David Harris Buys Shares of REX American Resources

David Harris made a notable investment in REX American Resources Corporation (NYSE:REX) by purchasing 6,053 shares on June 15, 2026. The transaction was not part of a pre-arranged trading plan.

Other Institutional Activity in REX American Resources

Several other institutional investors have adjusted their positions in REX American Resources. BlackRock, Inc. trimmed its holdings by 4,657 shares, leaving it with 5,493,426 shares valued at about $250.3 million. Dimensional Fund Advisors LP also reduced its stake by 68,153 shares, ending with 1,896,068 shares worth approximately $86.4 million. Meanwhile, State Street Corp increased its position by 109,786 shares, now holding 1,453,113 shares valued at $66.2 million.

REX American Resources Stock Snapshot

Shares of REX American Resources (NYSE:REX) traded near $43.68. The company has a market cap of approximately $1.44 billion and a P/E ratio of 15.6. REX's stock has seen a 52-week low of $23.82 and a high of $53.36. The 50-day moving average is $46.77, while the 200-day moving average is $37.22. The company maintains a strong current ratio of 6.76 and a quick ratio of 6.07, with a debt-to-equity ratio of 2.7.

Recent Earnings

REX American Resources reported revenues of $656.2 million, reflecting a growth of 3.6%. The company achieved a net margin of 14.1% and a return on equity of 15.8%. Earnings per share stood at $2.80. The next earnings report is scheduled for August 26, 2026.

Insider Buying and Selling at REX American Resources Corporation

In addition to David Harris's purchase, several other insiders bought shares on June 15, 2026. CFO Douglas Bruggeman acquired 49,266 shares, and Anne MacMillan, Cheryl Lea Bustos, and Edward Kress each purchased 4,423 shares. Executive Chairman Stuart Rose sold 19,211 shares at an average price of $42.97.

Analysts Set New Price Targets

Truist Securities reiterated its buy rating for REX American Resources on March 27, 2025, with a price target of $50. The consensus among analysts remains bullish, with a recommendation key focusing on a buy rating and a mean price target reflecting positive sentiment.

About REX American Resources

REX American Resources Corporation is a Dayton, Ohio-based company operating in the basic materials sector, specifically in chemicals. The company, led by CEO Zafar A. Rizvi, produces and sells ethanol and related products like corn, distillers grains, and distillers corn oil. Founded in 1980, REX employs 132 people and continues to play a significant role in the ethanol market in the United States.

Bottom Line

David Harris's recent purchase of REX American Resources shares is part of a broader pattern of activity among the company's insiders. These transactions provide insights into the confidence some insiders have in the company's future. Investors often track such insider activity for potential signals, although it's important to remember that these filings are reported after the fact.