United States Lime & Minerals (NASDAQ:USLM) Stock Price Up 5.8% – Time to Buy?

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) were up 5.8% during mid-day trading on Tuesday . The company traded as high as $157.14 and last traded at $157.14. Approximately 99,705 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 98,701 shares. The stock had previously closed at $148.55.

Analysts Set New Price Targets

Separately, StockNews.com upgraded United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd.

United States Lime & Minerals Stock Down 2.3 %

The firm’s 50-day simple moving average is $114.62 and its 200-day simple moving average is $88.92. The firm has a market capitalization of $4.40 billion, a P/E ratio of 44.58 and a beta of 0.82.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.05 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.13%. United States Lime & Minerals’s dividend payout ratio is presently 5.80%.

Insider Buying and Selling at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 22,261 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the sale, the chief executive officer now owns 125,004 shares of the company’s stock, valued at approximately $17,716,816.92. The trade was a 15.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nathan O’neill sold 1,750 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total value of $244,527.50. Following the sale, the vice president now owns 7,880 shares of the company’s stock, valued at $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USLM. Linden Thomas Advisory Services LLC boosted its position in United States Lime & Minerals by 1.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company’s stock valued at $3,019,000 after buying an additional 84 shares during the period. The Manufacturers Life Insurance Company raised its stake in United States Lime & Minerals by 19.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock worth $496,000 after buying an additional 217 shares in the last quarter. CWM LLC lifted its stake in shares of United States Lime & Minerals by 1,104.8% in the 2nd quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after purchasing an additional 232 shares during the period. Algert Global LLC lifted its position in United States Lime & Minerals by 31.5% during the second quarter. Algert Global LLC now owns 1,090 shares of the construction company’s stock valued at $397,000 after buying an additional 261 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in United States Lime & Minerals by 900.0% during the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock worth $30,000 after acquiring an additional 279 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 manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.