United States Lime & Minerals (NASDAQ:USLM) Sets New 1-Year High at $308.00

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $308.00 and last traded at $306.30, with a volume of 14274 shares. The stock had previously closed at $305.00.

United States Lime & Minerals Trading Down 0.5 %

The stock's fifty day simple moving average is $273.34 and its 200-day simple moving average is $235.36. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 23.37 and a beta of 0.80.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The construction company reported $2.98 earnings per share for the quarter. United States Lime & Minerals had a return on equity of 20.34% and a net margin of 26.50%. The company had revenue of $65.69 million for the quarter.

United States Lime & Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.25 per share. This is a boost from United States Lime & Minerals's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Thursday, February 22nd. United States Lime & Minerals's payout ratio is 7.66%.

Insider Activity at United States Lime & Minerals

In other news, Director Sandra C. Duhe sold 427 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $291.02, for a total value of $124,265.54. Following the transaction, the director now owns 457 shares in the company, valued at approximately $132,996.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Timothy W. Byrne sold 5,979 shares of United States Lime & Minerals stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $259.27, for a total transaction of $1,550,175.33. Following the sale, the chief executive officer now owns 31,638 shares in the company, valued at $8,202,784.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sandra C. Duhe sold 427 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $291.02, for a total value of $124,265.54. Following the completion of the sale, the director now directly owns 457 shares of the company's stock, valued at $132,996.14. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of United States Lime & Minerals by 1,654.8% in the third quarter. Invesco Ltd. now owns 45,729 shares of the construction company's stock valued at $9,192,000 after buying an additional 43,123 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of United States Lime & Minerals in the 4th quarter valued at approximately $4,209,000. Thrivent Financial for Lutherans grew its stake in shares of United States Lime & Minerals by 3.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 370,709 shares of the construction company's stock valued at $56,604,000 after purchasing an additional 11,912 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of United States Lime & Minerals by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 111,515 shares of the construction company's stock valued at $25,687,000 after purchasing an additional 10,434 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of United States Lime & Minerals by 134.0% during the first quarter. American Century Companies Inc. now owns 8,952 shares of the construction company's stock worth $1,361,000 after purchasing an additional 5,126 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

About United States Lime & Minerals

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.