United States Lime & Minerals (NASDAQ:USLM) Shares Down 3.4% – Time to Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price fell 3.4% during mid-day trading on Thursday . The company traded as low as $127.85 and last traded at $128.28. 29,919 shares were traded during trading, a decline of 70% from the average session volume of 100,901 shares. The stock had previously closed at $132.74.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd.

United States Lime & Minerals Stock Performance

The company has a fifty day moving average of $137.13 and a two-hundred day moving average of $101.71. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 35.97 and a beta of 0.88.

United States Lime & Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.20 annualized dividend and a dividend yield of 0.16%. United States Lime & Minerals’s dividend payout ratio is 5.80%.

Insider Activity

In related news, CEO Timothy W. Byrne sold 22,261 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the sale, the chief executive officer now directly owns 125,004 shares in the company, valued at $17,716,816.92. This represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Nathan O’neill sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total value of $244,527.50. Following the sale, the vice president now directly owns 7,880 shares of the company’s stock, valued at $1,101,072.40. This represents a 18.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in United States Lime & Minerals by 19.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock valued at $496,000 after acquiring an additional 217 shares in the last quarter. Algert Global LLC lifted its position in shares of United States Lime & Minerals by 31.5% during the 2nd quarter. Algert Global LLC now owns 1,090 shares of the construction company’s stock worth $397,000 after buying an additional 261 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of United States Lime & Minerals by 900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock worth $30,000 after buying an additional 279 shares during the last quarter. Amalgamated Bank grew its holdings in shares of United States Lime & Minerals by 400.0% in the third quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock valued at $35,000 after acquiring an additional 288 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of United States Lime & Minerals by 5.3% during the third quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company’s stock valued at $575,000 after acquiring an additional 298 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

About United States Lime & Minerals

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.