United States Lime & Minerals (NASDAQ:USLM) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $122.62 and traded as low as $118.20. United States Lime & Minerals shares last traded at $120.01, with a volume of 256,062 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

United States Lime & Minerals Price Performance

The company has a market cap of $3.44 billion, a price-to-earnings ratio of 25.70 and a beta of 0.98. The business’s fifty day moving average price is $118.56 and its 200 day moving average price is $122.62.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings data on Monday, February 2nd. The construction company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). The company had revenue of $87.94 million during the quarter, compared to analyst estimates of $97.00 million. United States Lime & Minerals had a net margin of 36.03% and a return on equity of 23.07%.

United States Lime & Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 20th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is presently 5.14%.

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 the stock. Vanguard Group Inc. increased its position in United States Lime & Minerals by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 868,196 shares of the construction company’s stock valued at $114,211,000 after purchasing an additional 38,765 shares during the period. SG Americas Securities LLC acquired a new position in shares of United States Lime & Minerals in the 3rd quarter worth approximately $1,093,000. Cadent Capital Advisors LLC bought a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at $1,826,000. Geode Capital Management LLC boosted its stake in shares of United States Lime & Minerals by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 333,677 shares of the construction company’s stock valued at $33,304,000 after purchasing an additional 9,136 shares during the last quarter. Finally, TD Asset Management Inc acquired a new stake in shares of United States Lime & Minerals during the third quarter worth $1,440,000. 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.