REX American Resources (NYSE:REX) Sets New 1-Year High - Time to Buy?

Key Points

• REX hit a new 52-week high, trading as high as $51.36 (last $51.2160) on higher volume and sitting well above its 50‑day ($41.78) and 200‑day ($36.19) moving averages, with a market cap of about $1.69 billion and a P/E of 20.49.
• Analyst sentiment turned positive after Weiss Ratings upgraded REX from "hold (c+)" to "buy (b-)," and the stock carries a MarketBeat consensus rating of "Buy."
• Quarterly results showed an EPS beat—$1.32 vs. $0.14 expected—while revenue slightly missed ($157.96M vs. $162M); the company reported a 12.75% net margin and a 12.72% return on equity.

REX American Resources Corporation (NYSE:REX - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.36 and last traded at $51.2160, with a volume of 171574 shares changing hands. The stock had previously closed at $49.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of REX American Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy".

REX American Resources Trading Up 2.5%

The firm's 50-day moving average price is $41.78 and its 200 day moving average price is $36.19. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 20.49 and a beta of 0.63.

REX American Resources (NYSE:REX - Get Free Report) last issued its earnings results on Thursday, March 26th. The energy company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.14 by $1.18. The company had revenue of $157.96 million during the quarter, compared to analysts' expectations of $162.00 million. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%.

Insider Activity at REX American Resources

In other news, CFO Douglas Bruggeman sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total value of $90,880.00. Following the completion of the transaction, the chief financial officer directly owned 259,170 shares in the company, valued at approximately $11,776,684.80. The trade was a 0.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.91% of the company's stock.

Hedge Funds Weigh In On REX American Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of REX American Resources by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 163,362 shares of the energy company's stock valued at $7,444,000 after buying an additional 1,288 shares in the last quarter. Fifth Third Bancorp raised its position in shares of REX American Resources by 3,893.8% in the 1st quarter. Fifth Third Bancorp now owns 7,748 shares of the energy company's stock valued at $353,000 after buying an additional 7,554 shares in the last quarter. Hsbc Holdings PLC increased its position in REX American Resources by 18.6% during the 1st quarter. Hsbc Holdings PLC now owns 16,677 shares of the energy company's stock worth $778,000 after purchasing an additional 2,618 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in REX American Resources during the 1st quarter worth approximately $1,800,000. Finally, Pictet Asset Management Holding SA acquired a new position in REX American Resources during the 1st quarter worth approximately $248,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

About REX American Resources

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.