Argan stock fell 3.63 percent to USD 404.39 on October 7

Published on 10/08/2026 at 03:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Argan stock reported fiscal Q2 2027 revenue of USD 383.976 million on September 2, up 61.5 percent year over year. The quarterly dividend rose 40 percent to USD 0.70.

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Argan (ISIN US04010E1091) was last at USD 404.39 on the NYSE on October 7, 2026 at 4:00 p.m. ET, down 3.63 percent from the prior session. The move gives investors a fresh market reference after the power infrastructure contractor posted record fiscal second-quarter figures in September.

October 7 price move

Argan traded between USD 393.48 and USD 410.20 during the October 7 session, with volume of 308,947 shares. The stock remains well below its 52-week high of USD 805.75 and above its 52-week low of USD 255.60, a spread that keeps valuation and execution central to the investment case.

The market capitalization stood at USD 5.7 billion on October 7, 2026. Argan operates through Power, Industrial and Teledata activities, with engineering, procurement and construction work forming the core of its energy infrastructure business.

Q2 revenue rose 61.5 percent

According to Business Wire in the company release dated September 2, 2026, fiscal Q2 2027 revenue reached USD 383.976 million, up 61.5 percent from USD 237.743 million in fiscal Q2 2026. Diluted EPS was USD 3.76, compared with USD 2.50 in the prior-year quarter.

Finance results for the quarter ended July 31, 2026, show net income of USD 53.302 million and gross profit of USD 74.218 million. The backlog stood at USD 2.5 billion at the quarter-end, giving the company a substantial base of contracted work while making project timing and replenishment important operating factors.

Consensus target is USD 476.67

According to MarketBeat on October 2, 2026, 10 analysts carried a Moderate Buy consensus and an average 12-month target of USD 476.67. That target lies 17.87 percent above the October 7 price of USD 404.39, creating a concrete gap between the market quote and the published consensus.

Business Wire reported on September 9, 2026, that Argan raised its quarterly dividend 40 percent from USD 0.50 to USD 0.70 per share. The payment is scheduled for October 30, 2026, for shareholders of record on October 22, 2026.

Stock remains below yearly high

Argan stock was last at USD 404.39 on October 7, 2026 at 4:00 p.m. ET. The combination of 61.5 percent quarterly revenue growth, a USD 2.5 billion backlog and a 40 percent dividend increase gives the shares a measurable growth and capital-return profile, while the 49.8 percent gap to the 52-week high highlights the market's wide recent valuation range.