Dynamic Technology Lab Private Ltd Invests $673,000 in United States Lime & Minerals, Inc. $USLM

Key Points

• Dynamic Technology Lab Private Ltd acquired 7,610 shares of United States Lime & Minerals, valued at approximately $673,000, indicating increased institutional interest in the construction company.
• During the first quarter, analysts downgraded United States Lime & Minerals from a "buy" to a "hold" rating, reflecting cautious sentiment regarding the company's performance.
• The company recently reported a miss in earnings, posting $1.07 per share against an expectation of $1.14, alongside a quarterly revenue of $91.52 million, below the projected $101 million.

Dynamic Technology Lab Private Ltd bought a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,610 shares of the construction company's stock, valued at approximately $673,000.

Other large investors have also modified their holdings of the company. State of Wyoming acquired a new position in shares of United States Lime & Minerals in the 4th quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in United States Lime & Minerals during the fourth quarter worth approximately $36,000. Covestor Ltd increased its position in United States Lime & Minerals by 4,902.8% during the first quarter. Covestor Ltd now owns 1,801 shares of the construction company's stock worth $159,000 after buying an additional 1,765 shares during the period. Cerity Partners LLC acquired a new position in United States Lime & Minerals during the first quarter worth approximately $213,000. Finally, Alpine Global Management LLC acquired a new position in United States Lime & Minerals during the first quarter worth approximately $222,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Activity at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 12,100 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $119.50, for a total value of $1,445,950.00. Following the completion of the sale, the chief executive officer owned 86,432 shares in the company, valued at approximately $10,328,624. This trade represents a 12.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

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

United States Lime & Minerals Stock Up 1.4%

NASDAQ:USLM traded up $1.82 during trading hours on Monday, reaching $128.52. 19,569 shares of the company's stock were exchanged, compared to its average volume of 128,038. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 29.48 and a beta of 1.02. The company has a 50-day moving average of $113.21 and a 200 day moving average of $102.23. United States Lime & Minerals, Inc. has a 1-year low of $80.47 and a 1-year high of $159.53.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 22nd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 22nd. United States Lime & Minerals's dividend payout ratio (DPR) is 5.50%.

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.