United States Lime & Minerals (NASDAQ:USLM) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• United States Lime & Minerals' stock price has exceeded its 200-day moving average, recently hitting a high of $108.36, with current trading at $107.48.
• Wall Street analysts upgraded the stock from a "hold" rating to a "buy" rating on April 2nd, reflecting positive sentiment about the company's performance.
• The company declared a quarterly dividend of $0.06 per share, representing an annualized dividend of $0.24 and a dividend yield of 0.22%.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $100.79 and traded as high as $108.36. United States Lime & Minerals shares last traded at $107.48, with a volume of 72,428 shares.

Wall Street Analyst Weigh In

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

United States Lime & Minerals Trading Down 0.6%

The stock's fifty day moving average is $102.53 and its two-hundred day moving average is $100.79. The company has a market capitalization of $3.08 billion, a PE ratio of 25.59 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.19 earnings per share for the quarter. The company had revenue of $91.25 million for the quarter. United States Lime & Minerals had a net margin of 35.74% and a return on equity of 24.79%.

United States Lime & Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.06 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.22%. United States Lime & Minerals's payout ratio is 5.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming bought a new position in shares of United States Lime & Minerals during the 4th quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of United States Lime & Minerals during the 4th quarter worth $36,000. National Bank of Canada FI purchased a new position in shares of United States Lime & Minerals in the fourth quarter valued at $72,000. Covestor Ltd grew its position in shares of United States Lime & Minerals by 4,902.8% in the first quarter. Covestor Ltd now owns 1,801 shares of the construction company's stock valued at $159,000 after purchasing an additional 1,765 shares in the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in shares of United States Lime & Minerals in the fourth quarter valued at $181,000. 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.

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