United States Lime & Minerals (NASDAQ:USLM) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $103.51 and traded as high as $105.27. United States Lime & Minerals shares last traded at $104.94, with a volume of 118,477 shares trading hands.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Stock Performance

The firm's 50 day simple moving average is $101.39 and its 200 day simple moving average is $102.87. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 24.28 and a beta of 0.98.

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 EPS for the quarter. United States Lime & Minerals had a net margin of 35.74% and a return on equity of 24.79%. The business had revenue of $91.25 million during the quarter.

United States Lime & Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, May 23rd. United States Lime & Minerals's dividend payout ratio (DPR) is 5.71%.

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors have recently made changes to their positions in USLM. Millennium Management LLC increased its holdings in shares of United States Lime & Minerals by 202.9% during the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company's stock valued at $17,092,000 after purchasing an additional 129,534 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of United States Lime & Minerals by 46.3% during the 4th quarter. Select Equity Group L.P. now owns 328,354 shares of the construction company's stock valued at $43,586,000 after purchasing an additional 103,948 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of United States Lime & Minerals by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock valued at $71,444,000 after purchasing an additional 94,149 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of United States Lime & Minerals by 33.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company's stock valued at $25,938,000 after purchasing an additional 73,891 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of United States Lime & Minerals by 615.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 60,681 shares of the construction company's stock valued at $5,363,000 after purchasing an additional 52,196 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

United States Lime & Minerals Company Profile

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.