United States Lime & Minerals (NASDAQ:USLM) Shares Gap Down – Time to Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM) shares gapped down before the market opened on Thursday. The stock had previously closed at $113.78, but opened at $108.48. United States Lime & Minerals shares last traded at $108.8650, with a volume of 5,681 shares traded.

Wall Street Analyst Weigh In

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

United States Lime & Minerals Stock Up 1.8%

The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 23.85 and a beta of 0.73. The business has a 50 day moving average price of $115.37 and a 200-day moving average price of $115.56.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly 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 analyst estimates of $108.00 million.

United States Lime & Minerals Announces Dividend

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

Insiders Place Their Bets

In other United States Lime & Minerals news, major shareholder Holdings Ltd. Candou bought 20,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was bought at an average cost of $110.00 per share, for a total transaction of $2,200,000.00. Following the completion of the purchase, the insider directly owned 17,673,780 shares of the company’s stock, valued at approximately $1,944,115,800. The trade was a 0.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Antoine M. Doumet sold 20,000 shares of United States Lime & Minerals stock in a transaction dated 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 sale, the director directly owned 90,000 shares in the company, valued at approximately $9,900,000. The trade was a 18.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

Hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB increased its holdings in United States Lime & Minerals by 3.3% during the 4th quarter. Handelsbanken Fonder AB now owns 3,100 shares of the construction company’s stock worth $371,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of United States Lime & Minerals by 18.5% during the first quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company’s stock worth $97,000 after buying an additional 116 shares in the last quarter. ProShare Advisors LLC grew its position in shares of United States Lime & Minerals by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 1,979 shares of the construction company’s stock worth $237,000 after buying an additional 126 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of United States Lime & Minerals by 2.4% in the first quarter. SG Americas Securities LLC now owns 7,438 shares of the construction company’s stock worth $971,000 after buying an additional 176 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in shares of United States Lime & Minerals by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 47,381 shares of the construction company’s stock worth $5,673,000 after buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products in the United States. Through its operating subsidiaries, the company mines, processes and distributes limestone and manufactures lime products for industrial, construction, environmental and other commercial applications.

Its product portfolio includes crushed limestone, pulverized and sized limestone, quicklime, hydrated lime and related lime products. These materials are used in construction and road building, water and wastewater treatment, flue-gas and other environmental applications, steel and metals processing, oil and gas services, agriculture and other industrial markets.

United States Lime & Minerals operates limestone quarries and processing facilities primarily in Texas and Oklahoma and serves customers in those states and surrounding regions.