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

Key Points

• USLM fell below its 200-day moving average, trading as low as $105.33 versus the $113.67 average, and last traded at $106.59.
• Weiss Ratings upgraded the stock from “hold” to “buy,” aligning with the company’s current average analyst rating of “Buy,” though only one analyst provides coverage.
• The company’s latest quarterly results missed expectations, with EPS of $1.20 versus $1.30 expected and revenue of $99.13 million versus $108 million forecast; USLM also pays a $0.24 annualized dividend yielding approximately 0.2%.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $113.67 and traded as low as $105.33. United States Lime & Minerals shares last traded at $106.59, with a volume of 157,689 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of United States Lime & Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of "Buy".

United States Lime & Minerals Trading Up 0.1%

The stock has a fifty day simple moving average of $113.70 and a two-hundred day simple moving average of $113.67. The company has a market cap of $3.06 billion, a PE ratio of 22.82 and a beta of 0.66.

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

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were paid a $0.06 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals's payout ratio is 5.14%.

Insider Buying and Selling

In other United States Lime & Minerals news, major shareholder Holdings Ltd. Candou acquired 20,000 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were purchased at an average price of $110.00 per share, with a total value of $2,200,000.00. Following the completion of the acquisition, the insider directly owned 17,673,780 shares of the company's stock, valued at approximately $1,944,115,800. The trade was a 0.11% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Antoine M. Doumet sold 20,000 shares of the company's stock in a transaction on 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 $9,900,000. This represents a 18.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On United States Lime & Minerals

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of United States Lime & Minerals by 77.1% during the 3rd quarter. GAMMA Investing LLC now owns 379 shares of the construction company's stock worth $43,000 after purchasing an additional 165 shares during the period. Fifth Third Bancorp purchased a new position in shares of United States Lime & Minerals in the 1st quarter valued at about $90,000. PNC Financial Services Group Inc. increased its holdings in shares of United States Lime & Minerals by 18.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company's stock valued at $97,000 after purchasing an additional 116 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of United States Lime & Minerals in the 2nd quarter valued at about $102,000. Finally, Perryman Financial Advisory Inc. AD acquired a new stake in shares of United States Lime & Minerals in the second quarter valued at about $209,000. Institutional investors and hedge funds own 27.12% of the company's stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.

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