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

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

Analyst Ratings Changes

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

United States Lime & Minerals Price Performance

The firm’s 50 day moving average price is $130.62 and its 200-day moving average price is $96.96. The stock has a market cap of $3.82 billion, a P/E ratio of 38.73 and a beta of 0.89.

United States Lime & Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.15%. United States Lime & Minerals’s payout ratio is currently 5.80%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, VP Nathan O’neill sold 1,750 shares of the company’s 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 completion of the sale, the vice president now directly owns 7,880 shares in the company, valued at approximately $1,101,072.40. This represents a 18.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the sale, the chief executive officer now owns 125,004 shares of the company’s stock, valued at $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 owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in shares of United States Lime & Minerals by 537.3% during the third quarter. Principal Financial Group Inc. now owns 5,844 shares of the construction company’s stock valued at $571,000 after purchasing an additional 4,927 shares in the last quarter. Minerva Advisors LLC boosted its position in United States Lime & Minerals by 400.0% during the 3rd quarter. Minerva Advisors LLC now owns 6,250 shares of the construction company’s stock valued at $608,000 after acquiring an additional 5,000 shares in the last quarter. GSA Capital Partners LLP boosted its position in United States Lime & Minerals by 355.4% during the 3rd quarter. GSA Capital Partners LLP now owns 12,683 shares of the construction company’s stock valued at $1,239,000 after acquiring an additional 9,898 shares in the last quarter. North Star Investment Management Corp. increased its holdings in shares of United States Lime & Minerals by 400.0% in the 3rd quarter. North Star Investment Management Corp. now owns 66,850 shares of the construction company’s stock valued at $6,529,000 after acquiring an additional 53,480 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of United States Lime & Minerals in the 3rd quarter worth $1,791,000. Hedge funds and other institutional investors 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.