United States Lime & Minerals (NASDAQ:USLM) Reaches New 1-Year High – Time to Buy?

United States Lime & Minerals, Inc. (NASDAQ:USLM) hit a new 52-week high during trading on Monday . The stock traded as high as $105.98 and last traded at $105.65, with a volume of 6202 shares traded. The stock had previously closed at $104.35.

Analyst Ratings Changes

Separately, StockNews.com raised 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 stock has a 50-day moving average of $89.81 and a 200 day moving average of $77.74. The firm has a market capitalization of $3.02 billion, a P/E ratio of 35.03 and a beta of 0.85.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Wednesday, July 31st. The construction company reported $0.91 earnings per share 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 business also recently announced 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. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. United States Lime & Minerals’s payout ratio is currently 6.63%.

Insider Activity at United States Lime & Minerals

In related news, Director Richard W. Cardin sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total transaction of $934,560.00. Following the completion of the transaction, the director now owns 14,300 shares in the company, valued at approximately $1,113,684. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in United States Lime & Minerals in the 3rd quarter valued at $49,000. CWM LLC lifted its position in United States Lime & Minerals by 1,104.8% during the 2nd quarter. CWM LLC now owns 253 shares of the construction company’s stock worth $92,000 after buying an additional 232 shares in the last quarter. Quest Partners LLC acquired a new position in shares of United States Lime & Minerals during the 2nd quarter worth about $125,000. Fiduciary Alliance LLC bought a new position in shares of United States Lime & Minerals in the 3rd quarter valued at about $208,000. Finally, Arizona State Retirement System acquired a new stake in shares of United States Lime & Minerals in the second quarter valued at about $233,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.