United States Lime & Minerals (NASDAQ:USLM) Sees Unusually-High Trading Volume - Time to Buy?

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) saw an uptick in trading volume on Tuesday . 166,061 shares changed hands during trading, an increase of 68% from the previous session's volume of 98,999 shares.The stock last traded at $102.15 and had previously closed at $102.64.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised United States Lime & Minerals from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.

United States Lime & Minerals Trading Down 1.8%

The company has a market cap of $2.80 billion, a price-to-earnings ratio of 25.79 and a beta of 1.01. The stock's 50-day moving average is $98.03 and its 200-day moving average is $109.01.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.19 earnings per share for the quarter. The firm had revenue of $91.25 million for the quarter. United States Lime & Minerals had a net margin of 34.27% and a return on equity of 24.55%.

United States Lime & Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.24 annualized dividend and a yield of 0.25%. United States Lime & Minerals's payout ratio is currently 5.71%.

Institutional Trading of United States Lime & Minerals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of United States Lime & Minerals by 1,182.8% during the third quarter. Barclays PLC now owns 21,512 shares of the construction company's stock valued at $2,101,000 after buying an additional 19,835 shares during the last quarter. Deutsche Bank AG boosted its stake in United States Lime & Minerals by 59.4% during the 4th quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock valued at $1,294,000 after purchasing an additional 3,632 shares during the last quarter. Millennium Management LLC increased its holdings in United States Lime & Minerals by 1,631.4% during the 4th quarter. Millennium Management LLC now owns 63,854 shares of the construction company's stock worth $8,476,000 after purchasing an additional 60,166 shares in the last quarter. Principal Financial Group Inc. increased its holdings in United States Lime & Minerals by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 6,390 shares of the construction company's stock worth $848,000 after purchasing an additional 546 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of United States Lime & Minerals by 16.8% in the fourth quarter. Victory Capital Management Inc. now owns 21,425 shares of the construction company's stock worth $2,844,000 after purchasing an additional 3,081 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

About United States Lime & Minerals

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.