Argan stock gained 1.12 percent after record quarterly results
Published on 10/05/2026 at 13:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Argan stock (ISIN US04010E1091) gained 1.12 percent to USD 383.83 on the NYSE on October 2, 2026, as investors weighed the company’s record fiscal second-quarter results. Revenue reached USD 383.976 million for the quarter ended July 31, 2026, while diluted EPS rose to USD 3.76.
Revenue rises 61.5 percent
Yahoo Finance reported that Argan’s fiscal Q2 2027 revenue increased 61.5 percent from USD 237.743 million in the comparable quarter. GAAP diluted EPS advanced 50.4 percent from USD 2.50, and consolidated gross margin was 19.3 percent.
The earnings mix points to power infrastructure as the main growth engine. Power revenue increased 53 percent to USD 301 million, while Industrial revenue rose 111 percent to USD 76 million; Teledata revenue increased 40 percent to USD 7 million, according to Yahoo Finance.
Dividend reaches USD 0.70
Argan also raised its quarterly dividend 40 percent from USD 0.50 to USD 0.70 per share. The dividend is payable on October 30, 2026, to shareholders of record on October 22, 2026, according to Business Wire. The annualized payout is USD 2.80 per share.
The balance between growth and execution matters because consolidated gross margin declined from 25 percent in fiscal Q4 2026 to 19.3 percent in fiscal Q2 2027. Management attributed the latest margin level to project mix and construction timing, while the company’s backlog stood at USD 2.5 billion on July 31, 2026.
Analysts see a higher target
MarketBeat reported a Moderate Buy consensus from 10 analysts on October 2, 2026, with an average 12-month price target of USD 476.67. That target lies 24.2 percent above the October 2 price of USD 383.83, while the same report listed four Buy ratings, two Strong Buy ratings, three Holds and one Sell.
Argan stock stays below its high
Argan stock was last at USD 383.83 on October 2, 2026 at 4:00 p.m. ET, with 269,407 shares traded. Its 52-week range was USD 255.60 to USD 805.75, and its market capitalization was USD 5.4 billion as of October 2, 2026.
Argan stock key data
- Company: Argan, Inc.
- ISIN: US04010E1091
- Ticker: AGX
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 383.83
- Market capitalization: USD 5.4 billion (as of October 2, 2026)
- 52-week range: USD 255.60-805.75 (as of October 2, 2026)
- Sector / Industry: Industrials / Construction and Engineering
Upcoming dates for Argan stock
- October 22, 2026: Dividend record date
- October 30, 2026: USD 0.70 quarterly dividend payment
