Valuation Update With 7 Day Price Move • 19h
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$520, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 14x in the Construction industry in the United Kingdom. Total returns to shareholders of 1,303% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$248 per share. Upcoming Dividend • Jul 16
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 23 July 2026. Payment date: 31 July 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$648, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 14x in the Construction industry in the United Kingdom. Total returns to shareholders of 1,586% over the past three years. Recent Insider Transactions • Jun 29
Director recently sold US$37m worth of stock On the 22nd of June, William Griffin sold around 50k shares on-market at roughly US$740 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$138m more than they bought in the last 12 months. Recent Insider Transactions • Jun 17
Director recently sold US$32m worth of stock On the 12th of June, William Griffin sold around 50k shares on-market at roughly US$643 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$93m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$705, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 13x in the Construction industry in the United Kingdom. Total returns to shareholders of 1,758% over the past three years. Declared Dividend • Jun 13
First quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 23rd July 2026 Payment date: 31st July 2026 Dividend yield will be 0.3%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 6%. Announcement • Jun 12
Argan, Inc. announces Quarterly dividend, payable on July 31, 2026 Argan, Inc. announced Quarterly dividend of USD 0.5000 per share payable on July 31, 2026, ex-date on July 23, 2026 and record date on July 23, 2026. Reported Earnings • Jun 05
First quarter 2027 earnings released: EPS: US$3.30 (vs US$1.66 in 1Q 2026) First quarter 2027 results: EPS: US$3.30 (up from US$1.66 in 1Q 2026). Revenue: US$291.0m (up 50% from 1Q 2026). Net income: US$46.1m (up 104% from 1Q 2026). Profit margin: 16% (up from 12% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 160% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
Argan, Inc. to Report Q1, 2027 Results on Jun 04, 2026 Argan, Inc. announced that they will report Q1, 2027 results at 4:00 PM, US Eastern Standard Time on Jun 04, 2026 Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$731, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 13x in the Construction industry in the United Kingdom. Total returns to shareholders of 1,734% over the past three years. Recent Insider Transactions • Apr 30
Independent Chairman recently sold US$3.6m worth of stock On the 28th of April, William Leimkuhler sold around 6k shares on-market at roughly US$618 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. William has been a net seller over the last 12 months, reducing personal holdings by US$16m. Announcement • Apr 22
Argan, Inc., Annual General Meeting, Jun 10, 2026 Argan, Inc., Annual General Meeting, Jun 10, 2026. Location: 4075 wilson boulevard, 2nd floor conference center, va 22203, arlington United States Declared Dividend • Apr 12
Fourth quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 22nd April 2026 Payment date: 30th April 2026 Dividend yield will be 0.3%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 7%. Announcement • Apr 09
Argan, Inc. Declares Regular Quarterly Cash Dividend on Common Share, Payable on April 30, 2026 Argan, Inc. announced that its Board declared a regular quarterly cash dividend in the amount of $0.50 per common share. The dividend will be payable on April 30, 2026, to stockholders of record at the close of business on April 22, 2026. Recent Insider Transactions • Apr 07
Independent Director recently sold US$2.5m worth of stock On the 31st of March, John Jeffrey sold around 5k shares on-market at roughly US$540 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$7.3m. Insiders have been net sellers, collectively disposing of US$57m more than they bought in the last 12 months. New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Significant insider selling over the past 3 months (US$17m sold). Reported Earnings • Mar 27
Full year 2026 earnings released: EPS: US$10.00 (vs US$6.36 in FY 2025) Full year 2026 results: EPS: US$10.00 (up from US$6.36 in FY 2025). Revenue: US$944.6m (up 8.1% from FY 2025). Net income: US$137.8m (up 61% from FY 2025). Profit margin: 15% (up from 9.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 141% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$407, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 13x in the Construction industry in the United Kingdom. Total returns to shareholders of 974% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$275 per share. Announcement • Mar 12
Argan, Inc. to Report Q4, 2026 Results on Mar 26, 2026 Argan, Inc. announced that they will report Q4, 2026 results After-Market on Mar 26, 2026 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$407, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 14x in the Construction industry in the United Kingdom. Total returns to shareholders of 947% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$204 per share. New Risk • Jan 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Significant insider selling over the past 3 months (US$6.2m sold). Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$370, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 15x in the Construction industry in the United Kingdom. Total returns to shareholders of 887% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$206 per share. Upcoming Dividend • Jan 15
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 22 January 2026. Payment date: 30 January 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (2.5%). Recent Insider Transactions • Jan 12
Independent Director recently sold US$1.3m worth of stock On the 7th of January, Peter Getsinger sold around 4k shares on-market at roughly US$328 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.5m. Insiders have been net sellers, collectively disposing of US$43m more than they bought in the last 12 months. Declared Dividend • Dec 14
Third quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 22nd January 2026 Payment date: 30th January 2026 Dividend yield will be 0.5%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 10%. Recent Insider Transactions • Dec 12
Lead Independent Director recently sold US$328k worth of stock On the 10th of December, James Quinn sold around 1k shares on-market at roughly US$328 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$4.3m. Insiders have been net sellers, collectively disposing of US$43m more than they bought in the last 12 months. Announcement • Dec 12
Argan, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 30, 2026 Argan, Inc. announced that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.50 per share of common stock. The dividend will be payable on January 30, 2026, to stockholders of record at the close of business on January 22, 2026. Reported Earnings • Dec 05
Third quarter 2026 earnings released: EPS: US$2.22 (vs US$2.07 in 3Q 2025) Third quarter 2026 results: EPS: US$2.22 (up from US$2.07 in 3Q 2025). Revenue: US$251.2m (down 2.3% from 3Q 2025). Net income: US$30.7m (up 9.7% from 3Q 2025). Profit margin: 12% (up from 11% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$391, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 12x in the Construction industry in the United Kingdom. Total returns to shareholders of 1,019% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$297 per share. Announcement • Nov 20
Argan, Inc. to Report Q3, 2026 Results on Dec 04, 2025 Argan, Inc. announced that they will report Q3, 2026 results After-Market on Dec 04, 2025 Buy Or Sell Opportunity • Nov 10
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to US$329. The fair value is estimated to be US$267, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 57%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Recent Insider Transactions • Oct 22
Independent Director recently sold US$2.5m worth of stock On the 20th of October, Peter Getsinger sold around 8k shares on-market at roughly US$294 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$4.3m. Insiders have been net sellers, collectively disposing of US$43m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$313, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 13x in the Construction industry in the United Kingdom. Total returns to shareholders of 140% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$281 per share. Buy Or Sell Opportunity • Oct 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to US$275. The fair value is estimated to be US$225, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 57%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Recent Insider Transactions • Sep 23
Lead Independent Director recently sold US$4.3m worth of stock On the 22nd of September, James Quinn sold around 17k shares on-market at roughly US$260 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$30m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 13% After last week's 13% share price gain to US$232, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 10x in the Construction industry in the United Kingdom. Total returns to shareholders of 548% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$232 per share. Declared Dividend • Sep 15
Second quarter dividend increased to US$0.50 Dividend of US$0.50 is 33% higher than last year. Ex-date: 23rd October 2025 Payment date: 31st October 2025 Dividend yield will be 0.7%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 15%. Announcement • Sep 11
Argan, Inc. Declares Increase in the Quarterly Cash Dividend, Payable on October 31, 2025 Argan, Inc. announced that its Board of Directors declared a 33% increase in the quarterly cash dividend, raising it from $0.375 to $0.50 per common share. The dividend will be payable on October 31, 2025, to stockholders of record at the close of business on October 23, 2025. Reported Earnings • Sep 05
Second quarter 2026 earnings released: EPS: US$2.57 (vs US$1.36 in 2Q 2025) Second quarter 2026 results: EPS: US$2.57 (up from US$1.36 in 2Q 2025). Revenue: US$237.7m (up 4.7% from 2Q 2025). Net income: US$35.3m (up 94% from 2Q 2025). Profit margin: 15% (up from 8.0% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 21
Argan, Inc. to Report Q2, 2026 Results on Sep 04, 2025 Argan, Inc. announced that they will report Q2, 2026 results After-Market on Sep 04, 2025 Buy Or Sell Opportunity • Aug 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to US$230. The fair value is estimated to be US$191, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Recent Insider Transactions • Jul 31
Independent Director recently sold US$469k worth of stock On the 30th of July, Cynthia Flanders sold around 2k shares on-market at roughly US$235 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.5m. Insiders have been net sellers, collectively disposing of US$32m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$243, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 599% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$191 per share. Upcoming Dividend • Jul 16
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 23 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (2.8%). Buy Or Sell Opportunity • Jul 16
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to US$225. The fair value is estimated to be US$182, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Recent Insider Transactions • Jul 01
Independent Chairman recently sold US$2.6m worth of stock On the 30th of June, William Leimkuhler sold around 12k shares on-market at roughly US$222 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.5m. William has been a net seller over the last 12 months, reducing personal holdings by US$3.5m. Buy Or Sell Opportunity • Jun 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 84% to US$213. The fair value is estimated to be US$176, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Declared Dividend • Jun 22
First quarter dividend of US$0.38 announced Shareholders will receive a dividend of US$0.38. Ex-date: 23rd July 2025 Payment date: 31st July 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 11%. Announcement • Jun 18
Argan, Inc. Announces Term Expiry of Rainer Bosselmann as Director Argan, Inc. thanks Rainer Bosselmann, Argan’s founder and former Chief Executive Officer and Chairman of the Board, who has completed his final term as a director. Rainer’s vision and entrepreneurial spirit laid the groundwork for the Company’s sustained performance and long-term value creation. Recent Insider Transactions • Jun 13
CEO, President & Director recently sold US$3.5m worth of stock On the 11th of June, David Watson sold around 17k shares on-market at roughly US$211 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by US$4.7m. Reported Earnings • Jun 05
First quarter 2026 earnings released: EPS: US$1.66 (vs US$0.59 in 1Q 2025) First quarter 2026 results: EPS: US$1.66 (up from US$0.59 in 1Q 2025). Revenue: US$193.7m (up 23% from 1Q 2025). Net income: US$22.6m (up 186% from 1Q 2025). Profit margin: 12% (up from 5.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in the United Kingdom. Buy Or Sell Opportunity • Jun 03
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 75% to US$216. The fair value is estimated to be US$176, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • May 21
Argan, Inc. to Report Q1, 2026 Results on Jun 04, 2025 Argan, Inc. announced that they will report Q1, 2026 results After-Market on Jun 04, 2025 Recent Insider Transactions • May 04
Insider recently sold US$238k worth of stock On the 30th of April, Richard Deily sold around 2k shares on-market at roughly US$152 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.2m. Insiders have been net sellers, collectively disposing of US$26m more than they bought in the last 12 months. Recent Insider Transactions • Apr 19
Independent Director recently sold US$1.1m worth of stock On the 16th of April, Peter Getsinger sold around 7k shares on-market at roughly US$147 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger sale from another insider worth US$3.2m. Insiders have been net sellers, collectively disposing of US$26m more than they bought in the last 12 months. Declared Dividend • Apr 13
Fourth quarter dividend of US$0.38 announced Shareholders will receive a dividend of US$0.38. Ex-date: 22nd April 2025 Payment date: 30th April 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 13%. Announcement • Apr 12
Argan, Inc. announces Quarterly dividend, payable on April 30, 2025 Argan, Inc. announced Quarterly dividend of USD 0.3750 per share payable on April 30, 2025, ex-date on April 22, 2025 and record date on April 22, 2025. Announcement • Apr 10
Argan, Inc. Appoints Lisa Larroque Alexander to Board of Directors Argan, Inc. announced the appointment of Lisa Larroque Alexander to its Board of Directors. Ms. Alexander serves as Senior Vice President at Sempra. She leads global corporate affairs and enterprise human resources, overseeing public policy, stakeholder engagement, talent development, pensions and trusts, and corporate ethics, sustainability, and human resources. With extensive experience at Sempra and its subsidiaries, Ms. Alexander has led strategy, research and development, public policy, industrial customer operations, and service delivery. Recent Insider Transactions • Apr 04
Director recently sold US$3.2m worth of stock On the 1st of April, Rainer Bosselmann sold around 25k shares on-market at roughly US$129 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$26m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$137, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 9x in the Construction industry in the United Kingdom. Total returns to shareholders of 271% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$182 per share. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: US$6.36 (vs US$2.42 in FY 2024) Full year 2025 results: EPS: US$6.36 (up from US$2.42 in FY 2024). Revenue: US$874.2m (up 53% from FY 2024). Net income: US$85.5m (up 164% from FY 2024). Profit margin: 9.8% (up from 5.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in the United Kingdom. Announcement • Mar 13
Argan, Inc. to Report Q4, 2025 Results on Mar 27, 2025 Argan, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 27, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$109, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 126% over the past year. Announcement • Feb 21
Argan, Inc. Appoints Brian Orlandi as CEO of SMC Infrastructure Solutions Argan, Inc. announced the appointment of Brian Orlandi as the Chief Executive Officer of its subsidiary, SMC Infrastructure Solutions (“SMCiS”). Brian Orlandi brings a wealth of experience and a proven track record in the infrastructure and construction sectors, making him the ideal leader to guide SMCiS into its next phase of growth and innovation. With over 25 years of industry experience, Mr. Orlandi has demonstrated exceptional leadership in driving operational excellence, fostering strategic partnerships, and spearheading transformative growth initiatives. Prior to joining SMCiS, Mr. Orlandi served as Vice President and General Manager for Timberline Communications Inc., led the New Site Build Team for Empire Telecom in New England, and held key leadership roles on major infrastructure projects for Vertex Towers, Varsity Wireless, American Tower, and Crown Castle. In his new role, Mr. Orlandi will focus on expanding the market presence of SMCiS, enhancing customer satisfaction, and driving sustainable growth through innovation and strategic execution. This appointment represents a significant step in aligning the operations of SMCiS with Argan’s commitment to excellence and innovation. New Risk • Feb 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Significant insider selling over the past 3 months (US$1.1m sold). Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$137, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 277% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$175, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$280 per share. Recent Insider Transactions • Jan 11
Insider recently sold US$300k worth of stock On the 8th of January, Richard Deily sold around 2k shares on-market at roughly US$150 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.8m. Insiders have been net sellers, collectively disposing of US$24m more than they bought in the last 12 months. Recent Insider Transactions • Jan 04
Independent Director recently sold US$695k worth of stock On the 31st of December, John Jeffrey sold around 5k shares on-market at roughly US$139 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.8m. Insiders have been net sellers, collectively disposing of US$23m more than they bought in the last 12 months. Declared Dividend • Dec 16
Third quarter dividend of US$0.38 announced Shareholders will receive a dividend of US$0.38. Ex-date: 23rd January 2025 Payment date: 31st January 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 26%. Cash payout ratio: 14%. Announcement • Dec 13
Argan, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 31, 2025 Argan, Inc. announced that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.375 per common share. The dividend will be payable on January 31, 2025 to stockholders of record at the close of business on January 23, 2025. Reported Earnings • Dec 06
Third quarter 2025 earnings released: EPS: US$2.07 (vs US$0.41 in 3Q 2024) Third quarter 2025 results: EPS: US$2.07 (up from US$0.41 in 3Q 2024). Revenue: US$257.0m (up 57% from 3Q 2024). Net income: US$28.0m (up 413% from 3Q 2024). Profit margin: 11% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$153, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 268% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$87.16 per share. Announcement • Nov 21
Argan, Inc. to Report Q3, 2025 Results on Dec 05, 2024 Argan, Inc. announced that they will report Q3, 2025 results After-Market on Dec 05, 2024 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$154, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 294% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$85.67 per share. Recent Insider Transactions • Nov 03
Director recently sold US$1.0m worth of stock On the 30th of October, William Griffin sold around 8k shares on-market at roughly US$136 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.8m. Insiders have been net sellers, collectively disposing of US$23m more than they bought in the last 12 months. Recent Insider Transactions • Oct 22
Director recently sold US$2.8m worth of stock On the 21st of October, Rainer Bosselmann sold around 21k shares on-market at roughly US$130 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$22m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$129, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 10x in the Construction industry in the United Kingdom. Total returns to shareholders of 178% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$88.95 per share. Upcoming Dividend • Oct 16
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 23 October 2024. Payment date: 31 October 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (3.0%). Announcement • Oct 11
Argan, Inc. Announces Demise of W.G. Champion Mitchell, Board Member Argan, Inc. announced that board member W.G. Champion Mitchell passed away on October 8, 2024. Mr. Mitchell joined Argan’s Board of Directors in October 2003 and served on the Executive Committee and the Nominating/Corporate Governance Committee. In addition to his board position with Argan, he served on the boards of two privately held companies, Direct Brands, Inc. and The 41stParameter, Inc. He was also a current member of the board of governors for RTI International and a former member of the board of governors for the University of North Carolina system that controls all state-owned universities and operates the larger hospital system in the state. Buy Or Sell Opportunity • Oct 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to US$106. The fair value is estimated to be US$87.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 5.7%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Declared Dividend • Sep 23
Second quarter dividend increased to US$0.38 Dividend of US$0.38 is 25% higher than last year. Ex-date: 23rd October 2024 Payment date: 31st October 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 19
Argan, Inc. Declares Quarterly Cash Dividend, Payable on October 31, 2024 Argan, Inc. announced that on September 17, 2024, its Board of Directors declared a 25% increase in the quarterly cash dividend, raising it from $0.30 to $0.375 per common share. The dividend will be payable on October 31, 2024, to stockholders of record at the close of business on October 23, 2024. Recent Insider Transactions • Sep 12
Director recently sold US$2.5m worth of stock On the 11th of September, Rainer Bosselmann sold around 28k shares on-market at roughly US$89.61 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$3.8m. Insiders have been net sellers, collectively disposing of US$16m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$88.92, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 102% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$89.93 per share. Reported Earnings • Sep 06
Second quarter 2025 earnings released: EPS: US$1.36 (vs US$0.95 in 2Q 2024) Second quarter 2025 results: EPS: US$1.36 (up from US$0.95 in 2Q 2024). Revenue: US$227.0m (up 61% from 2Q 2024). Net income: US$18.2m (up 43% from 2Q 2024). Profit margin: 8.0% (down from 9.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in the United Kingdom. New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Significant insider selling over the past 3 months (US$8.1m sold). Recent Insider Transactions • Jul 28
CEO, President & Director recently sold US$1.2m worth of stock On the 24th of July, David Watson sold around 15k shares on-market at roughly US$77.79 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.8m. This was David's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$79.48, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 103% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$93.19 per share. 
