United States Lime & Minerals (NASDAQ:USLM) Stock Price Down 4.1% – Should You Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM) was down 4.1% on Friday . The company traded as low as $112.36 and last traded at $113.77. 22,738 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 109,552 shares. The stock had previously closed at $118.68.

Analysts Set New Price Targets

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

United States Lime & Minerals Stock Performance

The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 32.98 and a beta of 0.93. The business has a 50-day simple moving average of $136.93 and a two-hundred day simple moving average of $106.89.

United States Lime & Minerals (NASDAQ:USLM) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.16 earnings per share for the quarter. United States Lime & Minerals had a net margin of 32.60% and a return on equity of 22.95%. The business had revenue of $89.43 million for the quarter.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. United States Lime & Minerals’s dividend payout ratio is presently 5.80%.

Insider Buying and Selling

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 125,004 shares of the company’s stock, valued at approximately $17,716,816.92. This represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Nathan O’neill sold 1,750 shares of United States Lime & Minerals stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total value of $244,527.50. Following the completion of the transaction, the vice president now directly owns 7,880 shares of the company’s stock, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in shares of United States Lime & Minerals by 900.0% in 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 in the last quarter. Amalgamated Bank increased its holdings in shares of United States Lime & Minerals by 400.0% in the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock worth $35,000 after buying an additional 288 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of United States Lime & Minerals during the 3rd quarter worth $49,000. FMR LLC grew its position in United States Lime & Minerals by 403.0% in the third quarter. FMR LLC now owns 503 shares of the construction company’s stock worth $49,000 after acquiring an additional 403 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in United States Lime & Minerals by 3,865.7% in the third quarter. Quantbot Technologies LP now owns 1,388 shares of the construction company’s stock valued at $136,000 after acquiring an additional 1,353 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.