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 issued on Saturday.

United States Lime & Minerals Stock Performance

NASDAQ:USLM traded up $3.06 on Friday, hitting $106.70. 122,134 shares of the stock were exchanged, compared to its average volume of 129,034. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 24.47 and a beta of 0.98. United States Lime & Minerals has a 52 week low of $68.85 and a 52 week high of $159.53. The company's 50-day moving average price is $102.83 and its 200 day moving average price is $99.81.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly 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). The company had revenue of $91.52 million during the quarter, compared to analyst estimates of $101.00 million. United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.99%.

United States Lime & Minerals Dividend Announcement

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

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in United States Lime & Minerals by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock valued at $71,444,000 after acquiring an additional 94,149 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of United States Lime & Minerals by 6.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 507,541 shares of the construction company's stock worth $67,372,000 after buying an additional 28,947 shares in the last quarter. William Blair Investment Management LLC lifted its stake in 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 valued at $35,697,000 after acquiring an additional 70,457 shares in the last quarter. Select Equity Group L.P. boosted its position in United States Lime & Minerals by 3.5% during the 1st quarter. Select Equity Group L.P. now owns 339,786 shares of the construction company's stock worth $30,030,000 after acquiring an additional 11,432 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of United States Lime & Minerals by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 314,531 shares of the construction company's stock worth $41,759,000 after acquiring an additional 6,482 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Company Profile

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.