United States Lime & Minerals (NASDAQ:USLM) Stock Price Down 5.4% – Time to Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price fell 5.4% during trading on Tuesday . The stock traded as low as $136.25 and last traded at $136.41. 19,533 shares traded hands during trading, a decline of 81% from the average session volume of 100,281 shares. The stock had previously closed at $144.18.

Analysts Set New Price Targets

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

United States Lime & Minerals Trading Down 1.6 %

The firm has a market cap of $4.06 billion, a P/E ratio of 41.79 and a beta of 0.89. The company’s fifty day moving average price is $129.00 and its two-hundred day moving average price is $96.18.

United States Lime & Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is currently 5.80%.

Insider Activity at United States Lime & Minerals

In other news, VP Nathan O’neill sold 1,750 shares of the stock in a transaction on Tuesday, November 12th. The shares were 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 of the company’s stock, valued at $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The sale 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 United States Lime & Minerals stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the transaction, the chief executive officer now directly owns 125,004 shares of the company’s stock, valued at approximately $17,716,816.92. This represents 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 owned by insiders.

Institutional Trading of United States Lime & Minerals

Several institutional investors have recently bought and sold shares of USLM. Franklin Resources Inc. grew its stake in United States Lime & Minerals by 432.3% during the 3rd quarter. Franklin Resources Inc. now owns 6,036 shares of the construction company’s stock worth $612,000 after purchasing an additional 4,902 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at about $640,000. Geode Capital Management LLC boosted its stake in United States Lime & Minerals by 422.7% during the 3rd quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock valued at $30,089,000 after acquiring an additional 249,115 shares during the last quarter. Barclays PLC boosted its holdings in shares of United States Lime & Minerals by 1,182.8% in the 3rd quarter. Barclays PLC now owns 21,512 shares of the construction company’s stock valued at $2,101,000 after buying an additional 19,835 shares during the period. Finally, Jane Street Group LLC lifted its position in United States Lime & Minerals by 356.8% in the third quarter. Jane Street Group LLC now owns 19,802 shares of the construction company’s stock worth $1,934,000 after purchasing an additional 15,467 shares during the period. 27.12% of the stock is 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.