United States Lime & Minerals, Inc. $USLM Stock Holdings Trimmed by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in United States Lime & Minerals by 12.2%, owning 16,350 shares valued at approximately $1.45 million.
• In its latest earnings report, United States Lime & Minerals missed earnings expectations, reporting $1.07 EPS against the consensus estimate of $1.14.
• The company declared a quarterly dividend of $0.06 per share, reflecting an annualized dividend yield of 0.2%.

Rhumbline Advisers lessened its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 12.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,350 shares of the construction company's stock after selling 2,282 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of United States Lime & Minerals worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USLM. Bank of New York Mellon Corp raised its holdings in United States Lime & Minerals by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 51,822 shares of the construction company's stock valued at $4,580,000 after acquiring an additional 160 shares during the last quarter. Cardinal Capital Management boosted its stake in 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 buying an additional 164 shares during the last quarter. State of Wyoming acquired a new stake in United States Lime & Minerals in the 4th quarter worth about $35,000. Allspring Global Investments Holdings LLC lifted its holdings 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 worth $412,000 after acquiring an additional 291 shares during the period. Finally, Kaizen Financial Strategies lifted its holdings 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 worth $521,000 after acquiring an additional 433 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insider Buying and Selling at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 12,100 shares of the 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 completion of the transaction, the chief executive officer owned 86,432 shares of the company's stock, valued at approximately $10,328,624. This represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.46% of the stock is owned by corporate insiders.

United States Lime & Minerals Trading Down 0.4%

USLM traded down $0.55 during trading on Tuesday, hitting $129.69. 23,459 shares of the company's stock were exchanged, compared to its average volume of 127,583. The firm has a market cap of $3.71 billion, a P/E ratio of 29.78 and a beta of 1.02. The stock has a 50 day moving average price of $116.37 and a 200 day moving average price of $103.80. United States Lime & Minerals, Inc. has a 1 year low of $80.47 and a 1 year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted 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). 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 Announces Dividend

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

Analysts Set New Price Targets

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

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.