United States Lime & Minerals (NASDAQ:USLM) Shares Cross Above 200 Day Moving Average of $67.99

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $67.99 and traded as high as $77.22. United States Lime & Minerals shares last traded at $76.27, with a volume of 44,132 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd.

United States Lime & Minerals Trading Up 0.5 %

The stock has a 50 day simple moving average of $77.30 and a 200-day simple moving average of $68.22. The firm has a market cap of $2.19 billion, a PE ratio of 5.48 and a beta of 0.84.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Wednesday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter. The firm 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, August 23rd. United States Lime & Minerals’s payout ratio is currently 1.43%.

Insider Transactions at United States Lime & Minerals

In other United States Lime & Minerals news, Director Richard W. Cardin sold 12,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total transaction of $934,560.00. Following the completion of the transaction, the director now owns 14,300 shares of the company’s stock, valued at approximately $1,113,684. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.16% of the company’s stock.

Institutional Trading of United States Lime & Minerals

Large investors have recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of United States Lime & Minerals in the 4th quarter worth about $91,000. CWM LLC increased its stake in United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company’s stock worth $92,000 after acquiring an additional 232 shares during the last quarter. Boyar Asset Management Inc. purchased a new stake in United States Lime & Minerals during the fourth quarter valued at approximately $206,000. Arizona State Retirement System purchased a new stake in United States Lime & Minerals during the second quarter valued at approximately $233,000. Finally, Principal Financial Group Inc. bought a new stake in shares of United States Lime & Minerals in the 1st quarter valued at approximately $249,000. Institutional investors own 27.12% of the company’s stock.

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.