United States Lime & Minerals, Inc. $USLM Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,350 shares of the construction company's stock after selling 2,282 shares during the period. Rhumbline Advisers owned 0.06% of United States Lime & Minerals worth $1,445,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in USLM. 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 worth $4,580,000 after buying an additional 160 shares in the last quarter. Cardinal Capital Management increased its stake in shares of United States Lime & Minerals by 0.3% in 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 during the last quarter. State of Wyoming purchased a new position in shares of United States Lime & Minerals during the 4th quarter worth $35,000. Allspring Global Investments Holdings LLC boosted its position in shares of United States Lime & Minerals by 6.9% during 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. Finally, Kaizen Financial Strategies boosted its position in shares of United States Lime & Minerals by 7.9% during the 1st quarter. Kaizen Financial Strategies now owns 5,891 shares of the construction company's stock valued at $521,000 after acquiring an additional 433 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

United States Lime & Minerals Stock Performance

NASDAQ USLM opened at $127.63 on Friday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 29.27 and a beta of 1.02. The firm has a 50 day simple moving average of $115.80 and a 200-day simple moving average of $103.35. United States Lime & Minerals, Inc. has a one year low of $80.47 and a one year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its 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 business had revenue of $91.52 million for the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Dividend Announcement

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

Wall Street Analyst Weigh In

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

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 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 directly owned 98,532 shares of the company's stock, 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. Company insiders own 1.46% of the company's stock.

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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