatment facilities and various other industrial companies. These relationships demonstrate that TRC is a trusted industrial services provider to blue chip customers from around North America, and from countries around the world, that are expanding or locating new production facilities in TRC’s geographic region.

Telecommunications Infrastructure Services

SMC represents the company’s telecommunications infrastructure services reportable business segment and conducts business as SMC Infrastructure Solutions, which provides utility construction services and comprehensive technology wiring solutions to customers primarily in the Mid-Atlantic region of the U.S. SMC performs both outside and inside plant cable installation services.

Services provided to the company’s outside premises customers include trenchless directional boring and excavation for underground communication and power networks, aerial cabling services, and the installation of buried cable, high and low voltage electric lines, and private area outdoor lighting systems. Inside premises wiring services include structured cabling, terminations and connectivity that provide the physical transport for high-speed data, voice, video and security networks.

Consistently, a major portion of SMC’s revenue-producing activity each year is performed pursuant to task or work orders issued under master agreements with SMC’s major customers, such as Southern Maryland Electric Cooperative, the local electricity cooperative. Over the last three years, other major customers have included counties and municipalities located in Maryland; certain state government agencies in Maryland; and technology-oriented government contracting firms in the Washington, D.C. metropolitan area. Through an acquisition in December 2021, SMC expanded its business footprint into the Tidewater area of Virginia.

History

Argan, Inc., a Delaware corporation, was founded in 1961. The company was incorporated in 1961.

Argan Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Energy sector:** approx. 75% **Industrial sector:** approx. 15% **Telecommunications sector:** approx. 10% **TOP 3 Markets:** 1. **USA:** approx. 60% 2. **Canada:** approx. 20% 3. **Europe:** approx. 10% Argan, Inc. generates the majority of its revenues in the energy sector, with...

At which locations are the company’s products manufactured?

**Production Sites:** USA Argan, Inc. is a company specializing in engineering, procurement, and construction (EPC) services, particularly in the energy infrastructure sector. The company's production and services are mainly carried out in the USA. Argan, Inc. operates through its subsidiaries...

What strategy does Argan pursue for future growth?

**Revenue Growth:** Estimated 10% annually (2025 forecast) **Profit Growth:** Estimated 8% annually (2025 forecast) Argan, Inc. is pursuing a growth strategy based on expanding its portfolio in the engineering, procurement, and construction (EPC) services sector. The company is focused on strengt...

Which raw materials are imported and from which countries?

**Main raw materials:** Steel, Copper, Aluminum **Countries of origin:** - **Steel:** China, India - **Copper:** Chile, Peru - **Aluminum:** Canada, Russia Argan, Inc. is a company specializing in engineering and construction projects, particularly in the energy sector. For these projects, the com...

How strong is the company’s competitive advantage?

**Market Share:** Estimated 5-7% in the US EPC market (2025) **EBITDA Margin:** 10.5% (2024) **Return on Equity:** 12% (2024) Argan, Inc. has established a solid competitive advantage in the field of Engineering, Procurement, and Construction (EPC), particularly in the USA. The EBITDA margin of...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 65% (estimated, 2025) **Insider Buys/Sells:** No significant transactions in the last year (estimated, 2025) The institutional investor share at Argan, Inc. is estimated to be around 65%. This demonstrates a strong confidence from institutional investors in the co...

What percentage market share does Argan have?

**Market share of Argan, Inc.:** Estimate 2-3% (2025) **Top competitors and market shares:** 1. **Fluor Corporation:** Estimate 10-12% 2. **Jacobs Engineering Group:** Estimate 8-10% 3. **KBR, Inc.:** Estimate 5-7% 4. **Quanta Services, Inc.:** Estimate 4-6% 5. **AECOM:** Estimate 3-5% 6. **Argan,...

Is Argan stock currently a good investment?

**Revenue Growth:** 8% (2024) **Profit Growth:** 10% (2024) **Backlog:** $1.2 billion USD (End of 2024) Argan, Inc. recorded a revenue growth of 8% and a profit growth of 10% in 2024. These positive developments are attributed to strong demand in the engineering and construction services sector in...

Does Argan pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.5% (estimated for 2025) **Dividend History:** Continuous payouts over the last 5 years Argan, Inc. has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 2.5% for 2025 is based on past payouts and the com...

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Argan Stock Value

Argan Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Argan do?

Argan Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Argan Stock Value

Argan Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Argan do?

Argan Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.