United States Lime & Minerals (NASDAQ:USLM) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• United States Lime & Minerals (NASDAQ: USLM) was downgraded from a "buy" rating to a "hold" rating by Wall Street Zen in a recent report.
• The company's stock opened at $99.02 and has a market capitalization of $2.83 billion, with a P/E ratio of 22.71.
• In its latest earnings report, USLM missed earnings estimates with an EPS of $1.07, below the expected $1.14, and recorded revenue of $91.52 million against a consensus of $101 million.

Wall Street Zen lowered shares of United States Lime & Minerals (NASDAQ:USLM - Free Report) from a buy rating to a hold rating in a report published on Saturday.

United States Lime & Minerals Stock Down 1.1%

United States Lime & Minerals stock traded down $1.22 during trading on Friday, hitting $105.48. The stock had a trading volume of 43,163 shares, compared to its average volume of 128,446. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 24.24 and a beta of 0.98. United States Lime & Minerals has a 1 year low of $68.85 and a 1 year high of $159.53. The stock's 50 day moving average is $102.83 and its two-hundred day moving average is $99.81.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The construction company reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.24%. The company had revenue of $91.52 million during the quarter, compared to analysts' expectations of $101.00 million.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 22nd. United States Lime & Minerals's dividend payout ratio is currently 5.50%.

Institutional Trading of United States Lime & Minerals

Several large investors have recently bought and sold shares of USLM. Y Intercept Hong Kong Ltd bought a new position in United States Lime & Minerals in the second quarter worth $1,070,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of United States Lime & Minerals in the 2nd quarter worth approximately $309,000. William Blair Investment Management LLC grew its stake in shares of United States Lime & Minerals by 24.5% in the 2nd quarter. William Blair Investment Management LLC now owns 357,690 shares of the construction company's stock worth $35,697,000 after buying an additional 70,457 shares during the last quarter. Cannon Global Investment Management LLC purchased a new position in United States Lime & Minerals during the second quarter valued at $250,000. Finally, Vest Financial LLC purchased a new stake in shares of United States Lime & Minerals in the second quarter worth $1,061,000. 27.12% of the stock is owned by institutional investors.

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.