Cubist Systematic Strategies LLC Acquires New Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Cubist Systematic Strategies LLC acquired a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,485 shares of the construction company's stock, valued at approximately $1,126,000.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in United States Lime & Minerals by 432.3% in the 3rd quarter. Franklin Resources Inc. now owns 6,036 shares of the construction company's stock worth $612,000 after acquiring an additional 4,902 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in United States Lime & Minerals by 454.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,697 shares of the construction company's stock worth $1,045,000 after acquiring an additional 8,768 shares in the last quarter. Barclays PLC lifted its stake in United States Lime & Minerals by 1,182.8% in the 3rd quarter. Barclays PLC now owns 21,512 shares of the construction company's stock worth $2,101,000 after acquiring an additional 19,835 shares in the last quarter. Principal Financial Group Inc. lifted its stake in United States Lime & Minerals by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 6,390 shares of the construction company's stock worth $848,000 after acquiring an additional 546 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in United States Lime & Minerals by 16.8% in the 4th quarter. Victory Capital Management Inc. now owns 21,425 shares of the construction company's stock worth $2,844,000 after acquiring an additional 3,081 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United States Lime & Minerals

In other news, Director Sandra C. Duhe sold 3,157 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $94.61, for a total transaction of $298,683.77. Following the completion of the sale, the director now directly owns 2,128 shares of the company's stock, valued at $201,330.08. This trade represents a 59.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.46% of the company's stock.

United States Lime & Minerals Stock Up 1.7%

Shares of USLM traded up $1.72 during midday trading on Friday, reaching $103.92. 66,235 shares of the stock were exchanged, compared to its average volume of 97,276. United States Lime & Minerals, Inc. has a 12-month low of $64.25 and a 12-month high of $159.53. The firm has a 50 day simple moving average of $93.39 and a 200-day simple moving average of $113.07. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 27.39 and a beta of 0.97.

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

United States Lime & Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, May 23rd. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised United States Lime & Minerals from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.

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.