United States Lime & Minerals (NASDAQ:USLM) Upgraded 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 report report published on Tuesday morning.

United States Lime & Minerals Trading Down 0.7 %

USLM opened at $103.01 on Tuesday. The stock has a 50-day moving average of $88.22 and a 200 day moving average of $76.82. United States Lime & Minerals has a 12 month low of $37.11 and a 12 month high of $105.59. The firm has a market cap of $2.95 billion, a P/E ratio of 34.15 and a beta of 0.85.

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

United States Lime & Minerals Announces Dividend

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

Insider Buying and Selling

In related news, Director Richard W. Cardin sold 12,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total value of $934,560.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.16% of the stock is owned by corporate insiders.

Institutional Trading of United States Lime & Minerals

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC grew its holdings in shares of United States Lime & Minerals by 1,104.8% in 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 stake in United States Lime & Minerals in the 2nd quarter valued at about $125,000. nVerses Capital LLC bought a new position in United States Lime & Minerals in the 3rd quarter worth about $49,000. Arizona State Retirement System purchased a new position in shares of United States Lime & Minerals during the second quarter worth approximately $233,000. Finally, Principal Financial Group Inc. bought a new stake in shares of United States Lime & Minerals during the first quarter valued at approximately $249,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

About United States Lime & Minerals

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.