United States Lime & Minerals (NASDAQ:USLM) Shares Down 3.8% – Here’s Why

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

Analyst Upgrades and Downgrades

Separately, StockNews.com cut United States Lime & Minerals from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

United States Lime & Minerals Price Performance

The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 24.07 and a beta of 0.90. The company has a fifty day moving average price of $102.11 and a two-hundred day moving average price of $113.83.

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

United States Lime & Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 21st. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 6.33%.

Insider Transactions at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of United States Lime & Minerals stock in a transaction on Monday, February 24th. The shares were sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the sale, the director now owns 2,128 shares of the company’s stock, valued at approximately $201,330.08. The trade was a 59.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors have recently bought and sold shares of USLM. Charles Schwab Investment Management Inc. increased its holdings in shares of United States Lime & Minerals by 417.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 85,757 shares of the construction company’s stock valued at $8,375,000 after acquiring an additional 69,191 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of United States Lime & Minerals by 344.6% in the third quarter. Kingsview Wealth Management LLC now owns 3,561 shares of the construction company’s stock valued at $348,000 after acquiring an additional 2,760 shares during the period. Algert Global LLC lifted its stake in shares of United States Lime & Minerals by 601.8% in the third quarter. Algert Global LLC now owns 7,650 shares of the construction company’s stock valued at $747,000 after buying an additional 6,560 shares during the period. The Manufacturers Life Insurance Company grew its position in United States Lime & Minerals by 376.8% during the third quarter. The Manufacturers Life Insurance Company now owns 6,489 shares of the construction company’s stock worth $634,000 after buying an additional 5,128 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in United States Lime & Minerals by 3,865.7% during the third quarter. Quantbot Technologies LP now owns 1,388 shares of the construction company’s stock valued at $136,000 after acquiring an additional 1,353 shares during the period. 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.