Antoine Doumet Sells 20,000 Shares of United States Lime & Minerals (NASDAQ:USLM) Stock

United States Lime & Minerals, Inc. (NASDAQ:USLM) Director Antoine Doumet sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the director directly owned 90,000 shares in the company, valued at $9,900,000. This represents a 18.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

United States Lime & Minerals Stock Performance

NASDAQ:USLM traded up $1.78 during trading hours on Friday, hitting $117.67. The company’s stock had a trading volume of 83,351 shares, compared to its average volume of 157,302. United States Lime & Minerals, Inc. has a 52-week low of $96.27 and a 52-week high of $141.43. The business’s 50-day moving average is $113.00 and its two-hundred day moving average is $115.84. The company has a market capitalization of $3.38 billion, a PE ratio of 25.20 and a beta of 0.73.

United States Lime & Minerals (NASDAQ:USLM) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.The company had revenue of $99.13 million for the quarter, compared to analysts’ expectations of $108.00 million.

United States Lime & Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals’s payout ratio is currently 5.14%.

Hedge Funds Weigh In On United States Lime & Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in United States Lime & Minerals during the second quarter worth $174,390,000. California State Teachers Retirement System increased its position in shares of United States Lime & Minerals by 10,185.6% in the second quarter. California State Teachers Retirement System now owns 1,258,133 shares of the construction company’s stock valued at $131,689,000 after buying an additional 1,245,901 shares in the last quarter. First Trust Advisors LP raised its stake in shares of United States Lime & Minerals by 85.0% during the 1st quarter. First Trust Advisors LP now owns 441,951 shares of the construction company’s stock worth $57,723,000 after buying an additional 203,030 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of United States Lime & Minerals by 4.8% during the 2nd quarter. Select Equity Group L.P. now owns 356,190 shares of the construction company’s stock worth $35,548,000 after buying an additional 16,404 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of United States Lime & Minerals by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 326,142 shares of the construction company’s stock worth $39,053,000 after buying an additional 10,828 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.