United States Lime & Minerals (NASDAQ:USLM) Hits New 52-Week High - Here's Why

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $105.98 and last traded at $105.65, with a volume of 6202 shares traded. The stock had previously closed at $104.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised United States Lime & Minerals from a "hold" rating to a "buy" rating in a research report on Tuesday, October 22nd.

United States Lime & Minerals Stock Up 2.0 %

The stock has a 50 day moving average price of $89.81 and a two-hundred day moving average price of $77.74. The firm has a market cap of $3.04 billion, a PE ratio of 34.99 and a beta of 0.85.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.91 EPS for the quarter. United States Lime & Minerals had a net margin of 29.87% and a return on equity of 21.21%. The business had revenue of $76.55 million for the quarter.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Friday, August 23rd. United States Lime & Minerals's payout ratio is 6.63%.

Insider Transactions at United States Lime & Minerals

In related news, Director Richard W. Cardin sold 12,000 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total value of $934,560.00. Following the completion of the sale, the director now owns 14,300 shares of the company's stock, valued at approximately $1,113,684. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.62% of the company's stock.

Institutional Trading of United States Lime & Minerals

Several hedge funds have recently made changes to their positions in the company. Linden Thomas Advisory Services LLC grew its holdings in shares of United States Lime & Minerals by 1.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company's stock worth $3,019,000 after purchasing an additional 84 shares during the period. The Manufacturers Life Insurance Company boosted its stake in United States Lime & Minerals by 19.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company's stock worth $496,000 after buying an additional 217 shares during the period. CWM LLC raised its stake in shares of United States Lime & Minerals by 1,104.8% in the 2nd quarter. CWM LLC now owns 253 shares of the construction company's stock valued at $92,000 after acquiring an additional 232 shares during the period. Algert Global LLC lifted its holdings in shares of United States Lime & Minerals by 31.5% in the 2nd quarter. Algert Global LLC now owns 1,090 shares of the construction company's stock worth $397,000 after acquiring an additional 261 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of United States Lime & Minerals by 5.3% during the 3rd quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company's stock worth $575,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.