United States Lime & Minerals (NASDAQ:USLM) Hits New 1-Year High at $346.90

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $346.90 and last traded at $344.20, with a volume of 3441 shares traded. The stock had previously closed at $340.19.

United States Lime & Minerals Trading Up 7.6 %

The stock has a 50-day simple moving average of $293.26 and a 200 day simple moving average of $249.17. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 25.75 and a beta of 0.79.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Friday, February 2nd. The construction company reported $2.98 earnings per share (EPS) for the quarter. The firm had revenue of $65.69 million during the quarter. United States Lime & Minerals had a return on equity of 20.70% and a net margin of 27.91%.

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, May 23rd. United States Lime & Minerals’s dividend payout ratio is presently 7.15%.

Insider Buying and Selling at United States Lime & Minerals

In other news, Director Sandra C. Duhe sold 427 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $291.02, for a total value of $124,265.54. Following the sale, the director now owns 457 shares in the company, valued at $132,996.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Timothy W. Byrne sold 5,979 shares of United States Lime & Minerals stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $259.27, for a total transaction of $1,550,175.33. Following the completion of the transaction, the chief executive officer now directly owns 31,638 shares in the company, valued at $8,202,784.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sandra C. Duhe sold 427 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $291.02, for a total value of $124,265.54. Following the completion of the transaction, the director now directly owns 457 shares of the company’s stock, valued at $132,996.14. The disclosure for this sale can be found here. Company insiders own 1.62% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in United States Lime & Minerals by 6.2% during the third quarter. Vanguard Group Inc. now owns 101,081 shares of the construction company’s stock worth $20,317,000 after buying an additional 5,907 shares in the last quarter. Invesco Ltd. raised its position in shares of United States Lime & Minerals by 1,654.8% in the third quarter. Invesco Ltd. now owns 45,729 shares of the construction company’s stock worth $9,192,000 after acquiring an additional 43,123 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of United States Lime & Minerals by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 21,669 shares of the construction company’s stock worth $4,355,000 after acquiring an additional 149 shares in the last quarter. Cardinal Capital Management grew its position in shares of United States Lime & Minerals by 8.2% during the 1st quarter. Cardinal Capital Management now owns 14,216 shares of the construction company’s stock valued at $4,238,000 after acquiring an additional 1,072 shares during the period. Finally, Swiss National Bank grew its position in shares of United States Lime & Minerals by 2.0% during the 3rd quarter. Swiss National Bank now owns 5,000 shares of the construction company’s stock valued at $1,005,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.