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

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

United States Lime & Minerals Price Performance

NASDAQ:USLM opened at $97.60 on Wednesday. The business’s 50-day moving average is $83.24 and its two-hundred day moving average is $74.01. The firm has a market capitalization of $557.20 million, a PE 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.

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

Insider Activity

In related news, Director Richard W. Cardin sold 12,000 shares of United States Lime & Minerals stock in a transaction dated Thursday, August 22nd. The stock was 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 in the company, valued at approximately $1,113,684. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

A number of hedge funds have recently made changes to their positions in the business. Linden Thomas Advisory Services LLC raised its holdings in shares of United States Lime & Minerals by 1.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company’s stock valued at $3,019,000 after buying an additional 84 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in United States Lime & Minerals by 19.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock worth $496,000 after purchasing an additional 217 shares in the last quarter. CWM LLC raised its holdings in United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company’s stock worth $92,000 after purchasing an additional 232 shares in the last quarter. Algert Global LLC raised its holdings in United States Lime & Minerals by 31.5% during the second quarter. Algert Global LLC now owns 1,090 shares of the construction company’s stock worth $397,000 after purchasing an additional 261 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in United States Lime & Minerals by 5.3% during the third quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company’s stock worth $575,000 after purchasing an additional 298 shares in the last quarter. 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.