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NEW YORK ( TheStreet) -- Temple-Inland (NYSE: TIN) hit a new 52-week high Friday as it is currently trading at $32, above its previous 52-week high of $31.94 with 5.7 million shares traded as of 3:45 p.m. ET. Average volume has been 1.5 million shares over the past 30 days. Temple-Inland has a market cap of $3.47 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 0.5% year to date as of the close of trading on Thursday. Temple-Inland Inc., through its subsidiaries, manufactures and sells corrugated packaging and building products in the United States and Mexico. The company has a P/E ratio of 52.2, above the average consumer non-durables industry P/E ratio of 52 and above the S&P 500 P/E ratio of 17.7.