Russell Investments Group 13F: Cuts Argan (AGX) Stake by $5.6M

Russell Investments Group, a major institutional investor, has reduced its holdings in Argan, Inc. (NYSE: AGX) by 8.18%. In its latest 13F filing with the SEC, the fund reported cutting 7,052 shares, bringing its total to 79,130 shares valued at about $57.98 million as of the reporting period.

What Changed in Russell Investments' Argan, Inc. Position

Russell Investments trimmed its position in Argan, Inc. from 86,182 shares to 79,130 shares, a decrease of 7,052 shares or 8.18%. The value of the holdings now stands at approximately $57.98 million. This reduction reflects a strategic adjustment in the fund's portfolio.

Other Institutional Activity in Argan, Inc.

Several other institutional investors have been active in Argan, Inc. BlackRock, Inc. significantly increased its position by adding 943,718 shares, now holding 2,123,299 shares valued at about $1.16 billion. First Trust Advisors LP also grew its stake, adding 192,204 shares to reach a total of 791,353 shares worth around $431.01 million. Renaissance Technologies LLC added 12,300 shares for a total of 610,899 shares valued at $332.73 million. Vanguard Capital Management LLC entered a new position with 587,466 shares valued at $319.96 million. State Street Corp increased its holdings by 205,653 shares, now holding 517,656 shares worth approximately $281.94 million.

Argan, Inc. Stock Up 104.0%

Shares of Argan, Inc. are trading near $732.77 on the NYSE. The company has a market capitalization of $10.36 billion and a P/E ratio of 64.87, with a forward P/E of 45.48. The stock's beta is 0.59, indicating lower volatility compared to the broader market. Over the past year, shares have ranged from $193.82 to $779.00. The 50-day moving average is $659.94, while the 200-day moving average is $429.75. Argan maintains a current ratio of 1.53 and a quick ratio of 1.48, with a debt-to-equity ratio of 2.02.

Recent Earnings

Argan, Inc. reported revenue of $1.04 billion with a growth rate of 50.2%. The company's net margin is 15.48%, and it achieved a return on equity of 38.52%. Earnings per share were $11.39. The next earnings report is expected on September 3, 2026.

Dividend

Argan, Inc. offers an annual dividend rate of $2.00, yielding 0.29%. The dividend payout ratio is 16.48%.

Insider Buying and Selling at Argan, Inc.

Several insider transactions occurred in June. Chief Financial Officer Joshua Scott Baugher sold 760 shares at an average price of $733.30 and 1,000 shares at $61.22, while also purchasing 455 shares at $61.22. Karen Sweeney sold 300 shares at $705.00. Peter Getsinger sold 2,000 shares at $699.00 and 4,728 shares at $708.65.

Analysts Set New Price Targets

On June 5, 2026, Lake Street maintained its hold rating for Argan, Inc. with a price target of $600. Goldman Sachs maintained a buy rating with a target of $518 on March 27, 2026. JP Morgan upgraded the stock to a buy with a target of $550 on the same date. The consensus recommendation for Argan is a buy, with a mean target price of $679.80 based on five analyst opinions.

About Argan, Inc.

Argan, Inc. provides engineering, procurement, construction, and technical consulting services primarily to the power generation market. The company operates in the United States, Republic of Ireland, and the United Kingdom through its Power, Industrial, and Teledata segments. Headquartered in Arlington, Virginia, Argan is led by CEO David Hibbert Watson and employs approximately 1,409 people.

Bottom Line

Russell Investments' recent trimming of its Argan, Inc. stake is part of its portfolio adjustment strategy, as reflected in its 13F filing. Investors often monitor such filings to gauge institutional confidence and strategic shifts. While this report provides a snapshot as of the filing date, it's important to remember that the actual current position may have changed since then.