United States Lime & Minerals (NASDAQ:USLM) Shares Gap Down to $299.93

United States Lime & Minerals, Inc. (NASDAQ:USLM) gapped down before the market opened on Tuesday . The stock had previously closed at $299.93, but opened at $293.60. United States Lime & Minerals shares last traded at $293.60, with a volume of 419 shares traded.

United States Lime & Minerals Price Performance

The company has a market cap of $1.70 billion, a price-to-earnings ratio of 22.78 and a beta of 0.79. The stock has a 50-day moving average price of $264.92 and a 200 day moving average price of $230.61.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings results on Friday, February 2nd. The construction company reported $2.98 EPS for the quarter. The company had revenue of $65.69 million for the quarter. United States Lime & Minerals had a return on equity of 20.34% and a net margin of 26.50%.

United States Lime & Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.20. United States Lime & Minerals’s dividend payout ratio (DPR) is currently 7.66%.

Insider Transactions at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 5,979 shares of the firm’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 sale, the chief executive officer now owns 31,638 shares of the company’s stock, valued at $8,202,784.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Sandra C. Duhe sold 427 shares of United States Lime & Minerals 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 sale, the director now owns 457 shares of the company’s stock, valued at approximately $132,996.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy W. Byrne sold 5,979 shares of United States Lime & Minerals stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $259.27, for a total value 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 approximately $8,202,784.26. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United States Lime & Minerals

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in United States Lime & Minerals by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 375,119 shares of the construction company’s stock valued at $78,359,000 after buying an additional 4,410 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of United States Lime & Minerals by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 111,515 shares of the construction company’s stock valued at $25,687,000 after buying an additional 10,434 shares in the last quarter. Invesco Ltd. increased its holdings in United States Lime & Minerals by 1,654.8% during the third quarter. Invesco Ltd. now owns 45,729 shares of the construction company’s stock worth $9,192,000 after buying an additional 43,123 shares during the last quarter. Geode Capital Management LLC raised its position in United States Lime & Minerals by 3.8% during the first quarter. Geode Capital Management LLC now owns 41,879 shares of the construction company’s stock worth $6,395,000 after acquiring an additional 1,533 shares in the last quarter. Finally, State Street Corp lifted its stake in United States Lime & Minerals by 4.5% in the first quarter. State Street Corp now owns 41,558 shares of the construction company’s stock valued at $4,822,000 after acquiring an additional 1,791 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.