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 purchased a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,610 shares of the construction company's stock, valued at approximately $673,000.

Several other large investors have also added to or reduced their stakes in the business. Select Equity Group L.P. lifted its position in United States Lime & Minerals by 3.5% in the 1st quarter. Select Equity Group L.P. now owns 339,786 shares of the construction company's stock valued at $30,030,000 after acquiring an additional 11,432 shares in the last quarter. Millennium Management LLC lifted its position in United States Lime & Minerals by 202.9% in the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company's stock valued at $17,092,000 after acquiring an additional 129,534 shares in the last quarter. Advisors Asset Management Inc. lifted its position in United States Lime & Minerals by 29.6% in the 1st quarter. Advisors Asset Management Inc. now owns 62,539 shares of the construction company's stock valued at $5,527,000 after acquiring an additional 14,269 shares in the last quarter. Amundi bought a new position in United States Lime & Minerals in the 1st quarter valued at about $354,000. Finally, Cubist Systematic Strategies LLC lifted its position in United States Lime & Minerals by 615.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 60,681 shares of the construction company's stock valued at $5,363,000 after acquiring an additional 52,196 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Stock Performance

Shares of United States Lime & Minerals stock traded down $1.48 during mid-day trading on Friday, hitting $126.70. 97,525 shares of the stock were exchanged, compared to its average volume of 116,418. United States Lime & Minerals, Inc. has a 12 month low of $80.47 and a 12 month high of $159.53. The company has a 50-day simple moving average of $113.21 and a 200 day simple moving average of $102.12. The company has a market capitalization of $3.63 billion, a P/E ratio of 29.06 and a beta of 1.02.

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

United States Lime & Minerals Announces Dividend

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

Insider Activity at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 27,425 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $121.05, for a total transaction of $3,319,796.25. Following the completion of the sale, the chief executive officer owned 98,532 shares in the company, valued at $11,927,298.60. This trade represents a 21.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.46% of the stock is currently owned by corporate insiders.

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 report 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.