United States Lime & Minerals, Inc. (NASDAQ:USLM) announced its quarterly earnings results on Thursday. The construction company reported $1.01 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $36.93 million for the quarter. United States Lime & Minerals had a return on equity of 10.92% and a net margin of 13.68%.
Shares of United States Lime & Minerals (NASDAQ USLM) traded down 1.90% during mid-day trading on Friday, hitting $93.00. The stock had a trading volume of 32,260 shares. The firm has a 50 day moving average of $86.36 and a 200 day moving average of $81.07. United States Lime & Minerals has a one year low of $63.60 and a one year high of $101.40. The stock has a market cap of $518.75 million, a price-to-earnings ratio of 26.05 and a beta of 1.12.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, November 22nd. United States Lime & Minerals’s payout ratio is 15.17%.
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In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 10,845 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $76.96, for a total transaction of $834,631.20. Following the completion of the transaction, the chief executive officer now owns 28,895 shares in the company, valued at $2,223,759.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.57% of the stock is owned by company insiders.
A hedge fund recently raised its stake in United States Lime & Minerals stock. The Manufacturers Life Insurance Company boosted its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 62.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,053 shares of the construction company’s stock after purchasing an additional 787 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in United States Lime & Minerals were worth $161,000 as of its most recent SEC filing. 24.05% of the stock is currently owned by hedge funds and other institutional investors.
About United States Lime & Minerals
United States Lime & Minerals, Inc is a manufacturer of lime and limestone products. The Company’s segments include Lime and Limestone operations, and Natural gas interests. The Company, through its Lime and Limestone Operations, is a manufacturer of lime and limestone products, supplying primarily the construction, environmental (including municipal sanitation and water treatment facilities, and flue gas treatment processes), industrial, metals (including steel producers), roof shingle, oil and gas services, and agriculture (including poultry and cattle feed producers) industries.
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