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

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

United States Lime & Minerals Trading Down 1.1 %

USLM opened at $91.63 on Tuesday. The company has a 50 day moving average of $82.30 and a 200 day moving average of $72.92. The company has a market cap of $2.62 billion, a PE ratio of 6.55 and a beta of 0.84. United States Lime & Minerals has a 12 month low of $37.11 and a 12 month high of $97.88.

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

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Friday, August 23rd. United States Lime & Minerals’s payout ratio is 1.43%.

Insider Buying and Selling at United States Lime & Minerals

In other United States Lime & Minerals news, Director Richard W. Cardin sold 12,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 14,300 shares of the company’s stock, valued at approximately $1,113,684. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in 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 purchasing an additional 2,526 shares during the period. Janus Henderson Group PLC raised its position in 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 purchasing an additional 9,498 shares during the period. Linden Thomas Advisory Services LLC raised its position in 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 purchasing an additional 84 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in United States Lime & Minerals in the 2nd quarter worth $342,000. Finally, Advisors Asset Management Inc. purchased a new position in United States Lime & Minerals in the 1st quarter worth $473,000. 27.12% of the stock is owned by 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.