Argan

AGX

Market cap $8.42B

Shares of Argan, Inc. AGX have surged 91.5% over the past six months, significantly outperforming the Zacks Building Products – Miscellaneous industry's 5.2% decline. The stock has further outpaced the broader Construction sector and the S&P 500 in the same period, as evidenced by the chart below.

Argan, Inc. (AGX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AGX's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Does Argan (AGX) have what it takes to be a top stock pick for momentum investors? Let's find out.

It also extended the initiative's end date. The company has done very well participating in AI build-outs.

Tariffs, inflation and housing headwinds weigh on the industry. Yet, AGX, SSD, ECG and ROAD stocks look primed to benefit from infrastructure and innovation tailwinds.

ARLINGTON, Va.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its Board of Directors (the “Board”) approved an increase to the Company's existing share repurchase program from $150 million to $200 million and extended the expiration date through January 31, 2030. The Board also 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 bus.

Argan, Inc. AGX is gradually building exposure to the data center market through its Teledata segment, which could support revenue growth. The segment aligns with rising demand for digital infrastructure, especially as data centers require reliable power and advanced network connectivity.

Cipher Digital continues to gain market share in the hot AI sector, but macro headwinds are still dragging down the stock. Caterpillar's power and energy segment is gaining momentum as the AI buildout continues.

Argan, Inc. AGX is showing early signs of recovery as new project awards begin to rebuild its backlog, improving revenue visibility following recent project timing fluctuations. The company ended the fiscal year on Jan. 31, 2026, with a consolidated project backlog of $2.93 billion.

Argan (AGX) possesses solid growth attributes, which could help it handily outperform the market.