Cubist Systematic Strategies LLC Raises Stock Position in United States Lime & Minerals, Inc. $USLM

Key Points

• Cubist Systematic Strategies LLC increased its stake in United States Lime & Minerals by 615.2%, holding 60,681 shares valued at approximately $5.36 million as of the latest SEC filing.
• Despite significant institutional investment, Wall Street analysts downgraded United States Lime & Minerals from a "buy" to a "hold" rating, indicating a cautious outlook.
• The company reported a quarterly earnings miss, with an EPS of $1.07, below the expected $1.14, alongside a net margin of 35.57% and revenues of $91.52 million.

Cubist Systematic Strategies LLC boosted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 615.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,681 shares of the construction company's stock after purchasing an additional 52,196 shares during the quarter. Cubist Systematic Strategies LLC owned 0.21% of United States Lime & Minerals worth $5,363,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in USLM. Bank of New York Mellon Corp raised its position in shares of United States Lime & Minerals by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 51,822 shares of the construction company's stock valued at $4,580,000 after acquiring an additional 160 shares during the period. Cardinal Capital Management grew its position in United States Lime & Minerals by 0.3% in the first quarter. Cardinal Capital Management now owns 58,239 shares of the construction company's stock valued at $5,147,000 after acquiring an additional 164 shares during the last quarter. State of Wyoming bought a new stake in shares of United States Lime & Minerals during the fourth quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of United States Lime & Minerals during the 4th quarter worth approximately $36,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of United States Lime & Minerals by 6.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock worth $412,000 after purchasing an additional 291 shares during the period. Institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Price Performance

NASDAQ USLM traded down $0.91 during midday trading on Tuesday, hitting $121.72. 54,280 shares of the company traded hands, compared to its average volume of 128,604. The company has a market cap of $3.49 billion, a PE ratio of 27.92 and a beta of 1.02. United States Lime & Minerals, Inc. has a 52 week low of $75.33 and a 52 week high of $159.53. The company's 50-day simple moving average is $111.45 and its 200-day simple moving average is $101.35.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The construction company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). The firm had revenue of $91.52 million for the quarter, compared to analyst estimates of $101.00 million. United States Lime & Minerals had a return on equity of 24.24% and a net margin of 35.57%.

United States Lime & Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a $0.06 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals's dividend payout ratio is currently 5.50%.

Insider Transactions at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 12,100 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $119.50, for a total value of $1,445,950.00. Following the sale, the chief executive officer owned 86,432 shares of the company's stock, valued at $10,328,624. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded United States Lime & Minerals from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

United States Lime & Minerals Company Profile

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.