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

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

United States Lime & Minerals Stock Performance

NASDAQ:USLM traded down $4.48 during trading hours on Tuesday, reaching $93.18. The company’s stock had a trading volume of 72,428 shares, compared to its average volume of 102,565. The stock has a 50 day moving average price of $81.71 and a two-hundred day moving average price of $72.41. The company has a market capitalization of $531.96 million, a P/E ratio of 6.67 and a beta of 0.84. United States Lime & Minerals has a 12 month low of $37.11 and a 12 month high of $97.88.

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

Insider Transactions at United States Lime & Minerals

In other news, Director Richard W. Cardin sold 12,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total transaction of $934,560.00. Following the transaction, the director now directly owns 14,300 shares of the company’s stock, valued at $1,113,684. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

A number of large investors have recently modified their holdings of the business. CWM LLC grew its holdings in shares of United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after buying an additional 232 shares during the last quarter. Quest Partners LLC acquired a new stake in United States Lime & Minerals during the 2nd quarter worth about $125,000. Arizona State Retirement System purchased a new stake in United States Lime & Minerals during the 2nd quarter valued at about $233,000. Principal Financial Group Inc. acquired a new position in shares of United States Lime & Minerals in the first quarter valued at about $249,000. Finally, Boyar Asset Management Inc. purchased a new position in shares of United States Lime & Minerals in the fourth quarter worth about $206,000. Hedge funds and other 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.