United States Lime & Minerals (NASDAQ:USLM) Sets New 12-Month High - Here's What Happened

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $146.70 and last traded at $142.41, with a volume of 14926 shares changing hands. The stock had previously closed at $143.11.

Wall Street Analyst Weigh In

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

United States Lime & Minerals Trading Down 0.6 %

The business's 50-day simple moving average is $97.82 and its two-hundred day simple moving average is $81.96. The company has a market capitalization of $4.07 billion, a PE ratio of 41.43 and a beta of 0.82.

United States Lime & Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.14%. United States Lime & Minerals's dividend payout ratio is presently 5.80%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, Director Richard W. Cardin sold 12,000 shares of United States Lime & Minerals stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total transaction of $934,560.00. Following the completion of the sale, 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 filing with the SEC, which is available at this hyperlink. Company insiders own 2.16% of the company's stock.

Hedge Funds Weigh In On United States Lime & Minerals

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in shares of United States Lime & Minerals by 900.0% in the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company's stock valued at $30,000 after buying an additional 279 shares during the period. Amalgamated Bank boosted its position in United States Lime & Minerals by 400.0% during the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company's stock worth $35,000 after buying an additional 288 shares during the period. nVerses Capital LLC bought a new position in United States Lime & Minerals during the 3rd quarter worth approximately $49,000. CWM LLC increased its holdings in shares of United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company's stock valued at $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 in the 2nd quarter valued at $125,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.