Stuart A. Rose, serving as the Executive Chairman of the Board at REX AMERICAN RESOURCES Corp (NASDAQ:REX), completed the sale of 69,335 shares of the company's common stock on June 17, 2026. The total value of these transactions amounted to $3,034,751. The shares were sold in multiple transactions at prices ranging from $43.50 to $44.23 per share, with a weighted average price of $43.7694 per share.
The timing of this sale is notable given REX's impressive 75% return over the past year, though InvestingPro data suggests the stock is currently overvalued relative to its Fair Value. An InvestingPro Tip highlights that REX is trading at a low P/E ratio relative to near-term earnings growth, with a PEG ratio of just 0.21. Investors can access 10 additional ProTips and a comprehensive Pro Research Report at InvestingPro.
Following these sales, Mr. Rose directly holds 588,280 shares of REX common stock. Additionally, 2,328,324 shares are held indirectly by a foundation.
In other recent news, REX American Resources reported a notable first quarter for 2026, with earnings per share (EPS) reaching $0.56, significantly beating the anticipated $0.14. This result represents a remarkable 300% surprise in EPS, underscoring strong profitability. However, the company's revenue for the quarter was $156.5 million, which did not meet the expected $167.23 million, missing the target by 6.42%. In addition to financial results, the board of directors approved a new Restricted Stock Unit (RSU) Award Agreement under the 2026 Incentive Plan. This agreement will facilitate the granting of restricted stock units to eligible participants. The details of the RSU Award Agreement were filed with the Securities and Exchange Commission. These recent developments highlight significant financial performance and strategic decisions by REX American Resources.
Key Points:
- Executive Chairman Stuart Rose sold 69,335 shares for $3,034,751 on June 17, 2026.
- REX American Resources reported Q1 2026 EPS of $0.56, beating estimates by 300%, but missed revenue targets.
- The board approved a new RSU Award Agreement under the 2026 Incentive Plan, with details filed with the SEC.
Risks and Uncertainties:
- Despite strong EPS, revenue missed estimates by 6.42%, indicating potential demand or pricing pressures in the industrials sector.
- InvestingPro data suggests the stock may be overvalued relative to its Fair Value, despite a low PEG ratio of 0.21.