United States Lime & Minerals (NASDAQ:USLM) Upgraded at StockNews.com

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

United States Lime & Minerals Price Performance

USLM stock traded down $3.37 during trading on Monday, reaching $90.48. 85,523 shares of the stock traded hands, compared to its average volume of 129,042. The firm has a market capitalization of $2.59 billion, a PE ratio of 23.85 and a beta of 0.91. The business’s 50 day moving average price is $114.00 and its 200-day moving average price is $112.47. United States Lime & Minerals has a 52-week low of $50.78 and a 52-week high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last issued its earnings results 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%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, Director Sandra C. Duhe sold 3,157 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the transaction, the director now directly owns 2,128 shares of the company’s stock, valued at $201,330.08. This trade represents a 59.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in United States Lime & Minerals by 537.3% during the 3rd quarter. Principal Financial Group Inc. now owns 5,844 shares of the construction company’s stock worth $571,000 after acquiring an additional 4,927 shares in the last quarter. Minerva Advisors LLC lifted its position in shares of United States Lime & Minerals by 400.0% during the third quarter. Minerva Advisors LLC now owns 6,250 shares of the construction company’s stock worth $608,000 after purchasing an additional 5,000 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of United States Lime & Minerals by 355.4% during the third quarter. GSA Capital Partners LLP now owns 12,683 shares of the construction company’s stock worth $1,239,000 after purchasing an additional 9,898 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of United States Lime & Minerals by 400.0% in the third quarter. North Star Investment Management Corp. now owns 66,850 shares of the construction company’s stock valued at $6,529,000 after purchasing an additional 53,480 shares during the period. Finally, Geode Capital Management LLC grew its holdings in United States Lime & Minerals by 422.7% during the 3rd quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock valued at $30,089,000 after purchasing an additional 249,115 shares in the last quarter. Hedge funds and other institutional investors 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.