Brown Advisory Inc. Purchases 60,600 Shares of REX American Resources Co. (NYSE:REX)

Brown Advisory Inc. raised its stake in REX American Resources Co. (NYSE:REX - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 682,563 shares of the energy company's stock after purchasing an additional 60,600 shares during the quarter. Brown Advisory Inc. owned about 3.88% of REX American Resources worth $28,456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of REX. Balyasny Asset Management L.P. purchased a new stake in REX American Resources during the 4th quarter worth $284,000. Ameriprise Financial Inc. increased its holdings in shares of REX American Resources by 8.6% in the 4th quarter. Ameriprise Financial Inc. now owns 89,543 shares of the energy company's stock worth $3,733,000 after acquiring an additional 7,098 shares during the period. Jane Street Group LLC acquired a new position in shares of REX American Resources during the fourth quarter worth approximately $1,734,000. Lido Advisors LLC lifted its stake in shares of REX American Resources by 44.8% in the 4th quarter. Lido Advisors LLC now owns 6,522 shares of the energy company's stock worth $272,000 after acquiring an additional 2,017 shares during the period. Finally, Northern Trust Corp raised its stake in shares of REX American Resources by 1.3% in the 4th quarter. Northern Trust Corp now owns 231,773 shares of the energy company's stock worth $9,663,000 after buying an additional 2,882 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reissued a "buy" rating and set a $50.00 target price (down from $55.00) on shares of REX American Resources in a research note on Thursday, March 27th.

REX American Resources Price Performance

NYSE REX traded up $0.65 on Friday, hitting $41.16. 93,363 shares of the company were exchanged, compared to its average volume of 149,906. REX American Resources Co. has a twelve month low of $33.45 and a twelve month high of $60.09. The firm has a market capitalization of $683.91 million, a P/E ratio of 10.77 and a beta of 0.51. The company's 50 day moving average price is $38.29 and its 200-day moving average price is $41.18.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The business had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. During the same quarter in the prior year, the firm earned $1.16 EPS. As a group, equities analysts expect that REX American Resources Co. will post 2.93 EPS for the current year.

REX American Resources declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 26th that permits the company to repurchase 1,500,000 outstanding shares. This repurchase authorization permits the energy company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

About REX American Resources

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.