United States Lime & Minerals (NASDAQ:USLM) Hits New 1-Year High – Here’s What Happened

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $102.81 and last traded at $102.81, with a volume of 109 shares trading hands. The stock had previously closed at $101.35.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th.

United States Lime & Minerals Price Performance

The company has a market capitalization of $591.45 million, a P/E ratio of 7.41 and a beta of 0.85. The stock’s fifty day simple moving average is $85.77 and its 200-day simple moving average is $75.48.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.91 earnings per share for the quarter. The business had revenue of $76.55 million during the quarter. United States Lime & Minerals had a return on equity of 21.21% and a net margin of 29.87%.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a $0.05 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. United States Lime & Minerals’s payout ratio is 1.43%.

Insider Buying and Selling

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

Hedge Funds Weigh In On United States Lime & Minerals

Several large investors have recently added to or reduced their stakes in USLM. nVerses Capital LLC bought a new stake in shares of United States Lime & Minerals during the third quarter valued at approximately $49,000. CWM LLC boosted its position in shares of United States Lime & Minerals by 1,104.8% during the 2nd 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. Quest Partners LLC bought a new stake in United States Lime & Minerals in the second quarter valued at about $125,000. Fiduciary Alliance LLC acquired a new position in United States Lime & Minerals in the third quarter worth about $208,000. Finally, Arizona State Retirement System acquired a new position in United States Lime & Minerals in the second quarter worth about $233,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.