Fri Sep 20 11:39:33 UTC 2024: ## United States Lime & Minerals (USLM) Hits 52-Week High, Receives “Buy” Rating

**New York, NY – September 20, 2024** – Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) soared to a new 52-week high on Wednesday, reaching $88.56 before closing at $88.12. This surge in price followed a positive analyst upgrade and strong financial performance.

StockNews.com upgraded USLM from a “hold” rating to a “buy” rating on August 2nd. The company cited strong earnings and a positive outlook for the construction industry as reasons for the bullish stance.

USLM reported strong earnings for the quarter ending July 31st, with earnings per share (EPS) of $0.91 and revenue of $76.55 million. The company also recently paid a quarterly dividend of $0.05 per share, representing an annualized dividend of $0.20 and a yield of 0.21%.

Further bolstering the bullish sentiment, Director Richard W. Cardin sold 12,000 shares of USLM on August 22nd at an average price of $77.88, but still owns a significant stake in the company.

Several institutional investors have also shown confidence in USLM by increasing their holdings in recent quarters. BNP Paribas Financial Markets, Linden Thomas Advisory Services LLC, The Manufacturers Life Insurance Company, CWM LLC, and Algert Global LLC all increased their stakes in the construction company.

United States Lime & Minerals, Inc. is a leading manufacturer and supplier of lime and limestone products in the US. The company’s products are used in a wide range of applications, including construction, industrial, and environmental industries.

This positive news and the continued strong performance of the company suggest that USLM is well-positioned for continued growth in the coming months.

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