United States Lime & Minerals Stock Scheduled to Split on Monday, July 15th (NASDAQ:USLM)

United States Lime & Minerals, Inc. (NASDAQ:USLM)’s stock is set to split before the market opens on Monday, July 15th. The 5-1 split was announced on Monday, July 15th. The newly issued shares will be payable to shareholders after the closing bell on Monday, July 15th.

United States Lime & Minerals Stock Performance

Shares of United States Lime & Minerals stock opened at $395.38 on Friday. The business’s 50 day moving average price is $353.71 and its 200 day moving average price is $297.41. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 28.28 and a beta of 0.85. United States Lime & Minerals has a one year low of $185.57 and a one year high of $396.00.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Tuesday, April 30th. The construction company reported $3.92 earnings per share (EPS) for the quarter. The company had revenue of $71.69 million during the quarter. United States Lime & Minerals had a return on equity of 20.70% and a net margin of 27.91%.

United States Lime & Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.00 annualized dividend and a yield of 0.25%. United States Lime & Minerals’s dividend payout ratio (DPR) is 7.15%.

Analyst Ratings Changes

Separately, StockNews.com cut United States Lime & Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th.

Insiders Place Their Bets

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 200 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $330.32, for a total transaction of $66,064.00. Following the completion of the sale, the chief executive officer now owns 29,543 shares of the company’s stock, valued at $9,758,643.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Timothy W. Byrne sold 200 shares of United States Lime & Minerals stock in a transaction on Friday, June 7th. The stock was sold at an average price of $330.32, for a total value of $66,064.00. Following the completion of the sale, the chief executive officer now directly owns 29,543 shares of the company’s stock, valued at $9,758,643.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy W. Byrne sold 7,389 shares of United States Lime & Minerals stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $336.68, for a total value of $2,487,728.52. Following the completion of the sale, the chief executive officer now directly owns 30,380 shares of the company’s stock, valued at $10,228,338.40. The disclosure for this sale can be found here. 2.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of USLM. Janus Henderson Group PLC grew its stake in United States Lime & Minerals by 958.4% during the 1st quarter. Janus Henderson Group PLC now owns 10,489 shares of the construction company’s stock worth $3,127,000 after purchasing an additional 9,498 shares in the last quarter. Vanguard Group Inc. grew its stake in United States Lime & Minerals by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 101,081 shares of the construction company’s stock worth $20,317,000 after purchasing an additional 5,907 shares in the last quarter. SG Americas Securities LLC grew its stake in United States Lime & Minerals by 1,505.5% during the 2nd quarter. SG Americas Securities LLC now owns 5,587 shares of the construction company’s stock worth $2,035,000 after purchasing an additional 5,239 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in United States Lime & Minerals during the 1st quarter worth $607,000. Finally, Quadrature Capital Ltd grew its stake in United States Lime & Minerals by 99.0% during the 4th quarter. Quadrature Capital Ltd now owns 3,544 shares of the construction company’s stock worth $817,000 after purchasing an additional 1,763 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

About United States Lime & Minerals

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.