United States Lime & Minerals (NASDAQ:USLM) Sees Unusually-High Trading Volume – Here’s What Happened

United States Lime & Minerals, Inc. (NASDAQ:USLM) shares saw strong trading volume on Tuesday . 166,061 shares traded hands during mid-day 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 Analyst Weigh In

Separately, Wall Street Zen upgraded 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 stock’s 50-day simple moving average is $97.20 and its 200 day simple moving average is $109.48. The company has a market capitalization of $2.87 billion, a PE ratio of 26.48 and a beta of 1.01.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.19 EPS for the quarter. The firm had revenue of $91.25 million for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, May 23rd. United States Lime & Minerals’s payout ratio is 5.71%.

Hedge Funds Weigh In On United States Lime & Minerals

Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in shares of United States Lime & Minerals in the 1st quarter valued at $601,000. Jane Street Group LLC lifted its position in United States Lime & Minerals by 67.3% in the first quarter. Jane Street Group LLC now owns 51,937 shares of the construction company’s stock valued at $4,590,000 after acquiring an additional 20,893 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in United States Lime & Minerals by 33.6% in the first quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company’s stock valued at $25,938,000 after acquiring an additional 73,891 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in United States Lime & Minerals in the first quarter valued at $673,000. Finally, Select Equity Group L.P. grew its holdings in shares of United States Lime & Minerals by 3.5% during the first quarter. Select Equity Group L.P. now owns 339,786 shares of the construction company’s stock worth $30,030,000 after purchasing an additional 11,432 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.