United States Lime & Minerals (NASDAQ:USLM) Shares Gap Down – Time to Sell?

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) gapped down before the market opened on Friday . The stock had previously closed at $123.14, but opened at $120.00. United States Lime & Minerals shares last traded at $121.40, with a volume of 2,362 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of United States Lime & Minerals in a research report on Monday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

United States Lime & Minerals Trading Up 2.1%

The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 26.80 and a beta of 0.97. The firm has a 50-day moving average of $122.17 and a 200-day moving average of $118.12.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. United States Lime & Minerals had a return on equity of 23.82% and a net margin of 35.83%.

United States Lime & Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 21st. United States Lime & Minerals’s dividend payout ratio is 5.27%.

Institutional Trading of United States Lime & Minerals

Hedge funds have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC purchased a new position in United States Lime & Minerals during the third quarter valued at approximately $26,705,000. Copeland Capital Management LLC acquired a new stake in shares of United States Lime & Minerals during the 3rd quarter worth approximately $19,916,000. First Trust Advisors LP grew its stake in shares of United States Lime & Minerals by 281.5% during the 2nd quarter. First Trust Advisors LP now owns 192,869 shares of the construction company’s stock worth $19,248,000 after purchasing an additional 142,308 shares during the period. Millennium Management LLC increased its holdings in shares of United States Lime & Minerals by 202.9% during the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock valued at $17,092,000 after purchasing an additional 129,534 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of United States Lime & Minerals by 126.3% in the 3rd quarter. Invesco Ltd. now owns 155,195 shares of the construction company’s stock valued at $20,416,000 after purchasing an additional 86,630 shares during the period. Hedge funds and other 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.