United States Lime & Minerals (NASDAQ:USLM) Upgraded by StockNews.com to "Buy" Rating

StockNews.com upgraded shares of United States Lime & Minerals (NASDAQ:USLM - Free Report) from a hold rating to a buy rating in a research report released on Monday morning.

United States Lime & Minerals Stock Performance

Shares of USLM traded down $0.05 during trading hours on Monday, hitting $90.27. The stock had a trading volume of 130,419 shares, compared to its average volume of 127,596. United States Lime & Minerals has a 12-month low of $56.10 and a 12-month high of $159.53. The firm has a market cap of $2.58 billion, a P/E ratio of 23.79 and a beta of 0.91. The company's fifty day simple moving average is $111.24 and its 200 day simple moving average is $112.27.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 EPS for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.06 per share. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date is Friday, February 21st. United States Lime & Minerals's payout ratio is currently 6.33%.

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Insider Activity

In related news, Director Sandra C. Duhe sold 3,157 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.16% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of USLM. Global Retirement Partners LLC purchased a new stake in shares of United States Lime & Minerals during the fourth quarter valued at approximately $25,000. Sound View Wealth Advisors Group LLC grew its holdings in United States Lime & Minerals by 3.8% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,525 shares of the construction company's stock valued at $733,000 after purchasing an additional 200 shares in the last quarter. State of Wyoming purchased a new stake in United States Lime & Minerals during the 4th quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in United States Lime & Minerals during the 4th quarter worth $36,000. Finally, Farther Finance Advisors LLC lifted its holdings in United States Lime & Minerals by 900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company's stock worth $30,000 after buying an additional 279 shares in the last quarter. 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.