United States Lime & Minerals (NASDAQ:USLM) Hits New 52-Week High – Time to Buy?

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $149.67 and last traded at $149.67, with a volume of 36821 shares changing hands. The stock had previously closed at $139.87.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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 Trading Down 0.4 %

The stock has a fifty day moving average price of $109.36 and a 200 day moving average price of $86.63. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 43.40 and a beta of 0.82.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Friday, November 22nd. United States Lime & Minerals’s payout ratio is 5.80%.

Insider Activity at United States Lime & Minerals

In related news, VP Nathan O’neill sold 1,750 shares of the stock in a transaction dated 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 owns 7,880 shares in the company, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the chief executive officer now owns 125,004 shares of the company’s stock, valued at $17,716,816.92. This represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United States Lime & Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in USLM. CWM LLC lifted its stake in United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company’s stock worth $92,000 after purchasing an additional 232 shares during the period. Farther Finance Advisors LLC boosted its stake in 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 valued at $30,000 after buying an additional 279 shares in the last quarter. Quest Partners LLC bought a new stake in United States Lime & Minerals in the second quarter valued at $125,000. Amalgamated Bank raised its stake in United States Lime & Minerals by 400.0% during the third quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock worth $35,000 after acquiring an additional 288 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of United States Lime & Minerals during the third quarter valued at $49,000. 27.12% of the stock is owned by institutional investors.

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.