United States Lime & Minerals (NASDAQ:USLM) Lifted to Buy at StockNews.com

United States Lime & Minerals (NASDAQ:USLM) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

United States Lime & Minerals Stock Down 0.1 %

USLM stock opened at $97.60 on Wednesday. The firm has a market cap of $557.20 million, a price-to-earnings ratio of 6.94 and a beta of 0.85. United States Lime & Minerals has a 12-month low of $37.11 and a 12-month high of $98.61. The company’s fifty day simple moving average is $83.24 and its 200 day simple moving average is $74.01.

United States Lime & Minerals (NASDAQ:USLM) last announced 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.

Insiders Place Their Bets

In other news, Director Richard W. Cardin sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total transaction of $934,560.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.16% of the stock is currently owned by insiders.

Institutional Trading of United States Lime & Minerals

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC raised its position 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 valued at $92,000 after buying an additional 232 shares in the last quarter. Quest Partners LLC bought a new position in shares of United States Lime & Minerals during the 2nd quarter valued at $125,000. Boyar Asset Management Inc. bought 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 valued at $233,000. Finally, Principal Financial Group Inc. bought a new position in shares of United States Lime & Minerals during the 1st quarter valued at $249,000. 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.