United States Lime & Minerals (NASDAQ:USLM) Hits New 52-Week High – Here’s Why

United States Lime & Minerals, Inc. (NASDAQ:USLM) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $159.98 and last traded at $159.98, with a volume of 598 shares. The stock had previously closed at $157.45.

Analyst Ratings Changes

Separately, StockNews.com raised United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd.

United States Lime & Minerals Stock Performance

The company has a 50-day simple moving average of $113.33 and a two-hundred day simple moving average of $88.46. The firm has a market capitalization of $4.36 billion, a P/E ratio of 45.64 and a beta of 0.82.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.20 annualized dividend and a yield of 0.13%. United States Lime & Minerals’s payout ratio is 5.80%.

Insider Buying and Selling at United States Lime & Minerals

In other news, VP Nathan O’neill sold 1,750 shares of United States Lime & Minerals stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total transaction of $244,527.50. Following the completion of the transaction, the vice president now directly owns 7,880 shares in the company, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the transaction, the chief executive officer now owns 125,004 shares of the company’s stock, valued at $17,716,816.92. The trade was a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Hedge Funds Weigh In On United States Lime & Minerals

Several large investors have recently made changes to their positions in the business. Linden Thomas Advisory Services LLC lifted its holdings in shares of United States Lime & Minerals by 1.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company’s stock valued at $3,019,000 after purchasing an additional 84 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of United States Lime & Minerals by 19.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock valued at $496,000 after purchasing an additional 217 shares during the last quarter. CWM LLC lifted its holdings in shares of United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after purchasing an additional 232 shares during the last quarter. Algert Global LLC lifted its holdings in shares of United States Lime & Minerals by 31.5% during the second quarter. Algert Global LLC now owns 1,090 shares of the construction company’s stock valued at $397,000 after purchasing an additional 261 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of United States Lime & Minerals by 900.0% during the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock valued at $30,000 after purchasing an additional 279 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.