United States Lime & Minerals (NASDAQ:USLM) Reaches New 12-Month High – Here’s What Happened

United States Lime & Minerals, Inc. (NASDAQ:USLM) hit a new 52-week high during trading on Wednesday . The company traded as high as $159.98 and last traded at $159.98, with a volume of 598 shares trading hands. The stock had previously closed at $157.45.

Wall Street Analyst Weigh In

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 Stock Performance

The business has a fifty day simple moving average of $115.79 and a 200 day simple moving average of $89.37. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 44.58 and a beta of 0.82.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, November 22nd. 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 United States Lime & Minerals stock in a transaction that occurred 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 approximately $1,101,072.40. The trade was a 18.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy W. Byrne sold 22,261 shares of the business’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 completion of the transaction, the chief executive officer now owns 125,004 shares of the company’s stock, valued at $17,716,816.92. This trade represents a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by corporate insiders.

Institutional Trading of United States Lime & Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USLM. Thrivent Financial for Lutherans boosted its position in shares of United States Lime & Minerals by 202.6% in the third quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company’s stock worth $47,845,000 after acquiring an additional 327,983 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of United States Lime & Minerals by 322.3% in the 3rd quarter. Royce & Associates LP now owns 352,200 shares of the construction company’s stock valued at $34,396,000 after purchasing an additional 268,800 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of United States Lime & Minerals by 422.7% in the 3rd quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock valued at $30,089,000 after purchasing an additional 249,115 shares during the last quarter. State Street Corp grew its stake in shares of United States Lime & Minerals by 421.7% during the 3rd quarter. State Street Corp now owns 242,826 shares of the construction company’s stock valued at $23,714,000 after buying an additional 196,277 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of United States Lime & Minerals by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 158,910 shares of the construction company’s stock worth $57,872,000 after buying an additional 1,900 shares during the last quarter. 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.