United States Lime & Minerals (NASDAQ:USLM) Reaches New 1-Year High at $88.56

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) hit a new 52-week high during trading on Wednesday . The stock traded as high as $88.56 and last traded at $88.12, with a volume of 5480 shares. The stock had previously closed at $87.51.

Wall Street Analyst Weigh In

Separately, StockNews.com raised United States Lime & Minerals from a “hold” rating to a “buy” rating in a report on Friday, August 2nd.

United States Lime & Minerals Stock Up 0.7 %

The business’s fifty day moving average is $78.84 and its two-hundred day moving average is $70.01. The firm has a market cap of $503.08 million, a price-to-earnings ratio of 6.26 and a beta of 0.84.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Wednesday, July 31st. The construction company reported $0.91 EPS for the quarter. United States Lime & Minerals had a return on equity of 21.21% and a net margin of 29.87%. The company had revenue of $76.55 million during the quarter.

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, August 23rd. United States Lime & Minerals’s dividend payout ratio is 1.43%.

Insider Buying and Selling at United States Lime & Minerals

In related news, Director Richard W. Cardin sold 12,000 shares of United States Lime & Minerals stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total transaction of $934,560.00. Following the completion of the sale, the director now directly owns 14,300 shares of the company’s stock, valued at $1,113,684. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors and hedge funds have recently made changes to their positions in USLM. CWM LLC grew its stake in United States Lime & Minerals by 1,104.8% in the second quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after acquiring an additional 232 shares during the period. Quest Partners LLC bought a new stake in United States Lime & Minerals during the 2nd quarter worth approximately $125,000. Arizona State Retirement System acquired a new stake in United States Lime & Minerals during the 2nd quarter worth approximately $233,000. Principal Financial Group Inc. bought a new position in United States Lime & Minerals in the first quarter valued at approximately $249,000. Finally, Boyar Asset Management Inc. acquired a new position in shares of United States Lime & Minerals in the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.