Do Hedge Funds and Insiders Love Texas Industries, Inc. (TXI)?

Is Texas Industries, Inc. (NYSE:TXI) a good investment?

In the financial world, there are a multitude of indicators shareholders can use to watch Mr. Market. A duo of the best are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top money managers can outperform the broader indices by a very impressive margin (see just how much).

Just as useful, bullish insider trading sentiment is another way to look at the stock market universe. Obviously, there are a number of incentives for a corporate insider to get rid of shares of his or her company, but only one, very simple reason why they would behave bullishly. Plenty of academic studies have demonstrated the market-beating potential of this tactic if you understand where to look (learn more here).

Furthermore, we’re going to discuss the latest info for Texas Industries, Inc. (NYSE:TXI).

Texas Industries, Inc. (NYSE:TXI)

What does the smart money think about Texas Industries, Inc. (NYSE:TXI)?

At the end of the second quarter, a total of 13 of the hedge funds we track were bullish in this stock, a change of -19% from the first quarter. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their holdings substantially.

When using filings from the hedgies we track, Mason Hawkins’s Southeastern Asset Management had the biggest position in Texas Industries, Inc. (NYSE:TXI), worth close to $533.1 million, comprising 2.6% of its total 13F portfolio. The second largest stake is held by Columbus Circle Investors, managed by Donald Chiboucis, which held a $53.8 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Other hedge funds with similar optimism include Mario Gabelli’s GAMCO Investors, Chuck Royce’s Royce & Associates and Brian Ashford-Russell and Tim Woolley’s Polar Capital.

Judging by the fact that Texas Industries, Inc. (NYSE:TXI) has witnessed dropping sentiment from the top-tier hedge fund industry, it’s easy to see that there is a sect of fund managers who sold off their full holdings heading into Q2. Interestingly, Alexander Mitchell’s Scopus Asset Management dropped the largest stake of the “upper crust” of funds we key on, comprising close to $9.6 million in stock, and Andrew Sandler of Sandler Capital Management was right behind this move, as the fund sold off about $9.1 million worth. These moves are interesting, as total hedge fund interest was cut by 3 funds heading into Q2.

What do corporate executives and insiders think about Texas Industries, Inc. (NYSE:TXI)?

Insider buying is at its handiest when the company in focus has experienced transactions within the past half-year. Over the latest six-month time period, Texas Industries, Inc. (NYSE:TXI) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Using the results explained by the previously mentioned studies, average investors must always watch hedge fund and insider trading activity, and Texas Industries, Inc. (NYSE:TXI) is an important part of this process.

Discover how hedge fund piggybacking can benefit you

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!