United States Lime & Minerals (NASDAQ:USLM) Upgraded at StockNews.com

StockNews.com upgraded shares of United States Lime & Minerals (NASDAQ:USLM) from a hold rating to a buy rating in a report published on Tuesday.

United States Lime & Minerals Trading Up 1.7 %

USLM stock opened at $104.35 on Tuesday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 34.60 and a beta of 0.85. The firm’s 50-day moving average price is $89.81 and its two-hundred day moving average price is $77.48. United States Lime & Minerals has a 12-month low of $37.11 and a 12-month high of $105.59.

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

United States Lime & Minerals Announces Dividend

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

Insider Buying and Selling at United States Lime & Minerals

In other news, Director Richard W. Cardin sold 12,000 shares of the firm’s 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 completion of the sale, the director now directly owns 14,300 shares of the company’s stock, valued at approximately $1,113,684. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.16% of the company’s stock.

Institutional Trading of United States Lime & Minerals

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of United States Lime & Minerals by 19.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock worth $496,000 after acquiring an additional 217 shares during the period. nVerses Capital LLC purchased a new stake in United States Lime & Minerals in the third quarter worth $49,000. Koss Olinger Consulting LLC raised its holdings in United States Lime & Minerals by 376.5% in the third quarter. Koss Olinger Consulting LLC now owns 9,917 shares of the construction company’s stock worth $968,000 after purchasing an additional 7,836 shares in the last quarter. Ellsworth Advisors LLC lifted its position in United States Lime & Minerals by 375.4% during the third quarter. Ellsworth Advisors LLC now owns 9,641 shares of the construction company’s stock valued at $942,000 after buying an additional 7,613 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of United States Lime & Minerals by 478.1% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,428 shares of the construction company’s stock valued at $530,000 after buying an additional 4,489 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.