United States Lime & Minerals (NASDAQ:USLM) Trading Up 7.6% – Time to Buy?

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) were up 7.6% during mid-day trading on Monday . The company traded as high as $112.00 and last traded at $112.5360. Approximately 75,414 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 125,820 shares. The stock had previously closed at $104.61.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of United States Lime & Minerals in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, United States Lime & Minerals currently has a consensus rating of “Buy”.

United States Lime & Minerals Price Performance

The stock has a market capitalization of $3.06 billion, a P/E ratio of 23.52 and a beta of 0.70. The business’s 50 day simple moving average is $120.17 and its 200-day simple moving average is $120.70.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.14). The firm had revenue of $87.83 million during the quarter, compared to analyst estimates of $102.00 million. United States Lime & Minerals had a return on equity of 21.28% and a net margin of 35.40%.

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is currently 5.29%.

Hedge Funds Weigh In On United States Lime & Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in USLM. JPMorgan Chase & Co. increased its position in shares of United States Lime & Minerals by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 43,964 shares of the construction company’s stock worth $5,783,000 after acquiring an additional 16,223 shares in the last quarter. Vanguard Group Inc. increased its position in shares of United States Lime & Minerals by 4.7% during the third quarter. Vanguard Group Inc. now owns 868,196 shares of the construction company’s stock worth $114,211,000 after acquiring an additional 38,765 shares in the last quarter. TD Asset Management Inc bought a new stake in shares of United States Lime & Minerals during the third quarter worth $1,440,000. ArrowMark Colorado Holdings LLC bought a new stake in shares of United States Lime & Minerals during the third quarter worth $26,705,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of United States Lime & Minerals during the third quarter worth $2,783,000. 27.12% of the stock is owned by institutional investors.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium? and magnesium?based products.