Texas Industries Hits New 1-Year High at $90.84 (TXI)
Texas Industries (NYSE:TXI) shares hit a new 52-week high during trading on Monday , AnalystRatingsNetwork reports. The stock traded as high as $90.84 and last traded at $89.67, with a volume of 74,762 shares traded. The stock had previously closed at $90.07.
TXI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Texas Industries from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 4th. They now have a $90.80 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Texas Industries from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, analysts at Davidson raised their price target on shares of Texas Industries from $84.00 to $87.00 in a research note on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $75.27.
The stock has a 50-day moving average of $85.86 and a 200-day moving average of $77.94. The company has a market cap of $2.584 billion and a P/E ratio of 497.62.
Texas Industries (NYSE:TXI) last announced its earnings results on Wednesday, April 2nd. The company reported ($0.33) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.61) by $0.28. The company had revenue of $207.83 million for the quarter, compared to the consensus estimate of $255.42 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was up 47.0% on a year-over-year basis. Analysts expect that Texas Industries will post $-0.91 EPS for the current fiscal year.
Texas Industries, Inc is a supplier of heavy construction materials in the southwestern United States.
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