Select Equity Group L.P. Purchases 11,432 Shares of United States Lime & Minerals, Inc. $USLM

Key Points

• Select Equity Group L.P. increased its holdings in United States Lime & Minerals by 3.5%, now owning 339,786 shares valued at approximately $30 million.
• CEO Timothy W. Byrne sold 27,425 shares at an average price of $121.05, resulting in a 21.77% reduction in his ownership.
• United States Lime & Minerals reported earnings of $1.07 per share for the last quarter, missing analysts' expectations of $1.14 and having a recent dividend yield of 0.2%.

Select Equity Group L.P. grew its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 3.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 339,786 shares of the construction company's stock after acquiring an additional 11,432 shares during the period. Select Equity Group L.P. owned 1.19% of United States Lime & Minerals worth $30,030,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of USLM. State of Wyoming bought a new position in shares of United States Lime & Minerals in the 4th quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of United States Lime & Minerals in the 4th quarter valued at $36,000. Covestor Ltd lifted its stake in shares of United States Lime & Minerals by 4,902.8% in the 1st quarter. Covestor Ltd now owns 1,801 shares of the construction company's stock valued at $159,000 after acquiring an additional 1,765 shares during the last quarter. Cerity Partners LLC bought a new position in shares of United States Lime & Minerals in the 1st quarter valued at $213,000. Finally, Alpine Global Management LLC bought a new position in shares of United States Lime & Minerals in the 1st quarter valued at $222,000. 27.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy W. Byrne sold 27,425 shares of United States Lime & Minerals stock in a transaction on Wednesday, September 3rd. The shares were 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 of the company's stock, valued at $11,927,298.60. This trade represents a 21.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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 Stock Performance

Shares of USLM stock traded up $0.25 on Friday, hitting $128.43. The company had a trading volume of 30,381 shares, compared to its average volume of 128,271. The firm has a market cap of $3.68 billion, a P/E ratio of 29.48 and a beta of 1.02. The stock's 50-day moving average is $112.78 and its two-hundred day moving average is $101.90. 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 for the quarter, missing the consensus estimate of $1.14 by ($0.07). The company had revenue of $91.52 million during the quarter, compared to analyst estimates of $101.00 million. United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.24%.

United States Lime & Minerals Dividend Announcement

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