United States Lime & Minerals (NASDAQ:USLM) Stock Rating Lowered by Wall Street Zen

United States Lime & Minerals (NASDAQ:USLM) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

United States Lime & Minerals Stock Down 0.6%

United States Lime & Minerals stock opened at $99.02 on Friday. The business has a 50 day moving average price of $102.81 and a two-hundred day moving average price of $99.93. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 22.71 and a beta of 0.98. United States Lime & Minerals has a 12 month low of $65.45 and a 12 month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings results on Wednesday, July 30th. The construction company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). The firm 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%.

Institutional Investors Weigh In On United States Lime & Minerals

Several large investors have recently modified their holdings of USLM. State of Wyoming bought a new stake in shares of United States Lime & Minerals in the 4th quarter valued at approximately $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of United States Lime & Minerals in the 4th quarter valued at approximately $36,000. National Bank of Canada FI bought a new stake in shares of United States Lime & Minerals in the 4th quarter valued at approximately $72,000. Covestor Ltd grew its stake in shares of United States Lime & Minerals by 4,902.8% in the 1st quarter. Covestor Ltd now owns 1,801 shares of the construction company’s stock valued at $159,000 after purchasing an additional 1,765 shares during the period. Finally, State of Tennessee Department of Treasury bought a new stake in shares of United States Lime & Minerals in the 4th quarter valued at approximately $181,000. 27.12% of the stock is currently 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.