United States Lime & Minerals (NASDAQ:USLM) Reaches New 12-Month High - Still a Buy?

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $116.97 and last traded at $116.89, with a volume of 17434 shares traded. The stock had previously closed at $110.56.

Analyst Ratings Changes

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

United States Lime & Minerals Price Performance

The company's 50-day moving average price is $93.38 and its 200-day moving average price is $79.85. The company has a market cap of $3.47 billion, a P/E ratio of 34.78 and a beta of 0.82.

United States Lime & Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Friday, November 22nd. United States Lime & Minerals's payout ratio is 5.80%.

Insider Buying and Selling

In other news, Director Richard W. Cardin sold 12,000 shares of United States Lime & Minerals 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 transaction, the director now owns 14,300 shares of the company's stock, valued at $1,113,684. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.16% of the stock is currently owned by corporate insiders.

Institutional Trading of United States Lime & Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of USLM. Farther Finance Advisors LLC increased its position in United States Lime & Minerals by 900.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company's stock worth $30,000 after purchasing an additional 279 shares in the last quarter. Amalgamated Bank boosted its stake in shares of United States Lime & Minerals by 400.0% in the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company's stock valued at $35,000 after purchasing an additional 288 shares during the last quarter. nVerses Capital LLC bought a new position in United States Lime & Minerals during the third quarter worth $49,000. CWM LLC boosted its stake in United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company's stock worth $92,000 after acquiring an additional 232 shares in the last quarter. Finally, Quest Partners LLC bought a new position in United States Lime & Minerals during the second quarter worth $125,000. Institutional investors and hedge funds own 27.12% of the company's stock.

About United States Lime & Minerals

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.