United States Lime & Minerals (NASDAQ:USLM) Sets New 52-Week High at $346.90

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $346.90 and last traded at $344.20, with a volume of 3441 shares changing hands. The stock had previously closed at $340.19.

United States Lime & Minerals Stock Performance

The business has a 50-day simple moving average of $293.26 and a 200 day simple moving average of $249.17. The firm has a market cap of $2.09 billion, a P/E ratio of 25.75 and a beta of 0.79.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Friday, February 2nd. The construction company reported $2.98 EPS for the quarter. The company had revenue of $65.69 million during the quarter. United States Lime & Minerals had a return on equity of 20.70% and a net margin of 27.91%.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.00 annualized dividend and a yield of 0.27%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 7.15%.

Insider Transactions at United States Lime & Minerals

In other news, Director Sandra C. Duhe sold 427 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $291.02, for a total value of $124,265.54. Following the completion of the transaction, the director now owns 457 shares of the company’s stock, valued at approximately $132,996.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Sandra C. Duhe sold 427 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $291.02, for a total transaction of $124,265.54. Following the sale, the director now owns 457 shares in the company, valued at approximately $132,996.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy W. Byrne sold 5,979 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $259.27, for a total transaction of $1,550,175.33. Following the completion of the sale, the chief executive officer now directly owns 31,638 shares in the company, valued at $8,202,784.26. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company’s stock.

Hedge Funds Weigh In On United States Lime & Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in USLM. Vanguard Group Inc. grew its stake in shares of United States Lime & Minerals by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 101,081 shares of the construction company’s stock worth $20,317,000 after buying an additional 5,907 shares during the last quarter. Invesco Ltd. raised its position in shares of United States Lime & Minerals by 1,654.8% in the 3rd quarter. Invesco Ltd. now owns 45,729 shares of the construction company’s stock worth $9,192,000 after purchasing an additional 43,123 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in United States Lime & Minerals by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 21,669 shares of the construction company’s stock worth $4,355,000 after purchasing an additional 149 shares in the last quarter. Swiss National Bank boosted its stake in United States Lime & Minerals by 2.0% in the 3rd quarter. Swiss National Bank now owns 5,000 shares of the construction company’s stock worth $1,005,000 after purchasing an additional 100 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in United States Lime & Minerals during the 3rd quarter valued at about $313,000. Institutional investors own 27.12% of the company’s stock.

About United States Lime & Minerals

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.