United States Lime & Minerals (NASDAQ:USLM) Shares Up 10.3% – Here’s What Happened

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price shot up 10.3% during mid-day trading on Monday . The company traded as high as $124.16 and last traded at $125.9410. 44,599 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 88,872 shares. The stock had previously closed at $114.16.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

United States Lime & Minerals Stock Up 2.6%

The company has a market cap of $3.67 billion, a P/E ratio of 27.38 and a beta of 0.98. The business has a 50-day moving average price of $120.04 and a two-hundred day moving average price of $122.66.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly 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 firm 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 Dividend Announcement

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

Institutional Trading of United States Lime & Minerals

Several institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC bought a new position in shares of United States Lime & Minerals in the 3rd quarter worth $26,000. Global Retirement Partners LLC acquired a new position in United States Lime & Minerals in the fourth quarter valued at about $29,000. Quarry LP bought a new position in United States Lime & Minerals during the third quarter worth about $33,000. Blue Trust Inc. acquired a new position in shares of United States Lime & Minerals during the 3rd quarter worth about $35,000. Finally, Empowered Funds LLC acquired a new position in shares of United States Lime & Minerals during the 4th quarter worth about $42,000. Institutional investors own 27.12% of the company’s stock.

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.