StockNews.com cut shares of United States Lime & Minerals (NASDAQ:USLM - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday.
United States Lime & Minerals Price Performance
Shares of United States Lime & Minerals stock traded down $1.70 during trading on Friday, reaching $91.44. 92,699 shares of the company traded hands, compared to its average volume of 101,522. United States Lime & Minerals has a 1-year low of $57.32 and a 1-year high of $159.53. The company has a 50 day moving average price of $105.87 and a 200-day moving average price of $113.31. The firm has a market capitalization of $2.62 billion, a PE ratio of 24.10 and a beta of 0.90.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.26%. United States Lime & Minerals's dividend payout ratio is 6.33%.
Insider Buying and Selling at United States Lime & Minerals
In related news, Director Sandra C. Duhe sold 3,157 shares of the business'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 owns 2,128 shares of the company's stock, valued at approximately $201,330.08. The trade was a 59.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.16% of the company's stock.
Hedge Funds Weigh In On United States Lime & Minerals
Several hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in United States Lime & Minerals during the fourth quarter valued at approximately $250,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in United States Lime & Minerals during the fourth quarter valued at approximately $520,000. Pinnacle Wealth Management LLC purchased a new position in United States Lime & Minerals in the 4th quarter worth approximately $2,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in United States Lime & Minerals by 34.2% in 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 buying an additional 4,592 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in United States Lime & Minerals in the 4th quarter worth approximately $334,000. Hedge funds and other institutional investors own 27.12% of the company's stock.
About United States Lime & Minerals
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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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