REX American Resources Corporation $REX Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of REX American Resources Corporation (NYSE:REX) by 112.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 154,397 shares of the energy company’s stock after buying an additional 81,869 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of REX American Resources worth $4,728,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AWH Capital L.P. purchased a new stake in REX American Resources in the 2nd quarter worth approximately $1,461,000. Y Intercept Hong Kong Ltd purchased a new position in shares of REX American Resources during the 3rd quarter worth $931,000. Teacher Retirement System of Texas boosted its holdings in shares of REX American Resources by 112.2% during the third quarter. Teacher Retirement System of Texas now owns 53,794 shares of the energy company’s stock worth $1,647,000 after purchasing an additional 28,445 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of REX American Resources in the second quarter valued at $271,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in REX American Resources in the second quarter valued at $220,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Price Performance

Shares of NYSE:REX opened at $33.15 on Monday. The business has a 50-day moving average of $33.64 and a two-hundred day moving average of $31.84. The firm has a market capitalization of $1.09 billion, a PE ratio of 22.17 and a beta of 0.76. REX American Resources Corporation has a 12 month low of $16.73 and a 12 month high of $36.50.

REX American Resources (NYSE:REX) last issued its earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.45. REX American Resources had a return on equity of 7.89% and a net margin of 7.73%.The business had revenue of $175.63 million during the quarter, compared to analysts’ expectations of $169.00 million. During the same quarter in the previous year, the business earned $1.38 EPS. As a group, research analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings cut REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

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.