United States Lime & Minerals (NASDAQ:USLM) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s stock price crossed 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.

Analysts Set New Price Targets

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

United States Lime & Minerals Trading Down 0.2%

The company’s 50-day simple moving average is $124.32 and its 200-day simple moving average is $122.61. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 23.02 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings results on Monday, February 2nd. The construction company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). The business 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, February 20th. United States Lime & Minerals’s payout ratio is 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 USLM. Goldman Sachs Group Inc. boosted its holdings in United States Lime & Minerals by 10.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 325,922 shares of the construction company’s stock valued at $39,026,000 after acquiring an additional 30,462 shares during the last quarter. Steel Grove Capital Advisors LLC bought a new stake in shares of United States Lime & Minerals in the 4th quarter valued at $210,000. Royce & Associates LP boosted its stake in shares of United States Lime & Minerals by 4.1% in the 4th quarter. Royce & Associates LP now owns 57,620 shares of the construction company’s stock valued at $6,899,000 after purchasing an additional 2,257 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of United States Lime & Minerals during the fourth quarter worth $200,000. Finally, Diamond Hill Capital Management Inc. raised its stake in United States Lime & Minerals by 7.7% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 70,935 shares of the construction company’s stock worth $8,494,000 after buying an additional 5,051 shares during the last quarter. 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.