United States Lime & Minerals (NASDAQ:USLM) Rating Lowered to "Hold" at StockNews.com

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.

United States Lime & Minerals Stock Up 1.6 %

United States Lime & Minerals stock traded up $1.65 during mid-day trading on Thursday, hitting $104.32. 125,251 shares of the company were exchanged, compared to its average volume of 129,913. The company has a market capitalization of $2.98 billion, a PE ratio of 27.50 and a beta of 0.91. The business has a fifty day moving average of $123.59 and a 200 day moving average of $110.73. United States Lime & Minerals has a 1-year low of $49.02 and a 1-year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced 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 Buying and Selling

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the transaction, the chief executive officer now directly owns 125,004 shares of the company's stock, valued at approximately $17,716,816.92. The trade was a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.16% of the stock is owned by corporate insiders.

Institutional Trading of United States Lime & Minerals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in shares of United States Lime & Minerals during the fourth quarter worth $25,000. Sound View Wealth Advisors Group LLC increased its position in United States Lime & Minerals by 3.8% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,525 shares of the construction company's stock worth $733,000 after purchasing an additional 200 shares during the period. The Manufacturers Life Insurance Company raised its holdings in United States Lime & Minerals by 19.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company's stock worth $496,000 after purchasing an additional 217 shares during the last quarter. Farther Finance Advisors LLC lifted its position in United States Lime & Minerals by 900.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company's stock valued at $30,000 after purchasing an additional 279 shares during the period. Finally, Amalgamated Bank lifted its position in United States Lime & Minerals by 400.0% during the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company's stock valued at $35,000 after purchasing an additional 288 shares during the period. 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.