StockNews.com Upgrades United States Lime & Minerals (NASDAQ:USLM) to “Buy”

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

United States Lime & Minerals Trading Up 1.9 %

USLM stock traded up $1.74 during midday trading on Wednesday, reaching $92.99. The stock had a trading volume of 62,729 shares, compared to its average volume of 103,501. United States Lime & Minerals has a 52-week low of $57.61 and a 52-week high of $159.53. The company’s fifty day simple moving average is $99.12 and its 200 day simple moving average is $114.19. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 24.51 and a beta of 0.91.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly 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 company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $94.61, for a total value of $298,683.77. Following the transaction, the director now owns 2,128 shares of the company’s stock, valued at $201,330.08. This represents a 59.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United States Lime & Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in USLM. Global Retirement Partners LLC acquired a new stake in United States Lime & Minerals in the 4th quarter valued at approximately $25,000. State of Wyoming purchased a new stake in shares of United States Lime & Minerals in the 4th quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in United States Lime & Minerals during the 4th quarter worth about $36,000. FMR LLC boosted its holdings in United States Lime & Minerals by 403.0% during the 3rd quarter. FMR LLC now owns 503 shares of the construction company’s stock valued at $49,000 after acquiring an additional 403 shares during the period. Finally, National Bank of Canada FI acquired a new position in United States Lime & Minerals in the 4th quarter valued at about $72,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

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.