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

Brown Advisory Inc. increased its position in REX American Resources Corporation (NYSE:REX - Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 735,300 shares of the energy company's stock after acquiring an additional 52,737 shares during the quarter. 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 large investors also recently modified their holdings of REX. Principal Financial Group Inc. lifted its position in REX American Resources by 2.5% during the first quarter. Principal Financial Group Inc. now owns 83,808 shares of the energy company's stock valued at $3,149,000 after purchasing an additional 2,082 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in REX American Resources by 15.0% during the first quarter. Exchange Traded Concepts LLC now owns 27,831 shares of the energy company's stock valued at $1,046,000 after purchasing an additional 3,621 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in REX American Resources by 2.0% during the first 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. SG Americas Securities LLC lifted its position in REX American Resources by 340.4% during the first quarter. SG Americas Securities LLC now owns 25,022 shares of the energy company's stock valued at $940,000 after purchasing an additional 19,340 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in REX American Resources by 12.9% during the first quarter. Wedge Capital Management L L P NC now owns 28,218 shares of the energy company's stock valued at $1,060,000 after purchasing an additional 3,221 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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 research note on Thursday, March 27th.

REX American Resources Stock Performance

NYSE:REX traded up $0.37 during midday trading on Thursday, reaching $54.41. 85,327 shares of the stock traded hands, compared to its average volume of 133,111. The company has a fifty day moving average of $45.14 and a 200 day moving average of $41.77. REX American Resources Corporation has a 12 month low of $33.45 and a 12 month high of $54.74. The stock has a market capitalization of $896.13 million, a P/E ratio of 16.90 and a beta of 0.56.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The energy company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.34 by $0.17. The business had revenue of $158.34 million during the quarter, compared to analyst estimates of $161.00 million. REX American Resources had a net margin of 8.86% and a return on equity of 8.97%. On average, analysts predict that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

REX American Resources announced that its Board of Directors has approved a stock buyback plan on Wednesday, March 26th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the energy company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is 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.