United States Lime & Minerals (NASDAQ:USLM) Director Antoine Doumet Sells 20,000 Shares

United States Lime & Minerals, Inc. (NASDAQ:USLM) Director Antoine Doumet sold 20,000 shares of United States Lime & Minerals stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the director owned 90,000 shares in the company, valued at approximately $9,900,000. The trade was a 18.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

United States Lime & Minerals Stock Up 1.7%

United States Lime & Minerals stock opened at $117.82 on Friday. The company has a market capitalization of $3.38 billion, a PE ratio of 25.23 and a beta of 0.73. The firm has a fifty day simple moving average of $113.21 and a two-hundred day simple moving average of $115.85. United States Lime & Minerals, Inc. has a twelve month low of $96.27 and a twelve month high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). The company had revenue of $99.13 million for the quarter, compared to the consensus estimate of $108.00 million. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%.

United States Lime & Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were issued a dividend of $0.06 per share. The ex-dividend date was Friday, August 21st. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is currently 5.14%.

Institutional Investors Weigh In On United States Lime & Minerals

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of United States Lime & Minerals during the fourth quarter valued at about $29,000. Quarry LP purchased a new stake in shares of United States Lime & Minerals during the third quarter worth about $33,000. Empowered Funds LLC bought a new stake in shares of United States Lime & Minerals in the fourth quarter worth about $42,000. Comerica Bank bought a new stake in shares of United States Lime & Minerals in the third quarter worth about $85,000. Finally, Fifth Third Bancorp purchased a new position in United States Lime & Minerals during the 1st quarter valued at about $90,000. Institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings cut United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

About United States Lime & Minerals

United States Lime & Minerals, Inc is a producer of lime and limestone products in the United States. Through its operating subsidiaries, the company mines, processes and distributes limestone and manufactures lime products for industrial, construction, environmental and other commercial applications.

Its product portfolio includes crushed limestone, pulverized and sized limestone, quicklime, hydrated lime and related lime products. These materials are used in construction and road building, water and wastewater treatment, flue-gas and other environmental applications, steel and metals processing, oil and gas services, agriculture and other industrial markets.

United States Lime & Minerals operates limestone quarries and processing facilities primarily in Texas and Oklahoma and serves customers in those states and surrounding regions.