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

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

United States Lime & Minerals Stock Down 1.4 %

Shares of United States Lime & Minerals stock opened at $85.77 on Wednesday. The business has a 50-day moving average price of $97.88 and a 200 day moving average price of $114.00. United States Lime & Minerals has a fifty-two week low of $57.61 and a fifty-two week high of $159.53. The firm has a market cap of $2.45 billion, a P/E ratio of 22.61 and a beta of 0.91.

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

United States Lime & Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.28%. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05. United States Lime & Minerals’s payout ratio is currently 6.33%.

Insider Buying and Selling

In other United States Lime & Minerals news, Director Sandra C. Duhe sold 3,157 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $94.61, for a total transaction of $298,683.77. Following the completion of the transaction, the director now owns 2,128 shares in the company, valued at approximately $201,330.08. The trade was a 59.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On United States Lime & Minerals

Several large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new position in United States Lime & Minerals during the 4th quarter valued at $25,000. Sound View Wealth Advisors Group LLC lifted its stake in United States Lime & Minerals by 3.8% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,525 shares of the construction company’s stock valued at $733,000 after purchasing an additional 200 shares during the last quarter. State of Wyoming bought a new stake in United States Lime & Minerals during the fourth quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of United States Lime & Minerals in the fourth quarter valued at $36,000. Finally, MetLife Investment Management LLC boosted its stake in shares of United States Lime & Minerals by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 6,473 shares of the construction company’s stock worth $859,000 after acquiring an additional 353 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.