United States Lime & Minerals, Inc. $USLM Stock Holdings Increased by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in United States Lime & Minerals by 28.4%, owning 13,603 shares valued at approximately $1.36 million as of the latest SEC filing.
• CEO Timothy W. Byrne sold 12,100 shares at an average price of $119.50, reducing his ownership by 12.28% to 86,432 shares.
• Wall Street analysts downgraded United States Lime & Minerals from a "buy" rating to a "hold" rating, indicating potential concerns about future growth.

Thurston Springer Miller Herd & Titak Inc. lifted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 28.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,603 shares of the construction company's stock after buying an additional 3,010 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in United States Lime & Minerals were worth $1,358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in United States Lime & Minerals by 0.3% during the first quarter. Bank of New York Mellon Corp now owns 51,822 shares of the construction company's stock valued at $4,580,000 after buying an additional 160 shares during the period. Cardinal Capital Management raised its holdings in shares of United States Lime & Minerals by 0.3% during the 1st quarter. Cardinal Capital Management now owns 58,239 shares of the construction company's stock worth $5,147,000 after acquiring an additional 164 shares in the last quarter. State of Wyoming purchased a new stake in shares of United States Lime & Minerals during the 4th quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in United States Lime & Minerals during the 4th quarter valued at $36,000. Finally, Allspring Global Investments Holdings LLC grew its position in United States Lime & Minerals by 6.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock valued at $412,000 after acquiring an additional 291 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Trading Up 0.1%

USLM traded up $0.18 during trading on Friday, hitting $127.96. The company's stock had a trading volume of 40,049 shares, compared to its average volume of 127,510. The business's fifty day simple moving average is $115.29 and its 200 day simple moving average is $103.09. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 29.35 and a beta of 1.02. United States Lime & Minerals, Inc. has a twelve month low of $80.47 and a twelve month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly 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 return on equity of 24.24% and a net margin of 35.57%.The firm had revenue of $91.52 million during the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 22nd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 22nd. United States Lime & Minerals's dividend payout ratio is currently 5.50%.

Insider Activity

In related news, CEO Timothy W. Byrne sold 27,425 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $121.05, for a total value of $3,319,796.25. Following the completion of the sale, the chief executive officer directly owned 98,532 shares of the company's stock, valued at $11,927,298.60. This represents a 21.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.46% of the company's stock.

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.