United States Lime & Minerals (NASDAQ:USLM) Stock Gets Price Target Trim from Freedom Broker

United States Lime & Minerals (NASDAQ:USLM) had its target price trimmed by Freedom Broker from $132.00 to $131.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Separately, Weiss Ratings upgraded United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, United States Lime & Minerals currently has a consensus rating of “Buy” and an average target price of $131.00.

United States Lime & Minerals Price Performance

United States Lime & Minerals stock opened at $123.38 on Monday. The firm has a 50 day simple moving average of $112.82 and a 200-day simple moving average of $115.12. United States Lime & Minerals has a 1-year low of $96.27 and a 1-year high of $141.43. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 26.59 and a beta of 0.69.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings results on Friday, October 30th. The construction company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.16). The firm had revenue of $106.19 million for the quarter, compared to analyst estimates of $122.00 million. United States Lime & Minerals had a return on equity of 19.65% and a net margin of 35.08%.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.17%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, Director Antoine M. Doumet sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the director directly owned 90,000 shares in the company, valued at $9,900,000. This represents a 18.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Holdings Ltd. Candou purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were purchased at an average price of $110.00 per share, for a total transaction of $2,200,000.00. Following the completion of the purchase, the insider directly owned 17,673,780 shares of the company’s stock, valued at $1,944,115,800. This represents a 0.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United States Lime & Minerals

A number of institutional investors have recently modified their holdings of the company. Keybank National Association OH purchased a new position in shares of United States Lime & Minerals in the 3rd quarter valued at about $201,000. Pictet Asset Management Holding SA acquired a new stake in shares of United States Lime & Minerals during the 3rd quarter worth about $213,000. Kestra Advisory Services LLC raised its position in shares of United States Lime & Minerals by 36.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 3,454 shares of the construction company’s stock worth $391,000 after acquiring an additional 915 shares in the last quarter. Summit Wealth Group LLC Co. acquired a new stake in shares of United States Lime & Minerals during the 3rd quarter worth about $818,000. Finally, Schwartz Investment Counsel Inc. lifted its stake in United States Lime & Minerals by 6.8% during the third quarter. Schwartz Investment Counsel Inc. now owns 21,493 shares of the construction company’s stock worth $2,431,000 after purchasing an additional 1,370 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.