United States Lime & Minerals (NASDAQ:USLM) Sets New 12-Month High at $88.56

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $88.56 and last traded at $88.12, with a volume of 5480 shares traded. The stock had previously closed at $87.51.

Analyst Ratings Changes

Separately, StockNews.com raised shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

United States Lime & Minerals Trading Up 6.9 %

The firm’s 50 day moving average is $79.59 and its two-hundred day moving average is $70.32. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 6.83 and a beta of 0.84.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.91 EPS for the quarter. United States Lime & Minerals had a net margin of 29.87% and a return on equity of 21.21%. The company had revenue of $76.55 million during the quarter.

United States Lime & Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Friday, August 23rd. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 1.43%.

Insider Buying and Selling

In related news, Director Richard W. Cardin sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total transaction of $934,560.00. Following the completion of the sale, the director now owns 14,300 shares of the company’s stock, valued at approximately $1,113,684. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On United States Lime & Minerals

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC boosted its holdings in United States Lime & Minerals by 31.5% in the 2nd quarter. Algert Global LLC now owns 1,090 shares of the construction company’s stock worth $397,000 after acquiring an additional 261 shares during the period. The Manufacturers Life Insurance Company boosted its holdings 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 worth $496,000 after acquiring an additional 217 shares during the period. AQR Capital Management LLC boosted its holdings in United States Lime & Minerals by 152.5% in the 2nd quarter. AQR Capital Management LLC now owns 9,960 shares of the construction company’s stock worth $3,627,000 after acquiring an additional 6,016 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in United States Lime & Minerals by 64.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,775 shares of the construction company’s stock worth $2,103,000 after acquiring an additional 2,267 shares during the period. Finally, Marshall Wace LLP purchased a new position in United States Lime & Minerals in the 2nd quarter worth approximately $725,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Company Profile

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.