United States Lime & Minerals (NASDAQ:USLM) Stock Rating Lowered by 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 note issued to investors on Thursday.

United States Lime & Minerals Stock Performance

Shares of USLM traded up $1.33 on Thursday, reaching $360.79. The stock had a trading volume of 10,678 shares, compared to its average volume of 23,596. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.81 and a beta of 0.82. The company has a 50-day simple moving average of $343.72 and a 200-day simple moving average of $288.24. United States Lime & Minerals has a 12-month low of $185.57 and a 12-month high of $378.78.

Shares of United States Lime & Minerals are scheduled to split before the market opens on Monday, July 15th. The 5-1 split was announced on Monday, July 15th. The newly issued shares will be issued to shareholders after the market closes on Monday, July 15th.

United States Lime & Minerals (NASDAQ:USLM) last released its 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%.

Insider Buying and Selling at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 200 shares of United States Lime & Minerals stock in a transaction on Friday, June 7th. The stock was sold at an average price of $330.32, for a total transaction of $66,064.00. Following the completion of the transaction, the chief executive officer now owns 29,543 shares in the company, valued at $9,758,643.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 200 shares of United States Lime & Minerals stock in a transaction on Friday, June 7th. The stock was sold at an average price of $330.32, for a total transaction of $66,064.00. Following the completion of the transaction, the chief executive officer now owns 29,543 shares in the company, valued at $9,758,643.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy W. Byrne sold 7,389 shares of United States Lime & Minerals stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $336.68, for a total value of $2,487,728.52. Following the transaction, the chief executive officer now owns 30,380 shares of the company’s stock, valued at approximately $10,228,338.40. The disclosure for this sale can be found here. 2.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of United States Lime & Minerals by 2.3% in the first quarter. Vanguard Group Inc. now owns 114,041 shares of the construction company’s stock worth $34,000,000 after purchasing an additional 2,526 shares during the last quarter. Invesco Ltd. raised its stake in shares of 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 worth $9,192,000 after purchasing an additional 43,123 shares during the last quarter. Cardinal Capital Management raised its stake in shares of United States Lime & Minerals by 8.2% in the first quarter. Cardinal Capital Management now owns 14,216 shares of the construction company’s stock worth $4,238,000 after purchasing an additional 1,072 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of United States Lime & Minerals by 958.4% in the first quarter. Janus Henderson Group PLC now owns 10,489 shares of the construction company’s stock worth $3,127,000 after acquiring an additional 9,498 shares during the period. Finally, Swiss National Bank grew its holdings in shares of United States Lime & Minerals by 2.0% in the third quarter. Swiss National Bank now owns 5,000 shares of the construction company’s stock worth $1,005,000 after acquiring an additional 100 shares during the period. 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.