United States Lime & Minerals (NASDAQ:USLM) Stock Price Down 3.4% - Time to Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) dropped 3.4% on Thursday . The company traded as low as $127.85 and last traded at $128.28. Approximately 29,919 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 100,901 shares. The stock had previously closed at $132.74.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Stock Down 8.0 %

The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 35.40 and a beta of 0.88. The stock has a 50 day simple moving average of $137.52 and a 200 day simple moving average of $101.85.

United States Lime & Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Friday, November 22nd. United States Lime & Minerals's payout ratio is 5.80%.

Insider Activity

In other United States Lime & Minerals news, VP Nathan O'neill sold 1,750 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total value of $244,527.50. Following the completion of the sale, the vice president now directly owns 7,880 shares in the company, valued at $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy W. Byrne sold 22,261 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the sale, the chief executive officer now owns 125,004 shares of the company's stock, valued at approximately $17,716,816.92. This trade represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.16% of the company's stock.

Hedge Funds Weigh In On United States Lime & Minerals

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in United States Lime & Minerals by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 17,553 shares of the construction company's stock valued at $6,392,000 after buying an additional 869 shares in the last quarter. Arizona State Retirement System acquired a new position in United States Lime & Minerals in the 2nd quarter worth approximately $233,000. Koss Olinger Consulting LLC purchased a new position in United States Lime & Minerals during the 2nd quarter worth approximately $758,000. Quest Partners LLC acquired a new stake in United States Lime & Minerals during the 2nd quarter valued at $125,000. Finally, American Century Companies Inc. lifted its holdings in shares of United States Lime & Minerals by 10.5% in the second quarter. American Century Companies Inc. now owns 13,120 shares of the construction company's stock valued at $4,778,000 after purchasing an additional 1,246 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.