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

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

United States Lime & Minerals Stock Up 2.0 %

NASDAQ USLM opened at $93.22 on Friday. United States Lime & Minerals has a 52 week low of $57.32 and a 52 week high of $159.53. The stock has a market capitalization of $2.67 billion, a PE ratio of 24.57 and a beta of 0.90. The firm has a 50 day moving average of $106.44 and a two-hundred day moving average of $112.73.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings results 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 company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.26%. The ex-dividend date 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 6.33%.

Insider Activity

In other news, Director Sandra C. Duhe sold 3,157 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $94.61, for a total value 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. This represents a 59.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of United States Lime & Minerals in the 4th quarter valued at $520,000. Pinnacle Wealth Management LLC acquired a new stake in United States Lime & Minerals during the 4th quarter worth $2,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in United States Lime & Minerals by 34.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,030 shares of the construction company’s stock worth $2,393,000 after purchasing an additional 4,592 shares during the period. Squarepoint Ops LLC acquired a new stake in United States Lime & Minerals during the 4th quarter worth $334,000. Finally, State of Wyoming acquired a new stake in United States Lime & Minerals during the 4th quarter worth $35,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

About United States Lime & Minerals

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.