United States Lime & Minerals (NASDAQ:USLM) Shares Cross Above 200-Day Moving Average – Time to Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $103.51 and traded as high as $105.27. United States Lime & Minerals shares last traded at $104.94, with a volume of 118,477 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd.

United States Lime & Minerals Price Performance

The company has a market capitalization of $3.00 billion, a P/E ratio of 24.98 and a beta of 0.98. The business has a 50-day moving average of $101.03 and a 200-day moving average of $103.51.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Wednesday, April 30th. The construction company reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $91.25 million during the quarter. United States Lime & Minerals had a net margin of 35.74% and a return on equity of 24.79%.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, May 23rd. United States Lime & Minerals’s payout ratio is currently 5.71%.

Institutional Trading of United States Lime & Minerals

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake 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 worth $17,092,000 after acquiring an additional 129,534 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of United States Lime & Minerals by 46.3% during the fourth quarter. Select Equity Group L.P. now owns 328,354 shares of the construction company’s stock worth $43,586,000 after purchasing an additional 103,948 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of United States Lime & Minerals by 13.2% during the first quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company’s stock worth $71,444,000 after purchasing an additional 94,149 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of United States Lime & Minerals by 33.6% during the first quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company’s stock worth $25,938,000 after purchasing an additional 73,891 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in United States Lime & Minerals by 615.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 60,681 shares of the construction company’s stock valued at $5,363,000 after buying an additional 52,196 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.