United States Lime & Minerals (NASDAQ:USLM) Stock Price Up 5.8% – Should You Buy?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price was up 5.8% during 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 upgraded shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd.

United States Lime & Minerals Stock Performance

The company’s 50-day moving average price is $114.62 and its 200 day moving average price is $88.92. The stock has a market cap of $4.40 billion, a PE ratio of 44.58 and a beta of 0.82.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.13%. United States Lime & Minerals’s dividend payout ratio is currently 5.80%.

Insiders Place Their Bets

In other United States Lime & Minerals news, VP Nathan O’neill sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 in the company, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy W. Byrne sold 22,261 shares of the stock in a transaction on Tuesday, November 19th. The stock was 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 directly owns 125,004 shares of the company’s stock, valued at approximately $17,716,816.92. This trade represents a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Institutional Trading of United States Lime & Minerals

Several institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of United States Lime & Minerals by 202.6% in the third quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company’s stock valued at $47,845,000 after acquiring an additional 327,983 shares during the period. Royce & Associates LP lifted its stake in United States Lime & Minerals by 322.3% in the third quarter. Royce & Associates LP now owns 352,200 shares of the construction company’s stock worth $34,396,000 after purchasing an additional 268,800 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of United States Lime & Minerals by 422.7% during the third quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock valued at $30,089,000 after buying an additional 249,115 shares during the period. State Street Corp grew its stake in shares of United States Lime & Minerals by 421.7% during the third quarter. State Street Corp now owns 242,826 shares of the construction company’s stock valued at $23,714,000 after buying an additional 196,277 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of United States Lime & Minerals by 1.2% in the second quarter. Renaissance Technologies LLC now owns 158,910 shares of the construction company’s stock worth $57,872,000 after buying an additional 1,900 shares during the period. 27.12% of the stock is currently owned by institutional investors.

United States Lime & Minerals Company Profile

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.