United States Lime & Minerals (NASDAQ:USLM) Shares Gap Down – What’s Next?

United States Lime & Minerals, Inc. (NASDAQ:USLM – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $113.78, but opened at $108.48. United States Lime & Minerals shares last traded at $108.8650, with a volume of 5,681 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Report on United States Lime & Minerals

United States Lime & Minerals Trading Down 1.4%

The stock has a market capitalization of $3.09 billion, a PE ratio of 23.10 and a beta of 0.73. The firm’s 50-day simple moving average is $115.24 and its two-hundred day simple moving average is $115.64.

United States Lime & Minerals (NASDAQ:USLM – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10). United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%. The company had revenue of $99.13 million during the quarter, compared to analyst estimates of $108.00 million.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were paid a $0.06 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.14%.

Insider Transactions at United States Lime & Minerals

In related news, Director Antoine M. Doumet sold 20,000 shares of United States Lime & Minerals stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the director directly owned 90,000 shares of the company’s stock, valued at $9,900,000. This trade represents a 18.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings Ltd. Candou purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of $110.00 per share, for a total transaction of $2,200,000.00. Following the purchase, the insider directly owned 17,673,780 shares of the company’s stock, valued at approximately $1,944,115,800. This represents a 0.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

Large investors have recently bought and sold shares of the business. State Street Corp boosted its position in United States Lime & Minerals by 78.1% in the 2nd quarter. State Street Corp now owns 419,491 shares of the construction company’s stock valued at $43,908,000 after buying an additional 183,902 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of United States Lime & Minerals by 186.9% during the second quarter. Squarepoint Ops LLC now owns 11,038 shares of the construction company’s stock worth $1,155,000 after purchasing an additional 7,190 shares during the period. Corient Private Wealth LP increased its position in shares of United States Lime & Minerals by 289.4% during the second quarter. Corient Private Wealth LP now owns 19,599 shares of the construction company’s stock worth $2,051,000 after acquiring an additional 14,566 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of United States Lime & Minerals in the second quarter valued at about $1,047,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of United States Lime & Minerals by 116.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,608 shares of the construction company’s stock worth $2,680,000 after acquiring an additional 13,757 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

United States Lime & Minerals Company Profile

(Get Free Report)

United States Lime & Minerals, Inc is a producer of lime and limestone products in the United States. Through its operating subsidiaries, the company mines, processes and distributes limestone and manufactures lime products for industrial, construction, environmental and other commercial applications.

Its product portfolio includes crushed limestone, pulverized and sized limestone, quicklime, hydrated lime and related lime products. These materials are used in construction and road building, water and wastewater treatment, flue-gas and other environmental applications, steel and metals processing, oil and gas services, agriculture and other industrial markets.

United States Lime & Minerals operates limestone quarries and processing facilities primarily in Texas and Oklahoma and serves customers in those states and surrounding regions.

Further Reading

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