United States Lime & Minerals (NASDAQ:USLM) Hits New 12-Month High – What’s Next?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price reached a new 52-week high during mid-day trading on Thursday . The company 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 research report on Tuesday, October 22nd.

United States Lime & Minerals Stock Down 0.4 %

The firm has a fifty day moving average of $109.36 and a 200-day moving average of $86.63. The firm has a market cap of $4.28 billion, a P/E ratio of 43.40 and a beta of 0.82.

United States Lime & Minerals Announces Dividend

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

Insider Activity

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 125,004 shares of the company’s stock, valued at approximately $17,716,816.92. This represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan O’neill sold 1,750 shares of United States Lime & Minerals stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total transaction of $244,527.50. Following the transaction, the vice president now directly 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. 2.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United States Lime & Minerals

Large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans grew its position in shares of United States Lime & Minerals by 202.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company’s stock valued at $47,845,000 after purchasing an additional 327,983 shares during the period. Royce & Associates LP lifted its stake in United States Lime & Minerals by 322.3% in the third quarter. Royce & Associates LP now owns 352,200 shares of the construction company’s stock valued at $34,396,000 after buying an additional 268,800 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of United States Lime & Minerals by 422.7% in the third quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock valued at $30,089,000 after buying an additional 249,115 shares during the period. State Street Corp increased its position in shares of United States Lime & Minerals by 421.7% during the third quarter. State Street Corp now owns 242,826 shares of the construction company’s stock worth $23,714,000 after acquiring an additional 196,277 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of United States Lime & Minerals by 352.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 103,033 shares of the construction company’s stock worth $10,062,000 after acquiring an additional 80,237 shares during the period. 27.12% of the stock is currently 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.