United States Lime & Minerals (NASDAQ:USLM) Shares Gap Up to $360.79

United States Lime & Minerals, Inc. (NASDAQ:USLM) shares gapped up prior to trading on Friday . The stock had previously closed at $360.79, but opened at $370.46. United States Lime & Minerals shares last traded at $364.00, with a volume of 1,227 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered United States Lime & Minerals from a “buy” rating to a “hold” rating in a research note on Thursday.

United States Lime & Minerals Trading Up 0.9 %

The firm’s 50 day moving average price is $343.72 and its 200-day moving average price is $288.24. The company has a market cap of $2.08 billion, a P/E ratio of 25.81 and a beta of 0.82.

Shares of United States Lime & Minerals are scheduled to split on Monday, July 15th. The 5-1 split was announced on Monday, July 15th. The newly created shares will be payable to shareholders after the closing bell on Monday, July 15th.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Tuesday, April 30th. The construction company reported $3.92 earnings per share for the quarter. The firm had revenue of $71.69 million during the quarter. United States Lime & Minerals had a net margin of 27.91% and a return on equity of 20.70%.

United States Lime & Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, May 23rd. United States Lime & Minerals’s payout ratio is presently 7.15%.

Insiders Place Their Bets

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 200 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $330.32, for a total transaction of $66,064.00. Following the sale, the chief executive officer now directly owns 29,543 shares of the company’s stock, valued at approximately $9,758,643.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 200 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $330.32, for a total transaction of $66,064.00. Following the sale, the chief executive officer now directly owns 29,543 shares of the company’s stock, valued at approximately $9,758,643.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy W. Byrne sold 7,389 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $336.68, for a total transaction of $2,487,728.52. Following the sale, the chief executive officer now directly owns 30,380 shares in the company, valued at $10,228,338.40. The disclosure for this sale can be found here. Insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of United States Lime & Minerals by 1.7% in the 4th quarter. BNP Paribas Financial Markets now owns 2,454 shares of the construction company’s stock valued at $565,000 after purchasing an additional 42 shares during the period. Swiss National Bank raised its holdings in shares of United States Lime & Minerals by 2.0% in the 3rd quarter. Swiss National Bank now owns 5,000 shares of the construction company’s stock valued at $1,005,000 after purchasing an additional 100 shares during the period. Quest Partners LLC bought a new stake in shares of United States Lime & Minerals in the 4th quarter valued at about $91,000. Jump Financial LLC raised its holdings in shares of United States Lime & Minerals by 23.2% in the 4th quarter. Jump Financial LLC now owns 2,300 shares of the construction company’s stock valued at $530,000 after purchasing an additional 433 shares during the period. Finally, Navellier & Associates Inc. raised its holdings in shares of United States Lime & Minerals by 38.0% in the 4th quarter. Navellier & Associates Inc. now owns 1,698 shares of the construction company’s stock valued at $391,000 after purchasing an additional 468 shares during the period. 27.12% of the stock is owned by institutional investors.

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.