United States Lime & Minerals (NASDAQ:USLM) Trading Up 3.9% – Here’s Why

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s stock price was up 3.9% during trading on Wednesday . The company traded as high as $121.99 and last traded at $121.81. Approximately 26,340 shares traded hands during trading, a decline of 80% from the average daily volume of 128,780 shares. The stock had previously closed at $117.27.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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 company has a fifty day moving average price of $138.41 and a 200 day moving average price of $103.31. The company has a market capitalization of $3.43 billion, a P/E ratio of 34.81 and a beta of 0.93.

United States Lime & Minerals Announces Dividend

The business also recently announced 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 0.17%. The ex-dividend date of this dividend was Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio is presently 5.80%.

Insider Transactions at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 22,261 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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.

Hedge Funds Weigh In On United States Lime & Minerals

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in shares of United States Lime & Minerals by 19.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock worth $496,000 after purchasing an additional 217 shares during the last quarter. Algert Global LLC boosted its stake in shares of United States Lime & Minerals by 31.5% during the 2nd quarter. Algert Global LLC now owns 1,090 shares of the construction company’s stock worth $397,000 after acquiring an additional 261 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of United States Lime & Minerals by 900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock worth $30,000 after acquiring an additional 279 shares during the last quarter. Amalgamated Bank grew its holdings in shares of United States Lime & Minerals by 400.0% in the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock worth $35,000 after acquiring an additional 288 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of United States Lime & Minerals by 5.3% during the third quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company’s stock valued at $575,000 after purchasing an additional 298 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

About United States Lime & Minerals

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.