United States Lime & Minerals, Inc. $USLM Stock Position Lessened by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in United States Lime & Minerals by 55.5% in the first quarter, owning approximately 0.11% of the company by the end of the quarter.
• United States Lime & Minerals reported an EPS of $1.07 for the last quarter, missing expectations, and had a net margin of 35.57%.
• The company has announced a quarterly dividend of $0.06 per share, with an annualized yield of 0.2%, set to be paid on September 12th.

American Century Companies Inc. cut its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 55.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,872 shares of the construction company's stock after selling 39,728 shares during the quarter. American Century Companies Inc. owned approximately 0.11% of United States Lime & Minerals worth $2,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of USLM. Vanguard Group Inc. raised its position in shares of United States Lime & Minerals by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock valued at $71,444,000 after acquiring an additional 94,149 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of United States Lime & Minerals by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 507,541 shares of the construction company's stock valued at $67,372,000 after acquiring an additional 28,947 shares in the last quarter. Select Equity Group L.P. raised its position in shares of United States Lime & Minerals by 46.3% during the 4th quarter. Select Equity Group L.P. now owns 328,354 shares of the construction company's stock valued at $43,586,000 after acquiring an additional 103,948 shares in the last quarter. Northern Trust Corp raised its position in shares of United States Lime & Minerals by 5.1% during the 4th quarter. Northern Trust Corp now owns 111,932 shares of the construction company's stock valued at $14,858,000 after acquiring an additional 5,447 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United States Lime & Minerals by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 100,474 shares of the construction company's stock valued at $8,880,000 after acquiring an additional 4,318 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 27,425 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $121.05, for a total transaction of $3,319,796.25. Following the completion of the transaction, the chief executive officer owned 98,532 shares in the company, valued at $11,927,298.60. The trade was a 21.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

United States Lime & Minerals Price Performance

NASDAQ:USLM traded up $2.07 during midday trading on Friday, reaching $123.06. 130,437 shares of the company traded hands, compared to its average volume of 125,379. United States Lime & Minerals, Inc. has a twelve month low of $75.33 and a twelve month high of $159.53. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 28.22 and a beta of 1.02. The company has a fifty day moving average price of $111.00 and a 200 day moving average price of $101.18.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Announces Dividend

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

About United States Lime & Minerals

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.