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

StockNews.com downgraded shares of United States Lime & Minerals (NASDAQ:USLM) from a buy rating to a hold rating in a research report released on Friday morning.

United States Lime & Minerals Price Performance

Shares of USLM opened at $93.22 on Friday. United States Lime & Minerals has a one year low of $57.32 and a one year high of $159.53. The company has a market cap of $2.67 billion, a P/E ratio of 24.57 and a beta of 0.90. The firm has a 50 day simple moving average of $106.44 and a two-hundred day simple moving average of $113.21.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 EPS for the quarter. United States Lime & Minerals had a net margin of 34.27% and a return on equity of 24.55%.

United States Lime & Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 21st. This is an increase from United States Lime & Minerals’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. United States Lime & Minerals’s dividend payout ratio is 6.33%.

Insider Transactions at United States Lime & Minerals

In other news, Director Sandra C. Duhe sold 3,157 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $94.61, for a total transaction of $298,683.77. Following the completion of the transaction, the director now directly owns 2,128 shares in the company, valued at approximately $201,330.08. This represents a 59.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USLM. Global Retirement Partners LLC acquired a new stake in United States Lime & Minerals in the fourth quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in United States Lime & Minerals by 900.0% in the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock valued at $30,000 after purchasing an additional 279 shares during the period. Amalgamated Bank increased its holdings in United States Lime & Minerals by 400.0% in the third quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock valued at $35,000 after purchasing an additional 288 shares during the period. State of Wyoming acquired a new stake in United States Lime & Minerals in the fourth quarter valued at $35,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in United States Lime & Minerals in the fourth quarter valued at $36,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

About United States Lime & Minerals

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.