United States Lime & Minerals (NASDAQ:USLM) Shares Gap Up to $129.17

United States Lime & Minerals, Inc. (NASDAQ:USLMGet Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $129.17, but opened at $133.92. United States Lime & Minerals shares last traded at $133.92, with a volume of 1 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on United States Lime & Minerals in a research note on Wednesday, October 12th. They issued a “buy” rating for the company.

United States Lime & Minerals Trading Up 1.6 %

The stock has a market capitalization of $762.53 million, a PE ratio of 18.06 and a beta of 0.71. The firm has a 50 day moving average of $114.58 and a two-hundred day moving average of $111.19.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 25th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, November 23rd. United States Lime & Minerals’s payout ratio is currently 10.75%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 2,556 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $128.65, for a total transaction of $328,829.40. Following the sale, the chief executive officer now owns 29,538 shares in the company, valued at approximately $3,800,063.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 2,556 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $128.65, for a total transaction of $328,829.40. Following the sale, the chief executive officer now owns 29,538 shares in the company, valued at approximately $3,800,063.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy W. Byrne sold 400 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $131.08, for a total value of $52,432.00. Following the sale, the chief executive officer now owns 32,094 shares in the company, valued at approximately $4,206,881.52. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United States Lime & Minerals

A number of large investors have recently bought and sold shares of USLM. Amalgamated Bank acquired a new stake in shares of United States Lime & Minerals during the first quarter worth $30,000. BNP Paribas Arbitrage SA boosted its holdings in shares of United States Lime & Minerals by 150.5% during the second quarter. BNP Paribas Arbitrage SA now owns 486 shares of the construction company’s stock worth $51,000 after purchasing an additional 292 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of United States Lime & Minerals by 82.1% during the second quarter. Lazard Asset Management LLC now owns 683 shares of the construction company’s stock worth $72,000 after purchasing an additional 308 shares during the last quarter. Barclays PLC boosted its holdings in shares of United States Lime & Minerals by 1,010.9% during the third quarter. Barclays PLC now owns 1,122 shares of the construction company’s stock worth $115,000 after purchasing an additional 1,021 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of United States Lime & Minerals by 57.1% during the first quarter. MetLife Investment Management LLC now owns 1,167 shares of the construction company’s stock worth $135,000 after purchasing an additional 424 shares during the last quarter. Institutional investors and hedge funds own 25.83% of the company’s stock.

United States Lime & Minerals Company Profile

(Get Rating)

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; steel producers; oil and gas services companies; roof shingle manufacturers; and poultry and cattle feed producers.

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