United States Lime & Minerals (NASDAQ:USLM) Shares Down 3.8% – Should You Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price traded down 3.8% during mid-day trading on Tuesday . The company traded as low as $92.73 and last traded at $93.02. 15,608 shares changed hands during trading, a decline of 87% from the average session volume of 121,848 shares. The stock had previously closed at $96.64.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of United States Lime & Minerals from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

United States Lime & Minerals Price Performance

The company has a 50-day moving average of $103.38 and a 200 day moving average of $113.87. The company has a market cap of $2.65 billion, a PE ratio of 24.33 and a beta of 0.90.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were given a dividend of $0.06 per share. This is a boost from United States Lime & Minerals’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. United States Lime & Minerals’s payout ratio is 6.33%.

Insider Transactions at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $94.61, for a total transaction of $298,683.77. Following the transaction, the director now directly owns 2,128 shares in the company, valued at approximately $201,330.08. This represents a 59.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new stake in shares of United States Lime & Minerals during the fourth quarter valued at $25,000. Sound View Wealth Advisors Group LLC lifted its holdings in United States Lime & Minerals by 3.8% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,525 shares of the construction company’s stock valued at $733,000 after buying an additional 200 shares in the last quarter. State of Wyoming purchased a new stake in United States Lime & Minerals in the 4th quarter valued at about $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in United States Lime & Minerals in the 4th quarter worth about $36,000. Finally, MetLife Investment Management LLC increased its position in shares of United States Lime & Minerals by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 6,473 shares of the construction company’s stock worth $859,000 after acquiring an additional 353 shares during the period. 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 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.