When Texas Industries (NYSE:TXI) reported earnings two weeks ago on January 9th, 2013, analysts, on average, expected the company to report a loss of $0.31 on sales of $166.0 million. Texas Industries actually reported a loss of $0.36 per share on sales of $167.7 million, missing EPS estimates by $0.05 and beating revenue estimates by $1.7 million. Shares of Texas Industries have climbed from $55.97 to $59.12, representing a gain of 5.6% since the company reported earnings 17 days ago.
Texas Industries (NYSE:TXI) is currently priced 12.9% above its average consensus analyst price target of $51.50. The stock should discover initial support at its 50-day moving average (MA) of $50.71 and subsequent support at its 200-day MA of $41.82.
Texas Industries share prices have moved between a 52-week high of $59.21 and a 52-week low of $30.10 and closed Thursday at 96% above that low price at $59.12 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has risen 1.2%.
Texas Industries, Inc. and its subsidiaries supply construction materials such as cement, aggregate, and concrete products. The Company's customers include the construction, original equipment manufacturers, tool, and country goods markets.