United States Lime & Minerals (NASDAQ:USLM) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• USLM shares moved above their 200-day moving average, reaching $122.37 before closing at $120.31, compared with a 200-day average of $115.41.
• The company’s latest quarterly results fell short of expectations: EPS was $1.20 versus the $1.30 consensus, while revenue of $99.13 million missed estimates of $108 million. Weiss Ratings downgraded the stock to “hold,” matching the current average analyst rating.
• United States Lime & Minerals declared a quarterly dividend of $0.06 per share, equivalent to an annualized $0.24 payout and a 0.2% yield; institutional investors own 27.12% of the company.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $115.41 and traded as high as $122.37. United States Lime & Minerals shares last traded at $120.31, with a volume of 94,622 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered United States Lime & Minerals from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

United States Lime & Minerals Trading Up 0.2%

The business has a 50-day moving average of $108.18 and a 200 day moving average of $115.41. The firm has a market capitalization of $3.45 billion, a PE ratio of 25.76 and a beta of 0.72.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.10). United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.The firm had revenue of $99.13 million for the quarter, compared to analysts' expectations of $108.00 million.

United States Lime & Minerals Announces Dividend

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

Institutional Investors Weigh In On United States Lime & Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its position in United States Lime & Minerals by 3.3% during the fourth quarter. Handelsbanken Fonder AB now owns 3,100 shares of the construction company's stock valued at $371,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. raised its position in United States Lime & Minerals by 18.5% in the first quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company's stock worth $97,000 after acquiring an additional 116 shares during the period. ProShare Advisors LLC boosted its stake in United States Lime & Minerals by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 1,979 shares of the construction company's stock valued at $237,000 after acquiring an additional 126 shares during the last quarter. SG Americas Securities LLC boosted its stake in United States Lime & Minerals by 2.4% in the first quarter. SG Americas Securities LLC now owns 7,438 shares of the construction company's stock valued at $971,000 after acquiring an additional 176 shares during the last quarter. Finally, Comerica Bank grew its position in shares of United States Lime & Minerals by 28.6% during the 4th quarter. Comerica Bank now owns 827 shares of the construction company's stock valued at $99,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.

About United States Lime & Minerals

United States Lime & Minerals, Inc NASDAQ: USLM is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.

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