📌 Argan, Inc. (AGX), a leader in engineering and construction services for the power sector, just caught Wall Street’s eye. Lake Street has shifted its stance from ‘Hold’ to ‘Buy’, assigning a compelling price target of $150. This bullish pivot comes on the heels of a powerful Q4 performance and a notable dip in the stock’s price — creating what analysts see as an attractive entry point.
📌 On March 28, 2025, Argan closed at $138.18, marking a sharp 19.92% jump from the previous session. Trading action ranged from $127.36 to $150.53, driven by heavy volume of over 1 million shares — a clear sign of renewed investor interest.
💰 From a dividend standpoint, Argan delivers solid value for income-focused investors. The company pays a quarterly dividend of $0.375 per share, totaling $1.50 annually. This places the current dividend yield at 1.16%, a respectable return given the company’s strong balance sheet and forward earnings potential. The last ex-dividend date was January 23, 2025, with payment on January 31.
📌 The upgrade signals confidence in Argan’s trajectory — bolstered by strong fundamentals, a rebounding stock price, and consistent cash returns to shareholders. If you’re looking for a mid-cap with a healthy mix of growth potential and dividend dependability, Argan may be worth a closer look.