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

StockNews.com downgraded shares of United States Lime & Minerals (NASDAQ:USLM) from a buy rating to a hold rating in a research note released on Friday morning.

United States Lime & Minerals Stock Up 2.0 %

Shares of NASDAQ USLM opened at $93.22 on Friday. The business’s 50 day moving average price is $106.44 and its two-hundred day moving average price is $113.21. The company has a market cap of $2.67 billion, a PE ratio of 24.57 and a beta of 0.90. United States Lime & Minerals has a twelve month low of $57.32 and a twelve month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from United States Lime & Minerals’s previous quarterly dividend of $0.05. United States Lime & Minerals’s payout ratio is currently 6.33%.

Insider Transactions at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the sale, the director now directly owns 2,128 shares in the company, valued at approximately $201,330.08. The trade was a 59.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

Several institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of United States Lime & Minerals in the fourth quarter valued at approximately $520,000. Pinnacle Wealth Management LLC bought a new stake in shares of United States Lime & Minerals in the fourth quarter valued at approximately $2,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of United States Lime & Minerals by 34.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,030 shares of the construction company’s stock valued at $2,393,000 after buying an additional 4,592 shares during the period. Squarepoint Ops LLC bought a new stake in shares of United States Lime & Minerals in the fourth quarter valued at approximately $334,000. Finally, State of Wyoming bought a new stake in shares of United States Lime & Minerals in the fourth quarter valued at approximately $35,000. 27.12% of the stock is currently owned by institutional investors.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.