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Texas Industries (TXI) Worth Watching: Stock Soars 13.6% - Tale of the Tape

By: Zacks.com
Posted: 12/16/2013 9:34:00 AM
Referenced Stocks: JHX;TXI;VSEC;WGO

Texas Industries Inc. ( TXI ) was a big mover last session with its shares rising nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $56.28 to $58.85 in the past one-month time frame.

This heavy construction materials manufacturer has seen no estimate revision in the last 30 days. However, the Zacks Consensus Estimate moved higher over the same period, implying greater trading potential for Texas Industries. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.

Texas Industries presently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the broader construction sector include VSE Corp. ( VSEC ), Winnebago Industries, Inc. ( WGO ) and James Hardie Industries plc ( JHX ). All these stocks sport a Zacks Rank #1 (Strong Buy).

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