United States Lime & Minerals (NASDAQ:USLM) Stock Passes Below 200 Day Moving Average – Here’s Why

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $122.61 and traded as low as $106.39. United States Lime & Minerals shares last traded at $107.52, with a volume of 163,055 shares trading hands.

Analyst Ratings Changes

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

United States Lime & Minerals Stock Down 0.2%

The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 23.02 and a beta of 0.98. The stock has a 50 day moving average of $124.32 and a 200 day moving average of $122.61.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Monday, February 2nd. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). The firm had revenue of $87.94 million for the quarter, compared to analyst estimates of $97.00 million. United States Lime & Minerals had a return on equity of 23.73% and a net margin of 36.03%.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be 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 of this dividend is Friday, February 20th. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.14%.

Institutional Investors Weigh In On United States Lime & Minerals

Large investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC bought a new position in United States Lime & Minerals in the third quarter valued at about $26,705,000. Copeland Capital Management LLC bought a new position in shares of United States Lime & Minerals in the third quarter worth about $19,916,000. First Trust Advisors LP boosted its stake in shares of United States Lime & Minerals by 281.5% in the 2nd quarter. First Trust Advisors LP now owns 192,869 shares of the construction company’s stock valued at $19,248,000 after purchasing an additional 142,308 shares in the last quarter. Millennium Management LLC grew its holdings in shares of United States Lime & Minerals by 202.9% during the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock valued at $17,092,000 after purchasing an additional 129,534 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of United States Lime & Minerals by 126.3% during the 3rd quarter. Invesco Ltd. now owns 155,195 shares of the construction company’s stock valued at $20,416,000 after purchasing an additional 86,630 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

About United States Lime & Minerals

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.