Insider Selling: Texas Industries major shareholder Sells 347,823 Shares of Stock (TXI)
Texas Industries (NYSE:TXI) major shareholder Holding Nns unloaded 347,823 shares of the company’s stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $93.42, for a total value of $32,493,624.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Texas Industries (NYSE:TXI) remained flat at $92.10 during during mid-day trading trading on Thursday. Texas Industries has a 52 week low of $53.23 and a 52 week high of $95.35. The stock has a 50-day moving average of $88.46 and a 200-day moving average of $81.93. The company has a market cap of $2.655 billion and a P/E ratio of 508.84.
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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $75.27.
Texas Industries, Inc is a supplier of heavy construction materials in the southwestern United States.
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