United States Lime & Minerals (NASDAQ:USLM) Shares Down 3.4% – Here’s What Happened

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) fell 3.4% during trading on Thursday . The company traded as low as $127.85 and last traded at $128.28. 29,919 shares traded hands during trading, a decline of 70% from the average session volume of 100,901 shares. The stock had previously closed at $132.74.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 company has a market capitalization of $3.55 billion, a P/E ratio of 35.97 and a beta of 0.88. The firm has a 50 day moving average price of $137.13 and a two-hundred day moving average price of $101.71.

United States Lime & Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.16%. United States Lime & Minerals’s payout ratio is 5.80%.

Insider Activity

In other news, VP Nathan O’neill sold 1,750 shares of the firm’s 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 transaction, the vice president now owns 7,880 shares of the company’s stock, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following 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 position. The disclosure for this sale can be found here. 2.16% of the stock is owned by insiders.

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its holdings in shares of United States Lime & Minerals by 202.6% during 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 period. Royce & Associates LP lifted its stake in 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 acquiring an additional 268,800 shares in the last quarter. Geode Capital Management LLC boosted its position in United States Lime & Minerals by 422.7% during the 3rd quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock worth $30,089,000 after acquiring 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 worth $23,714,000 after acquiring an additional 196,277 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of United States Lime & Minerals by 1.2% in the second quarter. Renaissance Technologies LLC now owns 158,910 shares of the construction company’s stock valued at $57,872,000 after purchasing an additional 1,900 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.