United States Lime & Minerals (NASDAQ:USLM) Downgraded by ValuEngine

ValuEngine downgraded shares of United States Lime & Minerals (NASDAQ:USLM) from a hold rating to a sell rating in a research note released on Monday, ValuEngine reports.

Separately, BidaskClub raised shares of United States Lime & Minerals from a hold rating to a buy rating in a research note on Saturday, November 2nd.

USLM stock traded down $1.33 during trading on Monday, reaching $92.12. The company had a trading volume of 6,400 shares, compared to its average volume of 3,584. United States Lime & Minerals has a 52 week low of $68.20 and a 52 week high of $95.76. The company has a market cap of $509.92 million, a P/E ratio of 20.23 and a beta of 0.52. The business has a 50 day moving average of $79.91 and a 200 day moving average of $80.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.51 and a quick ratio of 10.38.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, November 21st.

A number of hedge funds have recently added to or reduced their stakes in USLM. Aperio Group LLC bought a new position in United States Lime & Minerals in the second quarter worth about $81,000. Russell Investments Group Ltd. purchased a new stake in United States Lime & Minerals in the second quarter worth about $513,000. Bank of Montreal Can grew its holdings in United States Lime & Minerals by 92.9% in the second quarter. Bank of Montreal Can now owns 351 shares of the construction company’s stock worth $29,000 after purchasing an additional 169 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in United States Lime & Minerals by 11.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 12,642 shares of the construction company’s stock worth $1,012,000 after purchasing an additional 1,319 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in United States Lime & Minerals by 0.4% in the second quarter. Renaissance Technologies LLC now owns 225,260 shares of the construction company’s stock worth $18,021,000 after purchasing an additional 915 shares during the period. 27.16% of the stock is owned by institutional investors.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It operates through two segments, Lime and Limestone Operations, and Natural Gas Interests. The Lime and Limestone Operations segment extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry.

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