United States Lime & Minerals (NASDAQ:USLM) Trading Up 7.6% – Time to Buy?

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) traded up 7.6% during mid-day trading on Monday . The stock traded as high as $112.00 and last traded at $112.5360. 75,414 shares were traded during trading, a decline of 40% from the average session volume of 125,820 shares. The stock had previously closed at $104.61.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Stock Up 2.1%

The company’s fifty day moving average is $120.17 and its 200 day moving average is $120.70. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 23.52 and a beta of 0.70.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.14). United States Lime & Minerals had a return on equity of 21.28% and a net margin of 35.40%.The business had revenue of $87.83 million for the quarter, compared to analyst estimates of $102.00 million.

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. United States Lime & Minerals’s dividend payout ratio is 5.29%.

Institutional Trading of United States Lime & Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in United States Lime & Minerals by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 43,964 shares of the construction company’s stock worth $5,783,000 after acquiring an additional 16,223 shares in the last quarter. Vanguard Group Inc. raised its position in United States Lime & Minerals by 4.7% during the third quarter. Vanguard Group Inc. now owns 868,196 shares of the construction company’s stock worth $114,211,000 after acquiring an additional 38,765 shares in the last quarter. TD Asset Management Inc bought a new stake in United States Lime & Minerals during the third quarter worth $1,440,000. ArrowMark Colorado Holdings LLC bought a new stake in United States Lime & Minerals during the third quarter worth $26,705,000. Finally, Envestnet Asset Management Inc. bought a new stake in United States Lime & Minerals during the third quarter worth $2,783,000. 27.12% of the stock is owned by institutional investors.

United States Lime & Minerals Company Profile

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.