Argan, Inc. Hits New 52-Week High, Surging 362.8% in Stock Price

Argan, Inc., a small-cap player in the construction industry, has reached a significant milestone by hitting a new 52-week high of USD 366.46 on November 19, 2025. This achievement underscores the company's remarkable performance over the past year, with a staggering 362.8% increase compared to the S&P 500's 12.28% gain during the same period.
The company's strong fundamentals are reflected in its impressive financial metrics. Argan boasts a return on equity of 29.94% and a low debt-to-equity ratio of -1.45, indicating a solid financial position. Additionally, the company has consistently reported positive results for the last eight consecutive quarters, with a notable return on capital employed (ROCE) of 33.43% in the first half of the year.

With a market capitalization of USD 2,815 million, Argan's stock is trading at a premium relative to its peers, supported by high institutional holdings at 98.05%. The stock's performance has been bolstered by a significant reduction in raw material costs, which fell by 38.28% year-over-year, further enhancing its profitability.