United States Lime & Minerals (NASDAQ:USLM) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• USLM shares fell below their 200-day moving average, trading as low as $105.36 versus the $114.64 average, and last changing hands at $106.45.
• The company’s latest quarterly results missed expectations: EPS was $1.20 versus the $1.30 consensus, while revenue of $99.13 million fell short of the $108 million estimate.
• Despite the technical weakness, Weiss Ratings upgraded USLM to “buy,” and MarketBeat reports an overall “Buy” rating. The company also pays a $0.24 annualized dividend, yielding approximately 0.2%.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $114.64 and traded as low as $105.36. United States Lime & Minerals shares last traded at $106.45, with a volume of 132,267 shares trading hands.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Trading Down 0.9%

The firm has a market capitalization of $3.05 billion, a P/E ratio of 22.79 and a beta of 0.66. The company has a 50 day simple moving average of $115.23 and a two-hundred day simple moving average of $114.64.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). The company had revenue of $99.13 million during the quarter, compared to analysts' expectations 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 Dividend Announcement

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

Insider Buying and Selling

In other news, major shareholder Holdings Ltd. Candou acquired 20,000 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average cost of $110.00 per share, with a total value of $2,200,000.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Antoine M. Doumet sold 20,000 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the director directly owned 90,000 shares of the company's stock, valued at approximately $9,900,000. This trade represents a 18.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.50% of the company's stock.

Institutional Trading of United States Lime & Minerals

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in United States Lime & Minerals by 77.1% in the third quarter. GAMMA Investing LLC now owns 379 shares of the construction company's stock worth $43,000 after acquiring an additional 165 shares in the last quarter. Fifth Third Bancorp bought a new stake in United States Lime & Minerals in the first quarter worth $90,000. PNC Financial Services Group Inc. boosted its stake in United States Lime & Minerals by 18.5% during the first quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company's stock worth $97,000 after buying an additional 116 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of United States Lime & Minerals during the 2nd quarter worth about $102,000. Finally, Thompson Davis & CO. Inc. bought a new position in shares of United States Lime & Minerals during the first quarter valued at approximately $206,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc NASDAQ: USLM produces and sells lime and limestone products for industrial, construction, environmental, and other commercial applications. Its products include quicklime, hydrated lime, and crushed and pulverized limestone.

The company serves a range of end markets, including construction, steel manufacturing, oil and gas, environmental services, chemical processing, agriculture, and water treatment. Lime is used in processes such as emissions control, water purification, soil stabilization, and industrial manufacturing, while limestone products are used in construction and other applications.

United States Lime & Minerals operates quarrying, processing, and distribution facilities primarily in Texas and Oklahoma, serving customers in those states and surrounding regional markets.

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