Trexquant Investment 13F: Cuts Argan (AGX) Stake by $9.7M

Trexquant Trims Argan Position

Trexquant Investment reduced its stake in Argan, Inc. (NYSE:AGX) by 12,210 shares during the quarter, according to its latest Form 13F filing with the SEC. The fund cut its position by 17.5%, leaving it with 57,471 shares at the close of the period. Based on reporting values, the remaining stake carried an estimated worth of $45.72 million. Because 13F filings look backward at holdings from the end of a reporting period, the document captures past portfolio adjustments and may not reflect the fund's current holdings today.

Stock Trades Near Highs

Argan shares have experienced a strong run, recently trading near their 52-week high of $805.75 after dipping as low as $240.24 over the past year. The company carries a price-to-earnings ratio of 30.0 and a forward P/E of 23.4. Its 50-day moving average sits at $509.65, while the 200-day average rests at $514.72. These valuation metrics reflect how the equity has performed since the quarter covered by the institutional filing.

Recent Earnings and Financial Health

The engineering firm posted $1.19 billion in revenue alongside a revenue growth rate of 61.5%. Profitability metrics show a net margin of 15.1% and a return on equity of 39.8%. Earnings per share reached $12.67. The company's next earnings report is scheduled for December 3, 2026.

Corporate Insider Activity

Inside the company, executives have adjusted their personal share counts as well. On June 18, 2026, William Griffin Jr. sold 30,000 shares of Argan at a price of $725.85, totaling $21.78 million in transaction value. Insider sales reflect personal portfolio choices and do not inherently signal a directional view on the stock.

Analysts Set New Price Targets

Wall Street firms continue to evaluate the engineering contractor's prospects. On September 29, 2026, JP Morgan maintained its Overweight rating while lowering its price target from $800.00 to $785.00. Earlier, on September 9, 2026, Piper Sandler initiated coverage with an Underweight rating and a $273.00 price target. Lake Street upgraded the stock to a Buy on September 3, 2026, setting a $600.00 target. The stock holds a consensus Buy recommendation overall with a mean price target of $573.00 across six analyst opinions.

Company Background

Argan, Inc. provides engineering, procurement, construction, and maintenance services for power generation, industrial, and teledata markets. Headquartered in Arlington, Virginia, the firm builds large-scale energy projects and utility infrastructure for public utilities and independent power producers.

What to Watch at Argan, Inc.

Investors will want to watch for the company's next earnings report on December 3, 2026, to check on ongoing project execution and revenue growth. Subsequent institutional filings will show whether other major funds continue trimming positions after the stock's recent gains. These reports serve as historical snapshots rather than active trading advice.