United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report)'s share price was down 5.4% during mid-day trading on Tuesday . The stock traded as low as $136.25 and last traded at $136.41. Approximately 19,533 shares traded hands during trading, a decline of 81% from the average daily volume of 100,281 shares. The stock had previously closed at $144.18.
Wall Street Analyst Weigh In
Separately, StockNews.com raised United States Lime & Minerals from a "hold" rating to a "buy" rating in a report on Tuesday, October 22nd.
View Our Latest Research Report on USLM
United States Lime & Minerals Price Performance
The company has a fifty day moving average price of $129.91 and a 200 day moving average price of $96.70. The stock has a market cap of $4.04 billion, a P/E ratio of 40.99 and a beta of 0.89.
United States Lime & Minerals Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Friday, November 22nd. United States Lime & Minerals's dividend payout ratio (DPR) is currently 5.80%.
Insider Buying and Selling
In related news, VP Nathan O'neill sold 1,750 shares of the stock in a transaction 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 sale, the vice president now owns 7,880 shares in the company, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy W. Byrne sold 22,261 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the transaction, the chief executive officer now owns 125,004 shares of the company's stock, valued at approximately $17,716,816.92. The trade was a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by insiders.
Institutional Investors Weigh In On United States Lime & Minerals
A number of large investors have recently added to or reduced their stakes in USLM. CWM LLC lifted its stake in United States Lime & Minerals by 1,104.8% in the second quarter. CWM LLC now owns 253 shares of the construction company's stock worth $92,000 after purchasing an additional 232 shares during the last quarter. Farther Finance Advisors LLC grew 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 acquiring an additional 279 shares during the last quarter. Quest Partners LLC purchased a new position in United States Lime & Minerals in the 2nd quarter worth approximately $125,000. Amalgamated Bank lifted its position in United States Lime & Minerals by 400.0% in the third 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. Finally, nVerses Capital LLC purchased a new stake in shares of United States Lime & Minerals during the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 27.12% of the company's stock.
United States Lime & Minerals Company Profile
(
Get Free Report)
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.
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