United States Lime & Minerals, Inc. $USLM Shares Acquired by Cubist Systematic Strategies LLC

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 raised its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 615.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in United States Lime & Minerals by 13.2% in the first quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock valued at $71,444,000 after purchasing an additional 94,149 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of United States Lime & Minerals by 6.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 507,541 shares of the construction company's stock valued at $67,372,000 after buying an additional 28,947 shares during the period. Select Equity Group L.P. raised its holdings in shares of United States Lime & Minerals by 46.3% in the 4th quarter. Select Equity Group L.P. now owns 328,354 shares of the construction company's stock valued at $43,586,000 after buying an additional 103,948 shares during the period. Northern Trust Corp raised its holdings in shares of United States Lime & Minerals by 5.1% in the 4th quarter. Northern Trust Corp now owns 111,932 shares of the construction company's stock valued at $14,858,000 after buying an additional 5,447 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of United States Lime & Minerals by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 100,474 shares of the construction company's stock valued at $8,880,000 after buying an additional 4,318 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

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

United States Lime & Minerals Trading Up 1.7%

USLM traded up $2.07 on Friday, hitting $123.06. 130,437 shares of the company were exchanged, compared to its average volume of 125,379. The firm has a 50-day moving average price of $111.00 and a two-hundred day moving average price of $101.16. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 28.22 and a beta of 1.02. United States Lime & Minerals, Inc. has a twelve month low of $75.33 and a twelve month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The construction company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). The business 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 Announces Dividend

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

Insider Activity

In other news, CEO Timothy W. Byrne sold 27,425 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $121.05, for a total transaction of $3,319,796.25. Following the completion of the transaction, the chief executive officer directly owned 98,532 shares of the company's stock, valued at approximately $11,927,298.60. This represents a 21.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.46% of the company's stock.

United States Lime & Minerals 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.