United States Lime & Minerals (NASDAQ:USLM) Shares Down 7.4% – Time to Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s stock price traded down 7.4% during trading on Tuesday . The stock traded as low as $128.08 and last traded at $127.3210. 74,559 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 115,942 shares. The stock had previously closed at $137.49.

Analysts Set New Price Targets

Separately, Weiss Ratings raised United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, United States Lime & Minerals currently has an average rating of “Buy”.

United States Lime & Minerals Price Performance

The company has a market capitalization of $3.80 billion, a P/E ratio of 28.34 and a beta of 0.92. The firm has a fifty day moving average price of $123.19 and a 200-day moving average price of $123.39.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Monday, February 2nd. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.07). The business had revenue of $87.94 million during the quarter, compared to the consensus estimate of $97.00 million. United States Lime & Minerals had a net margin of 36.03% and a return on equity of 23.07%.

United States Lime & Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 20th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is currently 5.14%.

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in United States Lime & Minerals by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 43,964 shares of the construction company’s stock valued at $5,783,000 after purchasing an additional 16,223 shares during the last quarter. Vanguard Group Inc. lifted its stake in United States Lime & Minerals by 4.7% in the third quarter. Vanguard Group Inc. now owns 868,196 shares of the construction company’s stock valued at $114,211,000 after purchasing an additional 38,765 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in United States Lime & Minerals in the third quarter valued at approximately $26,705,000. SG Americas Securities LLC purchased a new position in United States Lime & Minerals in the third quarter valued at approximately $1,093,000. Finally, TD Asset Management Inc purchased a new position in United States Lime & Minerals in the third quarter valued at approximately $1,440,000. 27.12% of the stock is owned by institutional investors.

About United States Lime & Minerals

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.