United States Lime & Minerals, Inc. (NASDAQ: USLM) saw its stock price surpass its 200-day moving average, reaching $279.34 during Friday’s trading session. The stock traded as high as $342.47 and closed at $342.31, with a trading volume of 18,694 shares. The company’s 50-day moving average stands at $332.25, reflecting a positive trend in its price performance.
With a market capitalization of $1.95 billion, United States Lime & Minerals has a price-to-earnings ratio of 24.49 and a beta of 0.82. The company recently announced a 5-1 stock split scheduled for July 15th, which aims to make the stock more accessible to investors. United States Lime & Minerals reported quarterly earnings results on April 30th, with earnings per share of $3.92 and a solid net margin of 27.91%.
The company also declared a quarterly dividend, recently paid on June 14th, with shareholders of record on May 24th receiving a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.29%. The dividend payout ratio is currently at 7.15%, indicating a stable financial position.
CEO Timothy W. Byrne has been active in selling company shares, with transactions reported in June, further details can be found in SEC filings. Institutional investors have also shown interest in United States Lime & Minerals, with several hedge funds and investment firms adjusting their positions in the company.
United States Lime & Minerals focuses on manufacturing and supplying lime and limestone products in the US. Its customer base includes construction contractors, industrial manufacturers, environmental facilities, and oil and gas services companies. The company’s diverse product offerings cater to various industries, ensuring a steady demand for its products.
While analysts currently have a “hold” rating on United States Lime & Minerals, there are other stocks in the market that are being recommended by top-rated analysts for potential investment opportunities. It is essential for investors to conduct thorough research and consider various options before making investment decisions.
If you are looking to generate income from your stock portfolio, consider exploring different stocks that offer stable and reliable sources of investment income. Diversifying your investment portfolio can help mitigate risks and maximize returns in the long run.