United States Lime & Minerals (NASDAQ:USLM) Director Sells $2,200,000.00 in Stock

Key Points

• Director Antoine Doumet sold 20,000 USLM shares at an average price of $110, generating $2.2 million. His direct holdings fell 18.18% to 90,000 shares.
• United States Lime & Minerals shares rose 1.5% to $117.67, despite the company reporting quarterly EPS of $1.20 and revenue of $99.13 million, both below analyst expectations.
• The company declared a quarterly dividend of $0.06 per share, equivalent to a $0.24 annualized payout and a 0.2% yield. The stock carries an overall Hold rating, following a downgrade by Weiss Ratings.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) Director Antoine Doumet sold 20,000 shares of the firm's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the director directly owned 90,000 shares in the company, valued at approximately $9,900,000. This represents a 18.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United States Lime & Minerals Stock Up 1.5%

USLM stock traded up $1.78 during trading on Friday, hitting $117.67. The company had a trading volume of 83,351 shares, compared to its average volume of 157,302. The firm has a market cap of $3.38 billion, a PE ratio of 25.20 and a beta of 0.73. United States Lime & Minerals, Inc. has a 1-year low of $96.27 and a 1-year high of $141.43. The firm has a 50-day moving average price of $113.00 and a 200-day moving average price of $115.84.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.30 by ($0.10). United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.The company had revenue of $99.13 million for the quarter, compared to analyst estimates of $108.00 million.

United States Lime & Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. United States Lime & Minerals's dividend payout ratio is 5.14%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of United States Lime & Minerals from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in United States Lime & Minerals during the fourth quarter worth about $29,000. Quarry LP purchased a new stake in United States Lime & Minerals in the 3rd quarter valued at approximately $33,000. Empowered Funds LLC acquired a new position in United States Lime & Minerals during the 4th quarter worth approximately $42,000. Comerica Bank acquired a new position in United States Lime & Minerals during the 3rd quarter worth approximately $85,000. Finally, Fifth Third Bancorp purchased a new position in shares of United States Lime & Minerals during the 1st quarter worth approximately $90,000. 27.12% of the stock is currently 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.

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