U.S. Silica Holdings VP Sells $265,120 in Stock (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) VP Bradford B. Casper unloaded 4,000 shares of U.S. Silica Holdings stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $66.28, for a total value of $265,120.00. Following the sale, the vice president now directly owns 6,000 shares in the company, valued at approximately $397,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of U.S. Silica Holdings (NASDAQ:SLCA) traded up 0.79% on Wednesday, hitting $68.00. 2,252,507 shares of the company’s stock traded hands. U.S. Silica Holdings has a 52-week low of $22.75 and a 52-week high of $67.67. The stock has a 50-day moving average of $59.44 and a 200-day moving average of $47.14. The company has a market cap of $3.662 billion and a P/E ratio of 42.68.
U.S. Silica Holdings (NASDAQ:SLCA) last released its earnings data on Tuesday, July 29th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.10. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $189.72 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis. On average, analysts predict that U.S. Silica Holdings will post $2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Monday, September 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 11th.
Several analysts have recently commented on the stock. Analysts at Howard Weil raised their price target on shares of U.S. Silica Holdings from $60.00 to $70.00 in a research note on Thursday, July 31st. They now have a “sector outperform” rating on the stock. Separately, analysts at Cowen and Company reiterated an “outperform” rating on shares of U.S. Silica Holdings in a research note on Thursday, July 31st. They now have a $67.00 price target on the stock. Finally, analysts at Zacks upgraded shares of U.S. Silica Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $62.70 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $60.09.
US Silica Holdings, Inc, is a domestic producer of commercial silica, a specialized mineral. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products.
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