StockNews.com Lowers United States Lime & Minerals (NASDAQ:USLM) to Hold

StockNews.com cut shares of United States Lime & Minerals (NASDAQ:USLM) from a buy rating to a hold rating in a research note released on Tuesday morning.

United States Lime & Minerals Trading Up 1.8 %

NASDAQ USLM opened at $93.25 on Tuesday. The company has a fifty day simple moving average of $82.49 and a two-hundred day simple moving average of $73.17. The stock has a market cap of $532.36 million, a P/E ratio of 6.67 and a beta of 0.85. United States Lime & Minerals has a 12-month low of $37.11 and a 12-month high of $97.88.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter. The business had revenue of $76.55 million during the quarter. United States Lime & Minerals had a net margin of 29.87% and a return on equity of 21.21%.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 1.43%.

Insider Buying and Selling

In related news, Director Richard W. Cardin sold 12,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total transaction of $934,560.00. Following the completion of the transaction, the director now owns 14,300 shares of the company’s stock, valued at $1,113,684. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in USLM. CWM LLC raised its holdings in shares of United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company’s stock worth $92,000 after purchasing an additional 232 shares during the last quarter. Quest Partners LLC purchased a new position in shares of United States Lime & Minerals during the second quarter worth $125,000. Boyar Asset Management Inc. acquired a new stake in United States Lime & Minerals during the fourth quarter valued at $206,000. Arizona State Retirement System acquired a new stake in United States Lime & Minerals during the second quarter valued at $233,000. Finally, Principal Financial Group Inc. acquired a new stake in United States Lime & Minerals during the first quarter valued at $249,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.