Key Points
- CEO Timothy Byrne sold 42,000 shares at an average price of $118.59, totaling about $4.98 million. After the sale, he directly owned 72,741 shares, a 36.6% reduction in his position.
- United States Lime & Minerals reported quarterly EPS of $1.32, below the $1.48 consensus estimate, and revenue of $106.19 million versus analysts’ $122 million forecast.
- Analysts’ average rating was “Buy,” with a consensus price target of $131. The company also announced a quarterly dividend of $0.06 per share, equivalent to a 0.2% yield.
United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) CEO Timothy Byrne sold 42,000 shares of the firm's stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $118.59, for a total transaction of $4,980,780.00. Following the completion of the transaction, the chief executive officer directly owned 72,741 shares in the company, valued at $8,626,355.19. This trade represents a 36.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
United States Lime & Minerals Price Performance
Shares of NASDAQ:USLM opened at $114.28 on Friday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 24.63 and a beta of 0.69. The company has a 50 day moving average of $112.83 and a 200-day moving average of $114.79. United States Lime & Minerals, Inc. has a one year low of $96.27 and a one year high of $141.43.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The construction company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.16). United States Lime & Minerals had a net margin of 35.08% and a return on equity of 19.65%. The business had revenue of $106.19 million during the quarter, compared to analyst estimates of $122.00 million.
United States Lime & Minerals Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 20th. United States Lime & Minerals's payout ratio is currently 5.17%.
Hedge Funds Weigh In On United States Lime & Minerals
Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of United States Lime & Minerals by 116.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,608 shares of the construction company's stock valued at $2,680,000 after acquiring an additional 13,757 shares during the period. Bank of America Corp DE acquired a new position in United States Lime & Minerals during the second quarter valued at approximately $4,449,000. Corient Private Wealth LP acquired a new position in United States Lime & Minerals during the second quarter valued at approximately $2,050,000. Man Group plc acquired a new position in United States Lime & Minerals during the second quarter valued at approximately $467,000. Finally, Bank of New York Mellon Corp acquired a new position in United States Lime & Minerals during the second quarter valued at approximately $9,593,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on USLM shares. Freedom Broker cut their price target on United States Lime & Minerals from $132.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, November 2nd. Weiss Ratings raised United States Lime & Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $131.00.
Check Out Our Latest Research Report on United States Lime & Minerals
United States Lime & Minerals Company Profile
(
Get Free Report)
United States Lime & Minerals, Inc. produces and sells lime and limestone products. Its offerings include quicklime, hydrated lime, and crushed limestone, which are used in industrial processes and construction. The company's products support a range of applications, including water and wastewater treatment, environmental control, metals processing, and construction. Its operations and customer base are centered in Texas and the surrounding south-central United States. In addition to its lime and limestone operations, United States Lime & Minerals holds interests in natural gas properties.
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