Invesco Ltd. Reduces Stock Position in United States Lime & Minerals, Inc. $USLM

Key Points

• Invesco Ltd. significantly reduced its stake in United States Lime & Minerals by 59.9% in the 1st quarter, now holding approximately 80,665 shares valued at $7.13 million.
• In contrast, Select Equity Group L.P. and other institutional investors increased their positions in the company, with Select Equity acquiring an additional 103,948 shares, marking a 46.3% increase.
• United States Lime & Minerals reported a quarterly earnings miss with earnings per share of $1.07, falling short of the expected $1.14, and a revenue of $91.52 million below estimates of $101 million.

Invesco Ltd. lowered its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 59.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,665 shares of the construction company's stock after selling 120,277 shares during the quarter. Invesco Ltd. owned 0.28% of United States Lime & Minerals worth $7,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in USLM. Wells Fargo & Company MN grew its position in United States Lime & Minerals by 135.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,989 shares of the construction company's stock worth $1,061,000 after acquiring an additional 4,597 shares in the last quarter. Barclays PLC lifted its stake in United States Lime & Minerals by 6.6% during the fourth quarter. Barclays PLC now owns 22,928 shares of the construction company's stock worth $3,043,000 after purchasing an additional 1,416 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of United States Lime & Minerals by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 6,473 shares of the construction company's stock worth $859,000 after purchasing an additional 353 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of United States Lime & Minerals in the 4th quarter worth about $181,000. Finally, Dark Forest Capital Management LP bought a new position in shares of United States Lime & Minerals during the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Wall Street Analyst Weigh In

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

United States Lime & Minerals Price Performance

NASDAQ USLM traded down $0.37 during trading on Monday, hitting $125.92. 229,021 shares of the company's stock traded hands, compared to its average volume of 131,911. The stock has a fifty day moving average of $109.18 and a two-hundred day moving average of $100.65. United States Lime & Minerals, Inc. has a 12-month low of $74.90 and a 12-month high of $159.53. The firm has a market cap of $3.61 billion, a P/E ratio of 28.88 and a beta of 1.02.

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 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 company had revenue of $91.52 million during the quarter, compared to analysts' expectations of $101.00 million.

United States Lime & Minerals Dividend Announcement

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

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.