Freedom Broker Has Lowered Expectations for United States Lime & Minerals (NASDAQ:USLM) Stock Price

United States Lime & Minerals (NASDAQ:USLM) had its price target cut by investment analysts at Freedom Broker from $132.00 to $131.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Freedom Broker‘s price target points to a potential upside of 10.09% from the company’s current price.

Separately, Weiss Ratings raised United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $131.00.

United States Lime & Minerals Stock Performance

USLM traded up $7.38 during midday trading on Monday, reaching $118.99. The company had a trading volume of 324,351 shares, compared to its average volume of 155,288. The stock has a market cap of $3.41 billion, a PE ratio of 25.64 and a beta of 0.66. United States Lime & Minerals has a 12-month low of $96.27 and a 12-month high of $141.43. The business has a 50-day moving average price of $112.73 and a two-hundred day moving average price of $115.26.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings results on Friday, October 30th. The construction company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.16). The company had revenue of $106.19 million for the quarter, compared to analysts’ expectations of $122.00 million. United States Lime & Minerals had a return on equity of 20.18% and a net margin of 35.08%.

Insider Transactions at United States Lime & Minerals

In other news, Director Antoine M. Doumet sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the director owned 90,000 shares of the company’s stock, valued at $9,900,000. The trade was a 18.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Holdings Ltd. Candou purchased 20,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average cost of $110.00 per share, for a total transaction of $2,200,000.00. Following the transaction, the insider owned 17,673,780 shares of the company’s stock, valued at approximately $1,944,115,800. This trade represents a 0.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of USLM. Summit Wealth Group LLC Co. purchased a new stake in shares of United States Lime & Minerals during the third quarter worth $818,000. Schwartz Investment Counsel Inc. grew its position in shares of United States Lime & Minerals by 6.8% in the third quarter. Schwartz Investment Counsel Inc. now owns 21,493 shares of the construction company’s stock valued at $2,431,000 after purchasing an additional 1,370 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of United States Lime & Minerals by 833.3% during the 3rd quarter. Sterling Capital Management LLC now owns 364 shares of the construction company’s stock valued at $41,000 after purchasing an additional 325 shares during the period. Cardinal Capital Management raised its stake in shares of United States Lime & Minerals by 0.5% during the 3rd quarter. Cardinal Capital Management now owns 44,780 shares of the construction company’s stock valued at $5,065,000 after purchasing an additional 204 shares during the period. Finally, Vest Financial LLC raised its stake in shares of United States Lime & Minerals by 53.7% during the 3rd quarter. Vest Financial LLC now owns 51,198 shares of the construction company’s stock valued at $5,791,000 after purchasing an additional 17,891 shares during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

About United States Lime & Minerals

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.