United States Lime & Minerals (NASDAQ:USLM) Hits New 12-Month High – Should You Buy?

United States Lime & Minerals, Inc. (NASDAQ:USLM) shares hit a new 52-week high on Tuesday . The company traded as high as $102.81 and last traded at $102.81, with a volume of 109 shares. The stock had previously closed at $101.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th.

United States Lime & Minerals Trading Up 2.3 %

The firm has a market cap of $591.45 million, a PE ratio of 7.41 and a beta of 0.85. The company’s 50-day moving average is $85.77 and its 200 day moving average is $75.48.

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

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.05 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.20 annualized dividend and a yield of 0.19%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 1.43%.

Insider Transactions at United States Lime & Minerals

In related news, Director Richard W. Cardin sold 12,000 shares of the business’s 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 transaction, the director now directly owns 14,300 shares of the company’s stock, valued at approximately $1,113,684. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.16% of the stock is owned by insiders.

Institutional Trading of United States Lime & Minerals

A number of institutional investors have recently bought and sold shares of the company. CWM LLC raised its stake in shares of United States Lime & Minerals by 1,104.8% during the 2nd quarter. CWM LLC now owns 253 shares of the construction company’s stock worth $92,000 after purchasing an additional 232 shares in the last quarter. Quest Partners LLC bought a new position in United States Lime & Minerals during the second quarter valued at approximately $125,000. nVerses Capital LLC acquired a new stake in United States Lime & Minerals in the third quarter valued at approximately $49,000. Arizona State Retirement System bought a new stake in United States Lime & Minerals in the second quarter worth approximately $233,000. Finally, Principal Financial Group Inc. bought a new stake in United States Lime & Minerals in the first quarter worth approximately $249,000. Institutional investors and hedge funds 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.