United States Lime & Minerals (NASDAQ:USLM) Shares Gap Down – What’s Next?

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) gapped down prior to trading on Tuesday . The stock had previously closed at $110.47, but opened at $107.09. United States Lime & Minerals shares last traded at $109.28, with a volume of 16,275 shares.

Analyst Ratings Changes

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

United States Lime & Minerals Stock Down 1.6 %

The company has a market capitalization of $3.16 billion, a P/E ratio of 32.03 and a beta of 0.91. The stock has a fifty day simple moving average of $131.14 and a 200-day simple moving average of $109.44.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Monday, February 3rd. The construction company reported $0.94 EPS for the quarter. United States Lime & Minerals had a net margin of 32.60% and a return on equity of 22.95%.

United States Lime & Minerals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from United States Lime & Minerals’s previous quarterly dividend of $0.05. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.80%.

Insider Buying and Selling

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of the firm’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 sale, the chief executive officer now directly owns 125,004 shares in the company, valued at $17,716,816.92. This trade represents a 15.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nathan O’neill sold 1,750 shares of United States Lime & Minerals stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total transaction 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 disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Institutional Trading of United States Lime & Minerals

Several institutional investors have recently made changes to their positions in USLM. Global Retirement Partners LLC acquired a new stake in shares of United States Lime & Minerals during the 4th quarter valued at about $25,000. Farther Finance Advisors LLC boosted its position in shares of 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 valued at $30,000 after acquiring an additional 279 shares in the last quarter. Amalgamated Bank boosted its position in shares of United States Lime & Minerals by 400.0% during the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock valued at $35,000 after acquiring an additional 288 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at about $49,000. Finally, FMR LLC boosted 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 acquiring an additional 403 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.