United States Lime & Minerals (NASDAQ:USLM) Shares Up 5.8% – Here’s Why

United States Lime & Minerals, Inc. (NASDAQ:USLM) shares rose 5.8% during mid-day trading on Tuesday . The company traded as high as $157.14 and last traded at $157.14. Approximately 99,705 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 98,701 shares. The stock had previously closed at $148.55.

Analyst Ratings Changes

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 Trading Up 7.0 %

The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 45.21 and a beta of 0.82. The stock’s fifty day moving average price is $111.93 and its 200-day moving average price is $87.87.

United States Lime & Minerals Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.80%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, VP Nathan O’neill sold 1,750 shares of the company’s 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 $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction 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 directly owns 125,004 shares of the company’s stock, valued at $17,716,816.92. The trade was a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.16% of the stock is owned by insiders.

Institutional Trading of United States Lime & Minerals

Several hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP raised its stake in shares of United States Lime & Minerals by 355.4% in the third quarter. GSA Capital Partners LLP now owns 12,683 shares of the construction company’s stock valued at $1,239,000 after acquiring an additional 9,898 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of United States Lime & Minerals by 400.0% during the third quarter. North Star Investment Management Corp. now owns 66,850 shares of the construction company’s stock worth $6,529,000 after buying an additional 53,480 shares in the last quarter. Minerva Advisors LLC increased its stake in shares of United States Lime & Minerals by 400.0% during the third quarter. Minerva Advisors LLC now owns 6,250 shares of the construction company’s stock worth $608,000 after buying an additional 5,000 shares during the period. Principal Financial Group Inc. raised its holdings in United States Lime & Minerals by 537.3% in the third quarter. Principal Financial Group Inc. now owns 5,844 shares of the construction company’s stock valued at $571,000 after acquiring an additional 4,927 shares in the last quarter. Finally, AM Investment Strategies LLC lifted its stake in United States Lime & Minerals by 400.0% in the third quarter. AM Investment Strategies LLC now owns 20,000 shares of the construction company’s stock worth $1,953,000 after acquiring an additional 16,000 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.