United States Lime & Minerals (NASDAQ:USLM) Stock Breaks Below 200-Day Moving Average – What’s Next?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $114.64 and traded as low as $105.36. United States Lime & Minerals shares last traded at $106.45, with a volume of 132,267 shares traded.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Trading Up 2.1%

The company’s 50-day simple moving average is $114.79 and its 200 day simple moving average is $114.38. The stock has a market cap of $3.07 billion, a P/E ratio of 22.92 and a beta of 0.66.

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

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 21st. United States Lime & Minerals’s dividend 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 firm’s stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average cost of $110.00 per share, with a total value of $2,200,000.00. Following the transaction, the insider directly owned 17,673,780 shares in the company, valued at $1,944,115,800. This trade represents a 0.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Antoine M. Doumet sold 20,000 shares of United States Lime & Minerals 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 sale, the director owned 90,000 shares in the company, valued at $9,900,000. The trade was a 18.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of United States Lime & Minerals

Several hedge funds have recently added to or reduced their stakes in the stock. Davidson Capital Management Inc. increased its holdings in United States Lime & Minerals by 3.4% in the 3rd quarter. Davidson Capital Management Inc. now owns 45,039 shares of the construction company’s stock worth $5,094,000 after acquiring an additional 1,467 shares during the last quarter. GAMMA Investing LLC raised its position in shares of United States Lime & Minerals by 77.1% in the third quarter. GAMMA Investing LLC now owns 379 shares of the construction company’s stock valued at $43,000 after purchasing an additional 165 shares during the period. State Street Corp boosted its holdings in United States Lime & Minerals by 78.1% in the 2nd quarter. State Street Corp now owns 419,491 shares of the construction company’s stock worth $43,908,000 after buying an additional 183,902 shares during the period. Squarepoint Ops LLC grew its stake in United States Lime & Minerals by 186.9% in the 2nd quarter. Squarepoint Ops LLC now owns 11,038 shares of the construction company’s stock valued at $1,155,000 after buying an additional 7,190 shares in the last quarter. Finally, Corient Private Wealth LP grew its stake in United States Lime & Minerals by 289.4% in the 2nd quarter. Corient Private Wealth LP now owns 19,599 shares of the construction company’s stock valued at $2,051,000 after buying an additional 14,566 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

About United States Lime & Minerals

United States Lime & Minerals, Inc (NASDAQ: USLM) produces and sells lime and limestone products for industrial, construction, environmental, and other commercial applications. Its products include quicklime, hydrated lime, and crushed and pulverized limestone.

The company serves a range of end markets, including construction, steel manufacturing, oil and gas, environmental services, chemical processing, agriculture, and water treatment. Lime is used in processes such as emissions control, water purification, soil stabilization, and industrial manufacturing, while limestone products are used in construction and other applications.

United States Lime & Minerals operates quarrying, processing, and distribution facilities primarily in Texas and Oklahoma, serving customers in those states and surrounding regional markets.