StockNews.com upgraded shares of United States Lime & Minerals (NASDAQ:USLM - Free Report) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.
United States Lime & Minerals Trading Down 2.4 %
Shares of NASDAQ USLM traded down $2.10 during mid-day trading on Wednesday, reaching $83.68. 56,911 shares of the company's stock were exchanged, compared to its average volume of 102,884. United States Lime & Minerals has a twelve month low of $57.61 and a twelve month high of $159.53. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 22.05 and a beta of 0.93. The business has a fifty day simple moving average of $97.88 and a 200 day simple moving average of $114.36.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $0.94 earnings per share for the quarter. United States Lime & Minerals had a net margin of 34.27% and a return on equity of 24.55%.
United States Lime & Minerals Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Friday, February 21st. This is a positive change from United States Lime & Minerals's previous quarterly dividend of $0.05. United States Lime & Minerals's dividend payout ratio (DPR) is currently 6.33%.
Insider Buying and Selling at United States Lime & Minerals
In other news, Director Sandra C. Duhe sold 3,157 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $94.61, for a total transaction of $298,683.77. Following the completion of the transaction, the director now directly owns 2,128 shares of the company's stock, valued at $201,330.08. This trade represents a 59.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.16% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of United States Lime & Minerals during the 4th quarter worth about $250,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in United States Lime & Minerals during the fourth quarter valued at approximately $520,000. Pinnacle Wealth Management LLC bought a new position in United States Lime & Minerals in the fourth quarter valued at approximately $2,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of United States Lime & Minerals by 34.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,030 shares of the construction company's stock worth $2,393,000 after purchasing an additional 4,592 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of United States Lime & Minerals during the 4th quarter worth approximately $334,000. Institutional investors own 27.12% of the company's stock.
About United States Lime & Minerals
(
Get Free Report)
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.
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