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Argan Inc. (AGX) has reached an all-time high, with its stock price hitting 274.5 USD. This milestone reflects a significant surge in the company’s market performance, with the $3.68 billion market cap company delivering a remarkable 168% return over the past year. The company maintains strong fundamentals with a 29% revenue growth and an overall GREAT financial health score, according to InvestingPro analysis. The notable rise in Argan’s stock price can be attributed to a combination of strategic business developments and favorable market conditions. Trading at a P/E ratio of 32, the stock appears to be trading above its Fair Value based on InvestingPro metrics. Investors have shown heightened interest in the company’s growth prospects, contributing to this historic peak. As Argan continues to expand its operations and capitalize on industry trends, its stock performance remains a focal point for market observers and stakeholders. For deeper insights into Argan’s valuation and growth potential, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Argan Inc. reported its second-quarter fiscal year 2026 earnings with a notable earnings per share (EPS) of $2.50, which exceeded analyst expectations of $1.64. Despite this earnings surprise, the company’s revenues came in at $237.7 million, slightly below the anticipated $243.97 million. Additionally, the company announced a 33% increase in its quarterly dividend, raising it from $0.375 to $0.50 per share, marking the third consecutive annual increase. This adjustment will be effective for shareholders of record as of October 23, 2025, with the dividend payable on October 31, 2025. In analyst activity, GLJ Research initiated coverage on Argan with a Hold rating and set a price target of $251, indicating a potential downside of approximately 3% from current levels. The firm noted that investor expectations may have outpaced the company’s current growth capabilities. These developments highlight the ongoing financial and strategic activities surrounding Argan Inc.
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