Invesco Ltd. Reduces 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 position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 59.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,665 shares of the construction company's stock after selling 120,277 shares during the period. Invesco Ltd. owned about 0.28% of United States Lime & Minerals worth $7,129,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of USLM. State of Wyoming acquired a new position in shares of United States Lime & Minerals in the fourth quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of United States Lime & Minerals in the fourth quarter worth about $36,000. Covestor Ltd raised its position in shares of United States Lime & Minerals by 4,902.8% in the first quarter. Covestor Ltd now owns 1,801 shares of the construction company's stock worth $159,000 after acquiring an additional 1,765 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of United States Lime & Minerals in the fourth quarter worth about $181,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of United States Lime & Minerals in the fourth quarter worth about $204,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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 Stock Performance

Shares of USLM stock traded down $0.37 on Friday, reaching $125.92. 229,021 shares of the company were exchanged, compared to its average volume of 128,944. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 28.88 and a beta of 0.98. The business has a 50-day moving average price of $108.61 and a 200 day moving average price of $100.52. United States Lime & Minerals, Inc. has a 1 year low of $74.90 and a 1 year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its 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 company had revenue of $91.52 million for the quarter, compared to analysts' expectations 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 business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals's payout ratio is currently 5.50%.

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.