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

United States Lime & Minerals, Inc. (NASDAQ:USLM) Director Antoine Doumet sold 20,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 90,000 shares of the company’s stock, valued at approximately $9,900,000. This trade represents a 18.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

United States Lime & Minerals Trading Up 1.7%

United States Lime & Minerals stock opened at $117.82 on Friday. The firm has a 50 day simple moving average of $113.21 and a 200 day simple moving average of $115.85. United States Lime & Minerals, Inc. has a 1-year low of $96.27 and a 1-year high of $141.43. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 25.23 and a beta of 0.73.

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

United States Lime & Minerals Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, August 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is 5.14%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of United States Lime & Minerals

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of United States Lime & Minerals in the second quarter worth $174,390,000. California State Teachers Retirement System grew its position in United States Lime & Minerals by 10,185.6% during the second quarter. California State Teachers Retirement System now owns 1,258,133 shares of the construction company’s stock worth $131,689,000 after buying an additional 1,245,901 shares in the last quarter. First Trust Advisors LP grew its position in United States Lime & Minerals by 85.0% during the first quarter. First Trust Advisors LP now owns 441,951 shares of the construction company’s stock worth $57,723,000 after buying an additional 203,030 shares in the last quarter. William Blair Investment Management LLC bought a new position in United States Lime & Minerals in the 2nd quarter worth about $17,782,000. Finally, Millennium Management LLC increased its stake in United States Lime & Minerals by 202.9% in the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock worth $17,092,000 after acquiring an additional 129,534 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.