United States Lime & Minerals (NASDAQ:USLM) Shares Gap Down – Here’s What Happened

by · The Markets Daily

United States Lime & Minerals, Inc. (NASDAQ:USLM – Get Free Report)’s stock price 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered 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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

View Our Latest Research Report on USLM

United States Lime & Minerals Stock Down 1.4%

The stock has a fifty day moving average price of $115.24 and a two-hundred day moving average price of $115.64. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 23.10 and a beta of 0.73.

United States Lime & Minerals (NASDAQ:USLM – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%. The business had revenue of $99.13 million during the quarter, compared to analyst estimates of $108.00 million.

United States Lime & Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were issued 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 was Friday, August 21st. United States Lime & Minerals’s dividend payout ratio is 5.14%.

Insider Buying and Selling at United States Lime & Minerals

In other news, Director Antoine M. Doumet sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were 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. This trade represents a 18.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings Ltd. Candou bought 20,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was bought at an average price of $110.00 per share, for a total transaction of $2,200,000.00. Following the transaction, the insider directly owned 17,673,780 shares of the company’s stock, valued at approximately $1,944,115,800. This represents a 0.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.50% of the company’s stock.

Institutional Trading of United States Lime & Minerals

Several institutional investors have recently added to or reduced their stakes in USLM. State Street Corp increased its holdings in United States Lime & Minerals by 78.1% in the second quarter. State Street Corp now owns 419,491 shares of the construction company’s stock worth $43,908,000 after purchasing an additional 183,902 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of United States Lime & Minerals by 186.9% during the 2nd quarter. Squarepoint Ops LLC now owns 11,038 shares of the construction company’s stock worth $1,155,000 after buying an additional 7,190 shares in the last quarter. Corient Private Wealth LP grew its position in shares of United States Lime & Minerals by 289.4% during the 2nd quarter. Corient Private Wealth LP now owns 19,599 shares of the construction company’s stock worth $2,051,000 after buying an additional 14,566 shares during the period. Sigma Planning Corp acquired a new stake in shares of United States Lime & Minerals during the 2nd quarter worth approximately $1,047,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of United States Lime & Minerals by 116.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,608 shares of the construction company’s stock valued at $2,680,000 after acquiring an additional 13,757 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

United States Lime & Minerals Company Profile

(Get Free Report)

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.

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