Teacher Retirement System of Texas Boosts Stock Position in REX American Resources Co. (NYSE:REX)

Teacher Retirement System of Texas raised its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 104.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 43,946 shares of the energy company's stock after buying an additional 22,468 shares during the period. Teacher Retirement System of Texas owned about 0.25% of REX American Resources worth $1,832,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of REX. Hotchkis & Wiley Capital Management LLC raised its position in REX American Resources by 254.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 240,597 shares of the energy company's stock valued at $11,137,000 after acquiring an additional 172,780 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of REX American Resources by 8.3% in the 3rd quarter. Systematic Financial Management LP now owns 692,926 shares of the energy company's stock valued at $32,076,000 after purchasing an additional 52,891 shares during the period. Proficio Capital Partners LLC purchased a new stake in REX American Resources during the fourth quarter worth $890,000. Barclays PLC grew its position in REX American Resources by 87.3% during the third quarter. Barclays PLC now owns 42,855 shares of the energy company's stock valued at $1,983,000 after buying an additional 19,977 shares during the period. Finally, Geode Capital Management LLC increased its holdings in REX American Resources by 2.0% in the third quarter. Geode Capital Management LLC now owns 365,780 shares of the energy company's stock valued at $16,935,000 after buying an additional 7,080 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Truist Financial restated a "buy" rating and set a $50.00 target price (down from $55.00) on shares of REX American Resources in a research report on Thursday.

REX American Resources Stock Down 1.4 %

Shares of REX stock traded down $0.52 during trading hours on Monday, hitting $37.38. 7,764 shares of the company's stock were exchanged, compared to its average volume of 154,945. REX American Resources Co. has a fifty-two week low of $35.40 and a fifty-two week high of $60.79. The firm has a market cap of $656.65 million, a P/E ratio of 9.79 and a beta of 0.92. The firm has a 50 day moving average of $39.72 and a two-hundred day moving average of $42.57.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The business had revenue of $158.23 million for the quarter, compared to the consensus estimate of $163.00 million. During the same period last year, the firm posted $1.16 earnings per share. On average, equities analysts forecast that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources announced that its Board of Directors has approved a share buyback plan on Wednesday, March 26th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the energy company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

REX American Resources Company 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.