Texas Industries, Inc.
The construction materials stocks have been on fire during the past twelve months, as homebuilders have increased their raw material purchases in order to meet rising housing demand. Both new and existing home sales have perked up lately, leading to high builder confidence and an increase in annual housing starts above the one million mark. Things are looking rosy at the moment, although the federal government will eventually have to more »
According to the National Association of Home Builders (NAHB), sales of newly built, single-family homes increased by 15.6% in January 2013. Rick Judson, Chairman of NAHB, commented: “The surge in demand for new homes this January is an excellent sign that the housing recovery is gaining steam and helping put more people back to work.”
The year 2012 has witnessed a recovery in the US housing market, and there more »
By Penny Czarra - February 25, 2013 | Tickers: AOS, AAON, ADT, AMWD, APOG, AWI, BECN, BLDR, CSTE, CLGX, EXP, ELLI, FBHS, GNRC, GFF, HW, HD, JHX, LII, LOW, LXU, LL, LEDR, MLM, MAS, MOVE, NCS, NTK, OC, PFIN, PATK, PGTI, PPG, NX, RPM, SHOS, SNA, SWK, TXI, VAL, TTS, USCR, USLM, URI, UFPI, USG, VRSK, VMC, WSO, Z
I don't like "noise". I try to avoid it whenever / wherever I can.
Yep , call me what you want, but I'm a "retail investor". I know this to be true because everyone (and I mean Everyone) is always trying to sell me something. This means high decibels and lots and lots of BOLD PRINT.
"Renovation Nation". "Renters Nation". "Housing Recovery". "The ONE sure, market-beating stock for your Long-Term more »
Two Board members at Texas Industries (NYSE: TXI) have indirectly purchased shares of the company’s stock since the beginning of February. A trust connected to Sean Foley has bought 1,000 shares, at prices of about $56.50, while an LLC related to Bernard Lanigan Jr. added 10,000 shares at similar prices. Studies show that insider purchases tend to be bullish signals (read more about studies on insider more »
In late January, Southeastern Asset Management announced that it has further downsized its Vulcan Materials (NYSE: VMC) position by 16%. Southeastern now owns 8.26 million shares, or 6.4%, of Vulcan. This is a big change from Southeastern's third quarter investing thesis, where the firm had Vulcan as its fifteenth largest 13F holding and owned over 12.1 million shares (read more about it here). It appears that more »
On the 14th of this month, Trinity Industries (NYSE: TRN) announced that, through a wholly owned subsidiary, it has acquired the assets of Armstrong Bros. Holding Co., a Michigan-based manufacturer and lessor of trench shields and shoring equipment for the underground construction industry, for a total price of $40 million. This $40 million acquires net working capital, rental fleet assets, associated manufacturing and operational facilities, and certain patents and trademarks more »
The housing market has once again proven its resilience, providing a bright spot in the economy even as policymakers and corporate America wrestle with the impending fiscal cliff. New home sales increased 5.7% in September, returning to 2010 levels. Housing prices -- something that homeowners and market participants are watching closely -- advanced 11.5% versus the year ago period while falling modestly in comparison with August 2012.
Dallas-based cement company more »