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

United States Lime & Minerals, Inc. (NASDAQ:USLM) shares gapped down prior to trading on Friday . The stock had previously closed at $123.14, but opened at $120.00. United States Lime & Minerals shares last traded at $121.40, with a volume of 2,362 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of United States Lime & Minerals in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

United States Lime & Minerals Stock Up 1.0%

The company’s 50 day moving average price is $121.90 and its 200-day moving average price is $118.39. The stock has a market cap of $3.46 billion, a P/E ratio of 26.58 and a beta of 0.97.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.15. United States Lime & Minerals had a net margin of 35.83% and a return on equity of 23.82%.

United States Lime & Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is presently 5.27%.

Hedge Funds Weigh In On United States Lime & Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in USLM. Exchange Traded Concepts LLC bought a new stake in United States Lime & Minerals in the third quarter valued at approximately $26,000. Quarry LP bought a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at $33,000. Blue Trust Inc. acquired a new stake in shares of United States Lime & Minerals during the third quarter worth $35,000. Amica Retiree Medical Trust raised its stake in United States Lime & Minerals by 413.8% during the third quarter. Amica Retiree Medical Trust now owns 334 shares of the construction company’s stock worth $44,000 after buying an additional 269 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in United States Lime & Minerals during the third quarter worth $52,000. 27.12% of the stock is owned by institutional investors and hedge funds.

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.