United States Lime & Minerals (NASDAQ:USLM) Trading Down 3.8% - Here's What Happened

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) shares fell 3.8% during mid-day trading on Tuesday . The company traded as low as $92.73 and last traded at $93.02. 15,608 shares changed hands during trading, a decline of 87% from the average session volume of 121,848 shares. The stock had previously closed at $96.64.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of United States Lime & Minerals from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

United States Lime & Minerals Trading Down 1.1 %

The firm's 50 day simple moving average is $100.85 and its 200 day simple moving average is $113.75. The firm has a market cap of $2.55 billion, a PE ratio of 23.49 and a beta of 0.90.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its earnings results on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were given a dividend of $0.06 per share. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, February 21st. United States Lime & Minerals's dividend payout ratio is currently 6.33%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, Director Sandra C. Duhe sold 3,157 shares of the stock in a transaction 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 in the company, valued at $201,330.08. This trade represents a 59.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.16% of the stock is currently owned by insiders.

Institutional Trading of United States Lime & Minerals

Large investors have recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new position in United States Lime & Minerals in the fourth quarter worth about $25,000. State of Wyoming purchased a new position in shares of United States Lime & Minerals in the 4th quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of United States Lime & Minerals during the 4th quarter valued at approximately $36,000. FMR LLC increased its position in shares of United States Lime & Minerals by 403.0% during the 3rd quarter. FMR LLC now owns 503 shares of the construction company's stock valued at $49,000 after purchasing an additional 403 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in United States Lime & Minerals during the 4th quarter valued at $72,000. 27.12% of the stock is currently owned by institutional investors.

United States Lime & Minerals Company Profile

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.