United States Lime & Minerals (NASDAQ:USLM) Hits New 1-Year High – Should You Buy?

United States Lime & Minerals, Inc. (NASDAQ:USLM) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $97.89 and last traded at $97.47, with a volume of 3480 shares traded. The stock had previously closed at $95.97.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised United States Lime & Minerals from a “hold” rating to a “buy” rating in a report on Wednesday.

United States Lime & Minerals Trading Down 0.1 %

The firm has a market capitalization of $2.79 billion, a P/E ratio of 32.36 and a beta of 0.85. The firm has a 50-day moving average of $83.24 and a two-hundred day moving average of $74.01.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Wednesday, July 31st. The construction company reported $0.91 EPS for the quarter. The firm had revenue of $76.55 million during the quarter. United States Lime & Minerals had a return on equity of 21.21% and a net margin of 29.87%.

United States Lime & Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a $0.05 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.20%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 6.63%.

Insider Buying and Selling at United States Lime & Minerals

In other news, Director Richard W. Cardin sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total value of $934,560.00. Following the transaction, the director now owns 14,300 shares in the company, valued at $1,113,684. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.16% of the company’s stock.

Institutional Trading of United States Lime & Minerals

Several hedge funds have recently made changes to their positions in the company. Linden Thomas Advisory Services LLC grew its position in United States Lime & Minerals by 1.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company’s stock worth $3,019,000 after buying an additional 84 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of United States Lime & Minerals by 19.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock valued at $496,000 after acquiring an additional 217 shares during the last quarter. CWM LLC raised 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 valued at $92,000 after purchasing an additional 232 shares during the last quarter. Algert Global LLC raised its position in United States Lime & Minerals by 31.5% during the 2nd quarter. Algert Global LLC now owns 1,090 shares of the construction company’s stock valued at $397,000 after purchasing an additional 261 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in United States Lime & Minerals by 5.3% during the 3rd quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company’s stock valued at $575,000 after purchasing an additional 298 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

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.