Douglas Bruggeman Sells 2,000 Shares of REX American Resources (NYSE:REX) Stock

Key Points

• CFO Douglas Bruggeman sold 2,000 shares of REX on April 2 at an average price of $45.44 for $90,880, leaving him with 259,170 shares (a 0.77% reduction, valued at about $11.78M).
• REX posted a strong quarterly beat, reporting $1.32 EPS vs. a $0.14 consensus (revenue $157.96M slightly below estimates), and has seen recent analyst upgrades with a consensus rating of "Buy."
• Shares trade near recent highs (last $45.27; 52-week range $16.73–$48.66) with a market cap of ~$1.49B and a P/E of 18.11, while institutional investors own about 88% of the stock.

REX American Resources Corporation (NYSE:REX - Get Free Report) CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total transaction of $90,880.00. Following the sale, the chief financial officer directly owned 259,170 shares of the company's stock, valued at $11,776,684.80. This represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

REX American Resources Trading Down 0.3%

Shares of NYSE REX traded down $0.14 during trading hours on Friday, reaching $45.27. The stock had a trading volume of 196,053 shares, compared to its average volume of 269,936. REX American Resources Corporation has a 52-week low of $16.73 and a 52-week high of $48.66. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 18.11 and a beta of 0.61. The business's fifty day moving average price is $37.35 and its two-hundred day moving average price is $34.15.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The energy company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.14 by $1.18. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%.The company had revenue of $157.96 million for the quarter, compared to the consensus estimate of $162.00 million. Equities research analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On REX American Resources

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of REX American Resources by 112.9% in the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company's stock valued at $4,728,000 after acquiring an additional 81,869 shares during the period. AWH Capital L.P. purchased a new stake in shares of REX American Resources during the 2nd quarter worth $1,461,000. American Century Companies Inc. boosted its position in REX American Resources by 88.0% during the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company's stock valued at $25,305,000 after purchasing an additional 386,947 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in REX American Resources during the third quarter valued at about $931,000. Finally, Tudor Investment Corp ET AL purchased a new position in REX American Resources in the third quarter valued at about $2,341,000. Institutional investors own 88.12% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on REX. Weiss Ratings upgraded REX American Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Wall Street Zen raised shares of REX American Resources from a "hold" rating to a "buy" rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

REX American Resources Company Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.

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