United States Lime & Minerals (NASDAQ:USLM) Reaches New 52-Week High at $85.23

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price hit a new 52-week high on Wednesday . The company traded as high as $85.23 and last traded at $84.96, with a volume of 17921 shares changing hands. The stock had previously closed at $82.46.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of United States Lime & Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 23rd.

United States Lime & Minerals Price Performance

The firm has a market capitalization of $2.43 billion, a P/E ratio of 6.08 and a beta of 0.85. The company’s 50-day simple moving average is $73.12 and its two-hundred day simple moving average is $63.12.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings results 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 business had revenue of $71.69 million for the quarter.

Insiders Place Their Bets

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

Hedge Funds Weigh In On United States Lime & Minerals

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of United States Lime & Minerals by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 114,041 shares of the construction company’s stock worth $34,000,000 after buying an additional 2,526 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of United States Lime & Minerals by 5.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,553 shares of the construction company’s stock worth $6,392,000 after buying an additional 869 shares in the last quarter. Cardinal Capital Management grew its stake in shares of United States Lime & Minerals by 8.2% in the 1st quarter. Cardinal Capital Management now owns 14,216 shares of the construction company’s stock worth $4,238,000 after buying an additional 1,072 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of United States Lime & Minerals by 958.4% in the 1st quarter. Janus Henderson Group PLC now owns 10,489 shares of the construction company’s stock worth $3,127,000 after buying an additional 9,498 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of United States Lime & Minerals by 1.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company’s stock worth $3,019,000 after buying an additional 84 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

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.