United States Lime & Minerals (NASDAQ:USLM) Shares Set to Split on Monday, July 15th

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) are going to split before the market opens on Monday, July 15th. The 5-1 split was announced on Monday, July 15th. The newly minted shares will be payable to shareholders after the closing bell on Monday, July 15th.

United States Lime & Minerals Trading Up 2.1 %

Shares of USLM stock opened at $363.79 on Thursday. United States Lime & Minerals has a 12-month low of $185.57 and a 12-month high of $378.78. The firm’s 50 day moving average is $351.93 and its 200 day moving average is $296.42. The stock has a market capitalization of $2.08 billion, a P/E ratio of 25.61 and a beta of 0.85.

United States Lime & Minerals (NASDAQ:USLM) last issued its earnings results on Tuesday, April 30th. The construction company reported $3.92 earnings per share (EPS) for the quarter. The company had revenue of $71.69 million for 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 Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of United States Lime & Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th.

Insider Activity

In other news, CEO Timothy W. Byrne sold 200 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $9,758,643.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 7,389 shares of United States Lime & Minerals stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $336.68, for a total value of $2,487,728.52. Following the sale, the chief executive officer now directly owns 30,380 shares in the company, valued at approximately $10,228,338.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy W. Byrne sold 200 shares of United States Lime & Minerals stock in a transaction on Friday, June 7th. The shares were sold at an average price of $330.32, for a total transaction of $66,064.00. Following the completion of the sale, the chief executive officer now owns 29,543 shares in the company, valued at $9,758,643.76. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Institutional Trading of United States Lime & Minerals

A number of institutional investors and hedge funds have recently bought and sold shares of USLM. Janus Henderson Group PLC increased its holdings in United States Lime & Minerals by 958.4% in the 1st quarter. Janus Henderson Group PLC now owns 10,489 shares of the construction company’s stock valued at $3,127,000 after acquiring an additional 9,498 shares during the last quarter. Vanguard Group Inc. increased its holdings in United States Lime & Minerals by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 101,081 shares of the construction company’s stock valued at $20,317,000 after acquiring an additional 5,907 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of United States Lime & Minerals in the 1st quarter worth $607,000. Quadrature Capital Ltd grew its stake in shares of United States Lime & Minerals by 99.0% in the 4th quarter. Quadrature Capital Ltd now owns 3,544 shares of the construction company’s stock worth $817,000 after buying an additional 1,763 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of United States Lime & Minerals in the 4th quarter worth $396,000. 27.12% of the stock is currently owned by 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.