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

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

United States Lime & Minerals Trading Up 3.4 %

USLM stock traded up $2.69 during midday trading on Monday, reaching $81.77. The stock had a trading volume of 123,588 shares, compared to its average volume of 116,547. The company’s fifty day simple moving average is $71.16 and its 200 day simple moving average is $60.12. The company has a market cap of $466.91 million, a price-to-earnings ratio of 5.85 and a beta of 0.85. United States Lime & Minerals has a 52-week low of $37.11 and a 52-week high of $82.99.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.78 EPS for the quarter. United States Lime & Minerals had a return on equity of 20.70% and a net margin of 27.91%. The business had revenue of $71.69 million for the quarter.

Insider Transactions at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 1,000 shares of United States Lime & Minerals stock in a transaction on Friday, June 7th. The stock was sold at an average price of $66.06, for a total transaction of $66,064.00. Following the transaction, the chief executive officer now owns 147,715 shares in the company, valued at approximately $9,758,643.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Timothy W. Byrne sold 1,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $66.06, for a total value of $66,064.00. Following the sale, the chief executive officer now directly owns 147,715 shares in the company, valued at approximately $9,758,643.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy W. Byrne sold 36,945 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $67.34, for a total transaction of $2,487,728.52. Following the completion of the sale, the chief executive officer now owns 151,900 shares in the company, valued at $10,228,338.40. The disclosure for this sale can be found here. Insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On United States Lime & Minerals

Institutional investors have recently bought and sold shares of the company. CWM LLC grew its position in United States Lime & Minerals by 1,104.8% in the 2nd quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after acquiring an additional 232 shares in the last quarter. Quest Partners LLC acquired a new position in United States Lime & Minerals in the 4th quarter valued at about $91,000. SG Americas Securities LLC acquired a new position in United States Lime & Minerals in the 4th quarter valued at about $123,000. Principal Financial Group Inc. acquired a new position in United States Lime & Minerals in the 1st quarter valued at about $249,000. Finally, Boyar Asset Management Inc. acquired a new position in United States Lime & Minerals in the 4th quarter valued at about $206,000. 27.12% of the stock is owned by institutional investors and hedge funds.

About United States Lime & Minerals

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.