Brown Advisory Inc. Buys 52,737 Shares of REX American Resources Corporation (NYSE:REX)

Brown Advisory Inc. grew its position in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 7.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 735,300 shares of the energy company's stock after acquiring an additional 52,737 shares during the period. Brown Advisory Inc. owned about 4.32% of REX American Resources worth $27,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in REX American Resources by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,771 shares of the energy company's stock valued at $366,000 after purchasing an additional 323 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in REX American Resources by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 17,792 shares of the energy company's stock valued at $668,000 after purchasing an additional 345 shares during the last quarter. AlphaQuest LLC purchased a new stake in REX American Resources during the 4th quarter valued at $46,000. Victory Capital Management Inc. boosted its stake in REX American Resources by 1.5% during the 4th quarter. Victory Capital Management Inc. now owns 84,316 shares of the energy company's stock valued at $3,515,000 after purchasing an additional 1,221 shares during the last quarter. Finally, State of Wyoming boosted its stake in REX American Resources by 67.3% during the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company's stock valued at $151,000 after purchasing an additional 1,454 shares during 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 price target (down from $55.00) on shares of REX American Resources in a report on Thursday, March 27th.

REX American Resources Stock Performance

Shares of NYSE REX traded up $0.30 during midday trading on Friday, hitting $54.63. 87,813 shares of the stock traded hands, compared to its average volume of 132,805. The firm has a 50-day moving average of $45.70 and a two-hundred day moving average of $41.96. The firm has a market capitalization of $899.75 million, a P/E ratio of 16.97 and a beta of 0.56. REX American Resources Corporation has a one year low of $33.45 and a one year high of $55.01.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The energy company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.17. The firm had revenue of $158.34 million for the quarter, compared to analysts' expectations of $161.00 million. REX American Resources had a return on equity of 8.97% and a net margin of 8.86%. Equities analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its Board of Directors has approved a share buyback program on Wednesday, March 26th that authorizes the company to repurchase 1,500,000 outstanding shares. This repurchase authorization authorizes the energy company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

REX American Resources Profile

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.