United States Lime & Minerals (NASDAQ:USLM) Stock Rating Lowered by StockNews.com

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

United States Lime & Minerals Stock Performance

USLM stock opened at $92.67 on Tuesday. United States Lime & Minerals has a fifty-two week low of $37.11 and a fifty-two week high of $97.88. The stock’s 50 day simple moving average is $82.10 and its 200 day simple moving average is $72.79. The company has a market cap of $2.65 billion, a P/E ratio of 6.63 and a beta of 0.84.

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

Insider Transactions at United States Lime & Minerals

In other news, Director Richard W. Cardin sold 12,000 shares of United States Lime & Minerals stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total transaction of $934,560.00. Following the sale, the director now directly owns 14,300 shares in the company, valued at approximately $1,113,684. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.16% of the company’s stock.

Institutional Trading of United States Lime & Minerals

Several hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of United States Lime & Minerals by 1,104.8% during the 2nd 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 bought a new stake in shares of United States Lime & Minerals in the second quarter valued at $125,000. Boyar Asset Management Inc. purchased a new position in shares of United States Lime & Minerals during the 4th quarter valued at $206,000. Arizona State Retirement System bought a new position in shares of United States Lime & Minerals during the 2nd quarter worth $233,000. Finally, Principal Financial Group Inc. purchased a new stake in United States Lime & Minerals in the 1st quarter worth about $249,000. 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.