United States Lime & Minerals (NASDAQ:USLM) Stock Crosses Below 200-Day Moving Average – What’s Next?

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $120.87 and traded as low as $105.77. United States Lime & Minerals shares last traded at $106.36, with a volume of 198,665 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, United States Lime & Minerals presently has a consensus rating of “Buy”.

United States Lime & Minerals Stock Down 0.9%

The stock has a market cap of $3.05 billion, a PE ratio of 23.43 and a beta of 0.70. The company has a fifty day moving average price of $120.93 and a 200 day moving average price of $120.87.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.14). The company had revenue of $87.83 million during the quarter, compared to analysts’ expectations of $102.00 million. United States Lime & Minerals had a return on equity of 21.28% and a net margin of 35.40%.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.29%.

Institutional Trading of United States Lime & Minerals

Several large investors have recently modified their holdings of USLM. Global Retirement Partners LLC bought a new stake in shares of United States Lime & Minerals in the fourth quarter worth about $29,000. Quarry LP bought a new stake in shares of United States Lime & Minerals in the 3rd quarter worth approximately $33,000. Empowered Funds LLC bought a new stake in shares of United States Lime & Minerals in the 4th quarter worth approximately $42,000. Amica Retiree Medical Trust boosted its position in shares of United States Lime & Minerals by 413.8% in the 3rd quarter. Amica Retiree Medical Trust now owns 334 shares of the construction company’s stock worth $44,000 after purchasing an additional 269 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in United States Lime & Minerals by 54,900.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 550 shares of the construction company’s stock worth $72,000 after acquiring an additional 549 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

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.