United States Lime & Minerals, Inc. Plans Quarterly Dividend of $0.20 (NASDAQ:USLM)

United States Lime & Minerals, Inc. (NASDAQ:USLM) declared a quarterly dividend on Tuesday, October 31st, Zacks reports. Investors of record on Friday, November 24th will be paid a dividend of 0.20 per share by the construction company on Friday, December 15th. This represents a $0.80 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, November 22nd.

United States Lime & Minerals has raised its dividend payment by an average of 14.0% annually over the last three years and has raised its dividend every year for the last 1 years.

United States Lime & Minerals Price Performance

Shares of United States Lime & Minerals stock opened at $210.61 on Monday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 17.58 and a beta of 0.76. The firm’s 50-day moving average is $203.37 and its 200 day moving average is $200.28. United States Lime & Minerals has a 1 year low of $129.29 and a 1 year high of $226.47.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings results on Tuesday, October 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter. The company had revenue of $74.88 million for the quarter. United States Lime & Minerals had a net margin of 24.95% and a return on equity of 19.61%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of United States Lime & Minerals in a research note on Thursday, October 5th. They set a “buy” rating on the stock.

Insider Buying and Selling at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 4,747 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $214.90, for a total transaction of $1,020,130.30. Following the transaction, the chief executive officer now owns 26,509 shares in the company, valued at approximately $5,696,784.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Sandra C. Duhe sold 517 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $206.92, for a total transaction of $106,977.64. Following the completion of the sale, the director now owns 884 shares of the company’s stock, valued at approximately $182,917.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy W. Byrne sold 4,747 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $214.90, for a total transaction of $1,020,130.30. Following the sale, the chief executive officer now directly owns 26,509 shares of the company’s stock, valued at approximately $5,696,784.10. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 201 shares of company stock worth $40,204. Company insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On United States Lime & Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at about $236,000. Lazard Asset Management LLC increased its position in shares of United States Lime & Minerals by 39.2% during the 3rd quarter. Lazard Asset Management LLC now owns 1,055 shares of the construction company’s stock valued at $212,000 after purchasing an additional 297 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at about $104,000. Northern Trust Corp increased its holdings in United States Lime & Minerals by 0.5% in the 3rd quarter. Northern Trust Corp now owns 21,820 shares of the construction company’s stock worth $4,386,000 after acquiring an additional 109 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in United States Lime & Minerals by 2.8% in the 3rd quarter. Rhumbline Advisers now owns 3,054 shares of the construction company’s stock worth $614,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 26.56% of the company’s stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.