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

StockNews.com cut shares of United States Lime & Minerals (NASDAQ:USLM) from a strong-buy rating to a hold rating in a report issued on Tuesday morning.

United States Lime & Minerals Stock Performance

Shares of NASDAQ:USLM opened at $83.93 on Tuesday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 6.00 and a beta of 0.85. The business has a 50-day simple moving average of $72.46 and a two-hundred day simple moving average of $62.18. United States Lime & Minerals has a fifty-two week low of $37.11 and a fifty-two week high of $85.10.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.78 earnings per share for the quarter. United States Lime & Minerals had a net margin of 27.91% and a return on equity of 20.70%. The company had revenue of $71.69 million for the quarter.

United States Lime & Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, May 23rd. United States Lime & Minerals’s payout ratio is currently 1.43%.

Insider Buying and Selling at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 36,945 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $67.34, for a total transaction of $2,487,728.52. Following the completion of the sale, the chief executive officer now directly owns 151,900 shares in the company, valued at approximately $10,228,338.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 36,945 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $67.34, for a total value of $2,487,728.52. Following the transaction, the chief executive officer now directly owns 151,900 shares in the company, valued at $10,228,338.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy W. Byrne sold 1,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $66.06, for a total value of $66,064.00. Following the sale, the chief executive officer now directly owns 147,715 shares of the company’s stock, valued at approximately $9,758,643.76. The disclosure for this sale can be found here. 2.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United States Lime & Minerals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USLM. Janus Henderson Group PLC increased its stake in shares of United States Lime & Minerals by 958.4% in the first quarter. Janus Henderson Group PLC now owns 10,489 shares of the construction company’s stock worth $3,127,000 after purchasing an additional 9,498 shares in the last quarter. Vanguard Group Inc. increased its stake in United States Lime & Minerals by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 101,081 shares of the construction company’s stock worth $20,317,000 after buying an additional 5,907 shares in the last quarter. SG Americas Securities LLC raised its holdings in United States Lime & Minerals by 1,505.5% during the second quarter. SG Americas Securities LLC now owns 5,587 shares of the construction company’s stock valued at $2,035,000 after acquiring an additional 5,239 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of United States Lime & Minerals in the first quarter valued at about $607,000. Finally, Quadrature Capital Ltd boosted its stake in shares of United States Lime & Minerals by 99.0% in the fourth quarter. Quadrature Capital Ltd now owns 3,544 shares of the construction company’s stock worth $817,000 after acquiring an additional 1,763 shares during the period. 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.