Navellier & Associates Inc. Lowers Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Key Points

• Navellier & Associates Inc. reduced its stake in United States Lime & Minerals (NASDAQ:USLM) by 43.1%, selling 3,474 shares and holding 4,577 shares valued at $405,000.
• Other institutional investors, such as Select Equity Group and Millennium Management, significantly increased their stakes in the company, with Select Equity raising its stake by 46.3% and Millennium by 1,631.4% in the last quarter.
• The company reported a quarterly earnings per share of $1.19 and declared a quarterly dividend of $0.06 per share, reflecting a 0.22% yield.

Navellier & Associates Inc. lowered its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 43.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,577 shares of the construction company's stock after selling 3,474 shares during the period. Navellier & Associates Inc.'s holdings in United States Lime & Minerals were worth $405,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in USLM. Select Equity Group L.P. lifted its position in United States Lime & Minerals by 46.3% during the fourth 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. Millennium Management LLC lifted its position in United States Lime & Minerals by 1,631.4% during the fourth quarter. Millennium Management LLC now owns 63,854 shares of the construction company's stock valued at $8,476,000 after buying an additional 60,166 shares during the period. JPMorgan Chase & Co. lifted its position in United States Lime & Minerals by 486.5% during the fourth quarter. JPMorgan Chase & Co. now owns 62,736 shares of the construction company's stock valued at $8,328,000 after buying an additional 52,039 shares during the period. Algert Global LLC lifted its position in United States Lime & Minerals by 425.0% during the fourth quarter. Algert Global LLC now owns 40,160 shares of the construction company's stock valued at $5,331,000 after buying an additional 32,510 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in United States Lime & Minerals by 6.0% during the fourth 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. Institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Trading Down 0.2%

United States Lime & Minerals stock traded down $0.20 on Wednesday, hitting $112.30. 34,005 shares of the stock traded hands, compared to its average volume of 126,347. The firm has a market cap of $3.22 billion, a P/E ratio of 26.73 and a beta of 0.98. The business's fifty day simple moving average is $102.84 and its 200 day simple moving average is $100.48. United States Lime & Minerals, Inc. has a 1 year low of $65.45 and a 1 year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $91.25 million during the quarter. United States Lime & Minerals had a return on equity of 24.79% and a net margin of 35.74%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised United States Lime & Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday, April 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.