On October 7, Argan rose 5.46% in regular trading, trading at $408.79/share, with Turnover of $78.60 million.

The advance followed the company's 40% quarterly dividend increase to $0.70 per share, announced last month, while Piper Sandler recently initiated coverage with an Underweight rating, creating divided sell-side sentiment. FactSet consensus shows an average Overweight rating and a mean target price of $573.

Argan's fiscal Q2 results, reported in early September, showed adjusted EPS of $3.76, beating the $2.64 consensus, with revenue of $384 million exceeding the $300.5 million estimate. The company provides engineering, procurement, and construction services primarily to the power generation market through its Power Services, Industrial Services, and Telecom Services segments.

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