Shares of REX American Resources Corporation (NYSE:REX - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $55.23 and last traded at $54.83, with a volume of 84878 shares. The stock had previously closed at $54.68.
Analyst Ratings Changes
Separately, Truist Financial reaffirmed a "buy" rating and issued a $50.00 price target (down from $55.00) on shares of REX American Resources in a research note on Thursday, March 27th.
View Our Latest Research Report on REX American Resources
REX American Resources Price Performance
The company has a market capitalization of $876.35 million, a PE ratio of 16.52 and a beta of 0.56. The company has a 50 day moving average of $46.56 and a two-hundred day moving average of $42.22.
REX American Resources (NYSE:REX - Get Free Report) last released its earnings results on Wednesday, May 28th. The energy company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. REX American Resources had a return on equity of 8.97% and a net margin of 8.86%. The firm had revenue of $158.34 million for the quarter, compared to analysts' expectations of $161.00 million. On average, equities analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current year.
REX American Resources announced that its board has approved a share repurchase 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 usually an indication that the company's management believes its stock is undervalued.
Institutional Investors Weigh In On REX American Resources
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of REX American Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,316,404 shares of the energy company's stock valued at $49,457,000 after purchasing an additional 11,785 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of REX American Resources by 2.5% during the fourth quarter. Renaissance Technologies LLC now owns 876,003 shares of the energy company's stock valued at $36,521,000 after purchasing an additional 21,488 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of REX American Resources by 7.7% during the first quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company's stock valued at $27,625,000 after purchasing an additional 52,737 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of REX American Resources by 3.5% during the fourth quarter. Systematic Financial Management LP now owns 717,303 shares of the energy company's stock valued at $29,904,000 after purchasing an additional 24,377 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of REX American Resources by 9.7% during the first quarter. American Century Companies Inc. now owns 462,314 shares of the energy company's stock valued at $17,369,000 after purchasing an additional 40,693 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
About REX American Resources
(
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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.
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