United States Lime & Minerals (NASDAQ:USLM) Shares Gap Down – Time to Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM) gapped down prior to trading on Tuesday . The stock had previously closed at $110.47, but opened at $107.09. United States Lime & Minerals shares last traded at $109.28, with a volume of 16,275 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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 Down 0.9 %

The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 31.69 and a beta of 0.91. The company’s 50-day moving average is $132.80 and its 200-day moving average is $108.98.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a net margin of 32.60% and a return on equity of 22.95%.

United States Lime & Minerals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 21st will be given a dividend of $0.06 per share. This is a boost from United States Lime & Minerals’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.22%. United States Lime & Minerals’s dividend payout ratio (DPR) is currently 5.80%.

Insider Buying and Selling at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 22,261 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the completion of the sale, the chief executive officer now owns 125,004 shares in the company, valued at approximately $17,716,816.92. The trade was a 15.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan O’neill sold 1,750 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 7,880 shares of the company’s stock, valued at $1,101,072.40. This represents a 18.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.62% of the company’s stock.

Institutional Trading of United States Lime & Minerals

Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of United States Lime & Minerals in the 2nd quarter valued at $725,000. AQR Capital Management LLC boosted its position in shares of United States Lime & Minerals by 152.5% during the 2nd quarter. AQR Capital Management LLC now owns 9,960 shares of the construction company’s stock worth $3,627,000 after purchasing an additional 6,016 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of United States Lime & Minerals by 19.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock worth $496,000 after purchasing an additional 217 shares in the last quarter. Algert Global LLC boosted its position in shares of 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 worth $397,000 after purchasing an additional 261 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of United States Lime & Minerals by 5.3% in the 3rd quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company’s stock worth $575,000 after buying an additional 298 shares in 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 engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.