Strs Ohio Makes New Investment in United States Lime & Minerals, Inc. $USLM

Key Points

• Strs Ohio has invested approximately $601,000 in United States Lime & Minerals, acquiring 6,800 shares in the first quarter of 2023.
• CEO Timothy W. Byrne sold 12,100 shares at an average price of $119.50, lowering his stake by 12.28%, leaving him with approximately $10.3 million in shares.
• United States Lime & Minerals recently announced a quarterly dividend of $0.06 per share, which represents a 0.2% yield and a payout ratio of 5.50%.

Strs Ohio bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,800 shares of the construction company's stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USLM. Ameriprise Financial Inc. acquired a new position in United States Lime & Minerals during the fourth quarter worth about $235,000. Bank of America Corp DE grew its holdings in shares of United States Lime & Minerals by 142.1% during the fourth quarter. Bank of America Corp DE now owns 21,039 shares of the construction company's stock worth $2,793,000 after buying an additional 12,348 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of United States Lime & Minerals by 59.4% during the fourth quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock worth $1,294,000 after buying an additional 3,632 shares in the last quarter. Millennium Management LLC grew its holdings in shares of 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 worth $8,476,000 after buying an additional 60,166 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of United States Lime & Minerals during the fourth quarter worth about $393,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Transactions at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 12,100 shares of the business's stock in a transaction that occurred 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 directly owned 86,432 shares in the company, valued at approximately $10,328,624. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.46% 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 report on Saturday, August 2nd.

United States Lime & Minerals Stock Performance

United States Lime & Minerals stock traded down $1.48 during trading on Tuesday, reaching $128.77. The company had a trading volume of 39,354 shares, compared to its average volume of 127,709. United States Lime & Minerals, Inc. has a 12-month low of $80.47 and a 12-month high of $159.53. The stock's 50 day moving average price is $116.37 and its two-hundred day moving average price is $103.80. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 29.43 and a beta of 1.02.

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

United States Lime & Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 22nd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 22nd. United States Lime & Minerals's payout ratio is presently 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.