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

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

United States Lime & Minerals Price Performance

USLM traded down $3.37 during trading on Monday, hitting $90.48. The company had a trading volume of 85,523 shares, compared to its average volume of 129,042. United States Lime & Minerals has a 1-year low of $50.78 and a 1-year high of $159.53. The company has a market cap of $2.59 billion, a PE ratio of 23.85 and a beta of 0.91. The business has a 50-day moving average of $114.00 and a 200-day moving average of $112.47.

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 net margin of 34.27% and a return on equity of 24.55%.

Insider Activity

In other news, Director Sandra C. Duhe sold 3,157 shares of the firm’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 directly owns 2,128 shares in the company, valued at approximately $201,330.08. This trade represents a 59.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On United States Lime & Minerals

A number of large investors have recently bought and sold shares of USLM. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of United States Lime & Minerals during the fourth quarter valued at approximately $520,000. Pinnacle Wealth Management LLC bought a new position 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 grew 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 buying an additional 4,592 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in United States Lime & Minerals in the fourth quarter worth $334,000. Finally, State of Wyoming bought a new stake in United States Lime & Minerals in the fourth quarter valued at $35,000. 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.