Select Equity Group L.P. Raises Position in 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. increased its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 1.19% of United States Lime & Minerals worth $30,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of USLM. State of Wyoming acquired a new stake in shares of United States Lime & Minerals in the 4th quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of United States Lime & Minerals in the 4th quarter worth approximately $36,000. Covestor Ltd grew its holdings 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 worth $159,000 after acquiring an additional 1,765 shares during the period. Cerity Partners LLC acquired a new stake in shares of United States Lime & Minerals in the 1st quarter worth approximately $213,000. Finally, Alpine Global Management LLC acquired a new stake in shares of United States Lime & Minerals in the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Buying and Selling at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 27,425 shares of the stock in a transaction 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 transaction, the chief executive officer 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 SEC, which is available through this link. 1.46% of the stock is currently 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 note on Saturday, August 2nd.

United States Lime & Minerals Stock Performance

USLM stock traded up $0.63 on Tuesday, reaching $123.25. The company had a trading volume of 149,996 shares, compared to its average volume of 123,070. United States Lime & Minerals, Inc. has a 1 year low of $75.33 and a 1 year high of $159.53. The company's fifty day moving average is $111.87 and its 200 day moving average is $101.51. The company has a market cap of $3.53 billion, a P/E ratio of 28.27 and a beta of 1.02.

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 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 business had revenue of $91.52 million for the quarter, compared to analysts' expectations of $101.00 million.

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 22nd. United States Lime & Minerals's dividend payout ratio 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.