United States Lime & Minerals, Inc. (NASDAQ:USLM) Plans Quarterly Dividend of $0.06

United States Lime & Minerals, Inc. (NASDAQ:USLM) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 20th will be paid a dividend of $0.06 per share by the construction company on Friday, December 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 20th.

United States Lime & Minerals has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. United States Lime & Minerals has a dividend payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings.

United States Lime & Minerals Stock Up 1.7%

Shares of USLM traded up $2.05 during mid-day trading on Tuesday, reaching $121.04. The company had a trading volume of 179,120 shares, compared to its average volume of 155,401. United States Lime & Minerals has a 52-week low of $96.27 and a 52-week high of $141.43. The stock has a market capitalization of $3.47 billion, a P/E ratio of 26.09 and a beta of 0.66. The stock has a 50 day moving average of $112.73 and a two-hundred day moving average of $115.20.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings results on Friday, October 30th. The construction company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.16). The company had revenue of $106.19 million for the quarter, compared to analysts’ expectations of $122.00 million. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%.

Insider Activity at United States Lime & Minerals

In related news, major shareholder Holdings Ltd. Candou acquired 20,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were bought at an average price of $110.00 per share, with a total value of $2,200,000.00. Following the completion of the purchase, the insider owned 17,673,780 shares of the company’s stock, valued at approximately $1,944,115,800. This represents a 0.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Antoine M. Doumet sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the director directly owned 90,000 shares of the company’s stock, valued at $9,900,000. This trade represents a 18.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by insiders.

Institutional Trading of United States Lime & Minerals

Several hedge funds have recently made changes to their positions in the company. Pictet Asset Management Holding SA purchased a new stake in United States Lime & Minerals in the third quarter valued at $213,000. Kestra Advisory Services LLC boosted its stake in shares of United States Lime & Minerals by 36.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,454 shares of the construction company’s stock valued at $391,000 after buying an additional 915 shares during the period. Summit Wealth Group LLC Co. acquired a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at $818,000. Schwartz Investment Counsel Inc. lifted its stake in United States Lime & Minerals by 6.8% during the third quarter. Schwartz Investment Counsel Inc. now owns 21,493 shares of the construction company’s stock worth $2,431,000 after purchasing an additional 1,370 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in United States Lime & Minerals by 833.3% in the third quarter. Sterling Capital Management LLC now owns 364 shares of the construction company’s stock valued at $41,000 after acquiring an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.