United States Lime & Minerals (NASDAQ:USLM) Trading Up 10.3% – What’s Next?

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

Wall Street Analyst Weigh In

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

United States Lime & Minerals Stock Performance

The company has a market cap of $3.59 billion, a PE ratio of 26.87 and a beta of 0.98. The company’s 50 day moving average price is $120.21 and its 200-day moving average price is $122.58.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Monday, February 2nd. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). The firm had revenue of $87.94 million during the quarter, compared to analysts’ expectations of $97.00 million. United States Lime & Minerals had a return on equity of 23.07% and a net margin of 36.03%.

United States Lime & Minerals Dividend Announcement

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

Institutional Trading of United States Lime & Minerals

Several hedge funds and other institutional investors have recently modified their holdings of the business. Exchange Traded Concepts LLC purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at approximately $26,000. Global Retirement Partners LLC purchased a new stake in shares of United States Lime & Minerals during the fourth quarter worth $29,000. Quarry LP bought a new position in shares of United States Lime & Minerals in the third quarter worth $33,000. Blue Trust Inc. purchased a new position in shares of United States Lime & Minerals in the third quarter valued at $35,000. Finally, Empowered Funds LLC bought a new stake in shares of United States Lime & Minerals during the 4th quarter valued at $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.