United States Lime & Minerals (NASDAQ:USLM) Raised to Buy at StockNews.com

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

United States Lime & Minerals Price Performance

USLM opened at $104.35 on Tuesday. The firm has a market cap of $2.98 billion, a PE ratio of 34.60 and a beta of 0.85. The stock has a 50-day moving average price of $89.81 and a 200-day moving average price of $77.48. United States Lime & Minerals has a 1 year low of $37.11 and a 1 year high of $105.59.

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

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.20 annualized dividend and a yield of 0.19%. United States Lime & Minerals’s dividend payout ratio is 6.63%.

Insiders Place Their Bets

In other news, Director Richard W. Cardin sold 12,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total transaction of $934,560.00. Following the transaction, the director now directly owns 14,300 shares of the company’s stock, valued at $1,113,684. This 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 through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC raised its stake in United States Lime & Minerals by 1.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company’s stock valued at $3,019,000 after buying an additional 84 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in United States Lime & Minerals by 19.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock valued at $496,000 after acquiring an additional 217 shares during the last quarter. CWM LLC lifted its holdings in United States Lime & Minerals by 1,104.8% in the second quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after acquiring an additional 232 shares during the period. Algert Global LLC lifted its holdings in United States Lime & Minerals by 31.5% in the second quarter. Algert Global LLC now owns 1,090 shares of the construction company’s stock valued at $397,000 after acquiring an additional 261 shares during the period. Finally, SG Americas Securities LLC boosted its position in United States Lime & Minerals by 5.3% in the third quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company’s stock worth $575,000 after purchasing an additional 298 shares during the last quarter. 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.