United States Lime & Minerals (NASDAQ:USLM) Stock Price Down 3.8% – What’s Next?

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

Wall Street Analyst Weigh In

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

United States Lime & Minerals Stock Down 4.3 %

The company has a market capitalization of $2.65 billion, a PE ratio of 24.33 and a beta of 0.90. The stock’s fifty day moving average price is $103.38 and its two-hundred day moving average price is $113.87.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 earnings per share 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a $0.06 dividend. The ex-dividend date was Friday, February 21st. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.26%. United States Lime & Minerals’s dividend payout ratio is 6.33%.

Insider Activity

In other United States Lime & Minerals news, Director Sandra C. Duhe sold 3,157 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the sale, the director now directly owns 2,128 shares in the company, valued at $201,330.08. This trade represents a 59.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in United States Lime & Minerals during the 4th quarter valued at about $25,000. State of Wyoming purchased a new stake in shares of United States Lime & Minerals during the 4th quarter valued at about $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in United States Lime & Minerals during the fourth quarter valued at approximately $36,000. FMR LLC raised its holdings in United States Lime & Minerals by 403.0% in the 3rd quarter. FMR LLC now owns 503 shares of the construction company’s stock worth $49,000 after purchasing an additional 403 shares during the period. Finally, National Bank of Canada FI bought a new position in shares of United States Lime & Minerals in the fourth quarter worth about $72,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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.