Brandywine Global Investment Management LLC Boosts Holdings in REX American Resources Co. (NYSE:REX)

Brandywine Global Investment Management LLC grew its position in shares of REX American Resources Co. (NYSE:REX) by 382.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,530 shares of the energy company’s stock after purchasing an additional 47,180 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.34% of REX American Resources worth $2,482,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in REX. Illinois Municipal Retirement Fund grew its position in REX American Resources by 2.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company’s stock worth $364,000 after buying an additional 245 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of REX American Resources by 0.6% during the third quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock worth $3,640,000 after purchasing an additional 432 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of REX American Resources by 5.4% during the fourth quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company’s stock worth $491,000 after purchasing an additional 600 shares in the last quarter. FMR LLC increased its position in shares of REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company’s stock worth $109,000 after purchasing an additional 605 shares during the last quarter. Finally, Diversified Trust Co raised its stake in REX American Resources by 12.5% in the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock valued at $228,000 after purchasing an additional 610 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated a “buy” rating and set a $50.00 price objective (down previously from $55.00) on shares of REX American Resources in a research report on Thursday, March 27th.

REX American Resources Trading Down 0.3 %

REX opened at $38.32 on Thursday. The stock has a market capitalization of $673.17 million, a P/E ratio of 10.03 and a beta of 0.92. The stock has a 50-day moving average price of $39.51 and a 200-day moving average price of $42.46. REX American Resources Co. has a 12-month low of $35.40 and a 12-month high of $60.60.

REX American Resources (NYSE:REX) last issued its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.36. The business had revenue of $158.23 million for the quarter, compared to analysts’ expectations of $163.00 million. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same period last year, the business earned $1.16 earnings per share. On average, equities research analysts predict that REX American Resources Co. will post 2.93 EPS for the current year.

REX American Resources declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 26th that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the energy company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management 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.