United States Lime & Minerals (NASDAQ:USLM) Shares Down 4.1% – Here’s Why

United States Lime & Minerals, Inc. (NASDAQ:USLM) traded down 4.1% on Friday . The company traded as low as $112.36 and last traded at $113.77. 22,738 shares were traded during trading, a decline of 79% from the average session volume of 109,552 shares. The stock had previously closed at $118.68.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Stock Down 4.1 %

The stock’s 50 day moving average price is $136.93 and its two-hundred day moving average price is $106.89. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 32.98 and a beta of 0.93.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Wednesday, October 30th. The construction company reported $1.16 earnings per share (EPS) for the quarter. United States Lime & Minerals had a net margin of 32.60% and a return on equity of 22.95%. The firm had revenue of $89.43 million during the quarter.

United States Lime & Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.18%. The ex-dividend date was Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio is currently 5.80%.

Insider Activity

In related news, CEO Timothy W. Byrne sold 22,261 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 125,004 shares of the company’s stock, valued at $17,716,816.92. The trade was a 15.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Nathan O’neill sold 1,750 shares of United States Lime & Minerals stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 in the company, valued at $1,101,072.40. The trade was a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.16% of the stock is owned by company insiders.

Institutional Trading of United States Lime & Minerals

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in United States Lime & Minerals by 900.0% in the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock worth $30,000 after purchasing an additional 279 shares in the last quarter. Amalgamated Bank lifted its holdings in 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 buying an additional 288 shares during the period. nVerses Capital LLC bought a new position in United States Lime & Minerals in the third quarter valued at approximately $49,000. FMR LLC raised its position in shares of United States Lime & Minerals by 403.0% during the 3rd quarter. FMR LLC now owns 503 shares of the construction company’s stock valued at $49,000 after acquiring an additional 403 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of United States Lime & Minerals by 3,865.7% in the 3rd quarter. Quantbot Technologies LP now owns 1,388 shares of the construction company’s stock valued at $136,000 after purchasing an additional 1,353 shares during the period. 27.12% of the stock is owned by institutional investors.

About United States Lime & Minerals

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.