United States Lime & Minerals (NASDAQ:USLM) Downgraded by StockNews.com to “Hold”

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

United States Lime & Minerals Stock Up 0.4 %

United States Lime & Minerals stock opened at $360.79 on Thursday. The firm has a market cap of $2.06 billion, a P/E ratio of 25.81 and a beta of 0.82. The business has a fifty day moving average of $343.72 and a two-hundred day moving average of $288.24. United States Lime & Minerals has a twelve month low of $185.57 and a twelve month high of $378.78.

United States Lime & Minerals’s stock is going to split on Monday, July 15th. The 5-1 split was announced on Monday, July 15th. The newly issued shares will be distributed to shareholders after the market closes on Monday, July 15th.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $3.92 EPS for the quarter. The company had revenue of $71.69 million during the quarter. United States Lime & Minerals had a return on equity of 20.70% and a net margin of 27.91%.

United States Lime & Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, May 23rd. United States Lime & Minerals’s dividend payout ratio is presently 7.15%.

Insiders Place Their Bets

In related news, CEO Timothy W. Byrne sold 200 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $330.32, for a total value of $66,064.00. Following the transaction, the chief executive officer now directly owns 29,543 shares of the company’s stock, valued at approximately $9,758,643.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Timothy W. Byrne sold 200 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $330.32, for a total value of $66,064.00. Following the sale, the chief executive officer now owns 29,543 shares in the company, valued at $9,758,643.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy W. Byrne sold 7,389 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $336.68, for a total transaction of $2,487,728.52. Following the transaction, the chief executive officer now directly owns 30,380 shares of the company’s stock, valued at $10,228,338.40. The disclosure for this sale can be found here. Corporate insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

Hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in shares of United States Lime & Minerals by 2.0% in the 3rd quarter. Swiss National Bank now owns 5,000 shares of the construction company’s stock valued at $1,005,000 after buying an additional 100 shares during the period. Invesco Ltd. lifted its holdings in United States Lime & Minerals by 1,654.8% in the third quarter. Invesco Ltd. now owns 45,729 shares of the construction company’s stock valued at $9,192,000 after acquiring an additional 43,123 shares during the period. Alps Advisors Inc. purchased a new stake in United States Lime & Minerals in the 3rd quarter worth approximately $310,000. Vanguard Group Inc. grew its stake in shares of United States Lime & Minerals by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 101,081 shares of the construction company’s stock worth $20,317,000 after purchasing an additional 5,907 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new position in shares of United States Lime & Minerals during the 4th quarter valued at approximately $396,000. 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.