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

United States Lime & Minerals (NASDAQ:USLM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

United States Lime & Minerals Stock Performance

Shares of NASDAQ:USLM opened at $364.18 on Thursday. The firm has a market cap of $2.08 billion, a PE ratio of 26.05 and a beta of 0.82. The firm’s fifty day moving average is $345.07 and its 200-day moving average is $289.26. United States Lime & Minerals has a 52 week low of $185.57 and a 52 week high of $378.78.

Shares of United States Lime & Minerals are going to split on Monday, July 15th. The 5-1 split was announced on Monday, July 15th. The newly minted shares will be issued to shareholders after the market closes on Monday, July 15th.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Tuesday, April 30th. The construction company reported $3.92 earnings per share (EPS) for the quarter. The business had revenue of $71.69 million for the quarter. United States Lime & Minerals had a net margin of 27.91% and a return on equity of 20.70%.

Insider Activity at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 7,389 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $336.68, for a total transaction of $2,487,728.52. Following the transaction, the chief executive officer now owns 30,380 shares in the company, valued at $10,228,338.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Timothy W. Byrne sold 200 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $330.32, for a total transaction of $66,064.00. Following the transaction, the chief executive officer now owns 29,543 shares in the company, valued at $9,758,643.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy W. Byrne sold 7,389 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $336.68, for a total transaction of $2,487,728.52. Following the transaction, the chief executive officer now owns 30,380 shares in the company, valued at approximately $10,228,338.40. The disclosure for this sale can be found here. 2.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors have recently made changes to their positions in USLM. Vanguard Group Inc. increased its position in shares of United States Lime & Minerals by 2.3% during the first quarter. Vanguard Group Inc. now owns 114,041 shares of the construction company’s stock worth $34,000,000 after acquiring an additional 2,526 shares in the last quarter. Invesco Ltd. increased its position in shares of United States Lime & Minerals by 1,654.8% during the third quarter. Invesco Ltd. now owns 45,729 shares of the construction company’s stock worth $9,192,000 after acquiring an additional 43,123 shares in the last quarter. Cardinal Capital Management increased its position in shares of United States Lime & Minerals by 8.2% during the first quarter. Cardinal Capital Management now owns 14,216 shares of the construction company’s stock worth $4,238,000 after acquiring an additional 1,072 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of United States Lime & Minerals by 958.4% during the first quarter. Janus Henderson Group PLC now owns 10,489 shares of the construction company’s stock worth $3,127,000 after acquiring an additional 9,498 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of United States Lime & Minerals by 2.0% during the third quarter. Swiss National Bank now owns 5,000 shares of the construction company’s stock worth $1,005,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.