Don't Build a Position in This Name

A limited liability company (LLC) connected to board member Bernard Lanigan, Jr. purchased close to 7,000 shares of Texas Industries (TXI) stock on April 12 at prices between $59.40 and $59.60 per share. That LLC now owns about 37,000 shares of the $1.7 billion market-cap construction materials company's stock, with Lanigan owning another 2,000 shares directly.

We track purchases by company insiders because this activity increases their company-specific risk and so would ignore the benefits that insiders can gain from diversifying their wealth. This suggests that insider purchases should indicate particularly high confidence in the company. Our database of insider trading filings had shown the LLC buying shares in early February as well, though at somewhat lower prices, at around the same time that another member of the board of directors was purchasing shares....479 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.