Thurston Springer Miller Herd & Titak Inc. Has $1.36 Million Stock Position in United States Lime & Minerals, Inc. $USLM

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

A number of other institutional investors also recently modified their holdings of USLM. Wealth Enhancement Advisory Services LLC increased its holdings in United States Lime & Minerals by 87.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,528 shares of the construction company's stock worth $312,000 after purchasing an additional 1,643 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 worth $412,000 after purchasing an additional 291 shares in the last quarter. GAMMA Investing LLC increased its holdings in United States Lime & Minerals by 10,831.6% in the 1st quarter. GAMMA Investing LLC now owns 8,308 shares of the construction company's stock worth $734,000 after purchasing an additional 8,232 shares in the last quarter. Deutsche Bank AG increased its holdings in United States Lime & Minerals by 59.4% in the 4th quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock worth $1,294,000 after purchasing an additional 3,632 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in United States Lime & Minerals by 44.2% in the 1st quarter. SG Americas Securities LLC now owns 8,237 shares of the construction company's stock worth $728,000 after purchasing an additional 2,526 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 12,100 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $119.50, for a total value of $1,445,950.00. Following the sale, the chief executive officer owned 86,432 shares in the company, valued at approximately $10,328,624. The trade was a 12.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Trading Down 1.2%

NASDAQ USLM opened at $126.70 on Monday. The business's 50-day moving average price is $113.21 and its two-hundred day moving average price is $102.23. United States Lime & Minerals, Inc. has a 12 month low of $80.47 and a 12 month high of $159.53. The firm has a market capitalization of $3.63 billion, a PE ratio of 29.06 and a beta of 1.02.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its quarterly 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). 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 the consensus estimate of $101.00 million.

United States Lime & Minerals Dividend Announcement

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

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