United States Lime & Minerals (NASDAQ:USLM) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

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 share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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 Trading Up 2.0%

The stock's 50 day moving average price is $102.68 and its 200 day moving average price is $100.39. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 26.37 and a beta of 0.98.

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

United States Lime & Minerals Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vest Financial LLC purchased a new stake in shares of United States Lime & Minerals during the 2nd quarter worth about $1,061,000. CWM LLC raised its position in United States Lime & Minerals by 24.4% in the 2nd quarter. CWM LLC now owns 3,264 shares of the construction company's stock valued at $326,000 after purchasing an additional 641 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of United States Lime & Minerals by 14.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,022 shares of the construction company's stock worth $422,000 after acquiring an additional 494 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in United States Lime & Minerals by 28.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,603 shares of the construction company's stock valued at $1,358,000 after purchasing an additional 3,010 shares during the last quarter. Finally, Strs Ohio bought a new stake in United States Lime & Minerals in the first quarter valued at about $601,000. 27.12% of the stock is owned by institutional investors and hedge funds.

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.