United States Lime & Minerals (NASDAQ:USLM) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has reissued a "buy (B-)" rating for United States Lime & Minerals (NASDAQ:USLM), while Wall Street Zen has downgraded it from "buy" to "hold."
• The company reported a quarterly EPS of $1.07, which was below analysts' expectations of $1.14, alongside revenue of $91.52 million against estimates of $101 million.
• CEO Timothy W. Byrne sold over 27,000 shares of the stock, reducing his ownership by 21.77%, while institutional investors own approximately 27.12% of the company.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report)'s stock had its "buy (b-)" rating reissued by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded United States Lime & Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

United States Lime & Minerals Price Performance

NASDAQ:USLM traded down $0.78 during mid-day trading on Friday, reaching $134.35. The stock had a trading volume of 39,625 shares, compared to its average volume of 84,729. The business's 50 day moving average is $126.21 and its 200 day moving average is $110.00. United States Lime & Minerals has a fifty-two week low of $80.47 and a fifty-two week high of $159.53. The stock has a market cap of $3.85 billion, a P/E ratio of 30.99 and a beta of 1.02.

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

Insider Activity at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 27,425 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $121.05, for a total value of $3,319,796.25. Following the sale, the chief executive officer owned 98,532 shares in the company, valued at approximately $11,927,298.60. This trade represents a 21.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United States Lime & Minerals

Several hedge funds and other institutional investors have recently modified their holdings of USLM. Copeland Capital Management LLC acquired a new stake in shares of United States Lime & Minerals in the third quarter worth $19,916,000. First Trust Advisors LP grew its stake in shares of United States Lime & Minerals by 281.5% in the second quarter. First Trust Advisors LP now owns 192,869 shares of the construction company's stock worth $19,248,000 after acquiring an additional 142,308 shares during the last quarter. Millennium Management LLC grew its stake in shares of United States Lime & Minerals by 202.9% in the first quarter. Millennium Management LLC now owns 193,388 shares of the construction company's stock worth $17,092,000 after acquiring an additional 129,534 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of United States Lime & Minerals by 13.2% in the first quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock worth $71,444,000 after acquiring an additional 94,149 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of United States Lime & Minerals by 33.6% in the first quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company's stock worth $25,938,000 after acquiring an additional 73,891 shares during 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.

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