United States Lime & Minerals (NASDAQ:USLM) Shares Up 7.6% – Here’s What Happened

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) rose 7.6% during trading on Monday . The stock traded as high as $112.00 and last traded at $112.5360. Approximately 75,414 shares changed hands during 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, June 4th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, United States Lime & Minerals currently has a consensus rating of “Buy”.

United States Lime & Minerals Price Performance

The firm has a 50 day simple moving average of $119.46 and a two-hundred day simple moving average of $120.55. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 23.67 and a beta of 0.70.

United States Lime & Minerals (NASDAQ:USLM) last released 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). United States Lime & Minerals had a net margin of 35.40% and a return on equity of 21.28%. The company had revenue of $87.83 million during the quarter, compared to analyst estimates of $102.00 million.

United States Lime & Minerals Dividend Announcement

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

Hedge Funds Weigh In On United States Lime & Minerals

Hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in United States Lime & Minerals in the fourth quarter valued at about $29,000. Quarry LP acquired a new stake in shares of United States Lime & Minerals during the third quarter worth about $33,000. Empowered Funds LLC acquired a new stake in shares of United States Lime & Minerals during the fourth quarter worth about $42,000. Amica Retiree Medical Trust raised its position in shares of United States Lime & Minerals by 413.8% during the third quarter. Amica Retiree Medical Trust now owns 334 shares of the construction company’s stock worth $44,000 after purchasing an additional 269 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of United States Lime & Minerals by 54,900.0% during the third quarter. PNC Financial Services Group Inc. now owns 550 shares of the construction company’s stock worth $72,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.