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TXI $92.1

TXI target price
92.10
0
0
TXI (formerly Texas Industries)
Type
Subsidiary
Traded as NYSE: TXI
Industry Cement
Founded 1946
Headquarters Dallas, Texas, United States
Key people
Melvin G. Brekhus
(President and CEO, Director)
Products cement, aggregate, concrete
Parent Martin Marietta Materials, Inc
Website www.txi.com

TXI, formerly Texas Industries, was set up in 1946 and now is headquartered in Dallas, Texas. The company is focused on heavy construction materials in the southwestern United States market (e.g. Texas and California). There are mainly three products: cement (Portland, masonry and oil well cements), aggregates, and concrete related products. Until 2012, Texas Industries owned 82 manufacturing facilities in six states.

Its Midlothian plant on the south side of Midlothian, Texas (32°27′43″N 97°1′21″W / 32.46194°N 97.02250°W / 32.46194; -97.02250) is about 27 miles (43 km) south of downtown Dallas. When the plant was built it was the largest cement plant in the country.

The Chaparral Steel plant is next to TXI's cement plant in Midlothian. Chaparral Steel was spun off from TXI and later purchased by Gerdau in 2007 for $4.2 billion. At that time, Chaparral Steel was the second-largest producer of structural steel beams in North America and a major producer of steel bar product.

In 1994, with an annual revenue of $614M, the company ranked 500th on the Fortune 500 list by annual revenue.

In January 2014, Martin Marietta Materials (MLM), a rival provider of construction materials, agreed to buy TXI for $2.06 billion in stock. The combined company will operate under the name Martin Marietta with 7,000 employees and headquarters in Raleigh, N.C., Martin Marietta’s current home.

As of July 2, 2014, TXI became a wholly owned subsidiary of Martin Marietta Materials, Inc.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2014-05-12 Upgrade Ned Davis Research Sell to Neutral
2014-04-04 Boost Price Target DA Davidson $84.00 to $87.00
2014-01-28 Downgrade CL King Buy to Neutral
2014-01-02 Downgrade Longbow Research Buy to Neutral
2013-12-16 Downgrade Sidoti Buy to Neutral
2013-10-21 Upgrade Sidoti Neutral to Buy
2013-10-15 Upgrade Susquehanna Negative to Neutral $40.00 to $48.00
2013-10-11 Upgrade Longbow Research Neutral to Buy $69.00
2012-12-21 Upgrade Cleveland Research Neutral to Buy
2012-08-13 Initiated Imperial Capital In-line $42.50
2010-10-27 Initiated Jefferies Buy $43
2009-10-29 Upgrade DA Davidson Underperform to Neutral $34
2009-05-29 Initiated DA Davidson Neutral $34
2009-03-16 Upgrade BB&T Capital Mkts Hold to Buy
2008-09-26 Downgrade Davenport Buy to Neutral
2008-07-11 Downgrade Longbow Buy to Neutral
2008-07-11 Downgrade KeyBanc Capital Mkts Buy to Hold
2008-07-08 Reiterated Davenport Buy $75 to $66
2008-05-06 Downgrade BB&T Capital Mkts Buy to Hold
2008-01-07 Upgrade BB&T Capital Mkts Hold to Buy
1970-01-01
2014-05-12 Upgrade Ned Davis Research Sell to Neutral
2014-04-04 Boost Price Target DA Davidson $84.00 to $87.00
2014-01-28 Downgrade CL King Buy to Neutral
2014-01-02 Downgrade Longbow Research Buy to Neutral
2013-12-16 Downgrade Sidoti Buy to Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In TXI 0 funds of 2213 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
NNS Holding 21.80%  (6283969) TXI /
MORGAN STANLEY 6.55%  (1887819) CXDC / CYCC / EVV / HOLL / MS / TLP / TXI /
ROGERS ROBERT D 0.68%  (196194) TXI /
PECHOTA GARY L 0.02%  (6000) BKH / IIIN / TXI /