United States Lime & Minerals (NASDAQ:USLM) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $120.87 and traded as low as $105.77. United States Lime & Minerals shares last traded at $106.36, with a volume of 198,665 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

United States Lime & Minerals Stock Down 2.4%

The company has a 50 day moving average of $120.17 and a two-hundred day moving average of $120.67. The firm has a market cap of $3.00 billion, a P/E ratio of 23.04 and a beta of 0.70.

United States Lime & Minerals (NASDAQ:USLM) last announced 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 for the quarter, compared to the consensus estimate of $102.00 million. United States Lime & Minerals had a net margin of 35.40% and a return on equity of 21.28%.

United States Lime & Minerals Announces Dividend

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

Institutional Investors Weigh In On United States Lime & Minerals

Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in shares of United States Lime & Minerals during the 4th quarter worth $29,000. Quarry LP bought a new stake in shares of United States Lime & Minerals during the 3rd quarter worth $33,000. Amica Retiree Medical Trust boosted its stake in shares of United States Lime & Minerals by 413.8% during the 3rd quarter. Amica Retiree Medical Trust now owns 334 shares of the construction company’s stock worth $44,000 after acquiring an additional 269 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of United States Lime & Minerals during the 4th quarter worth $42,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of United States Lime & Minerals by 54,900.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 550 shares of the construction company’s stock worth $72,000 after acquiring an additional 549 shares in the last quarter. 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.