United States Lime & Minerals (NASDAQ:USLM) Hits New 1-Year High at $346.90

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $346.90 and last traded at $344.20, with a volume of 3441 shares traded. The stock had previously closed at $340.19.

United States Lime & Minerals Price Performance

The company has a market cap of $2.06 billion, a price-to-earnings ratio of 25.77 and a beta of 0.79. The firm's 50-day moving average price is $295.39 and its 200-day moving average price is $250.29.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The construction company reported $2.98 earnings per share (EPS) for the quarter. United States Lime & Minerals had a net margin of 27.91% and a return on equity of 20.70%. The company had revenue of $65.69 million during the quarter.

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, May 23rd. United States Lime & Minerals's dividend payout ratio is 7.15%.

Insider Activity

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

Institutional Investors Weigh In On United States Lime & Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USLM. Invesco Ltd. raised its holdings in United States Lime & Minerals by 1,654.8% during the third quarter. Invesco Ltd. now owns 45,729 shares of the construction company's stock worth $9,192,000 after acquiring an additional 43,123 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of United States Lime & Minerals by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 101,081 shares of the construction company's stock valued at $20,317,000 after buying an additional 5,907 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of United States Lime & Minerals by 170.6% in the third quarter. Teacher Retirement System of Texas now owns 3,666 shares of the construction company's stock valued at $737,000 after buying an additional 2,311 shares in the last quarter. Quadrature Capital Ltd increased its holdings in United States Lime & Minerals by 99.0% during the fourth quarter. Quadrature Capital Ltd now owns 3,544 shares of the construction company's stock worth $817,000 after buying an additional 1,763 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in United States Lime & Minerals during the fourth quarter worth $396,000. 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 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.