Northern Trust Corp Sells 4,001 Shares of United States Lime & Minerals, Inc. $USLM

Key Points

• Northern Trust Corp reduced its stake in United States Lime & Minerals by 3.6%, now owning approximately 107,931 shares valued at $9.54 million.
• The company reported quarterly earnings of $1.07 per share, missing the consensus estimate of $1.14, while revenue was $91.52 million, below expectations of $101 million.
• United States Lime & Minerals announced a quarterly dividend of $0.06, with a dividend yield of 0.2%, set to be paid on September 12th.

Northern Trust Corp decreased its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,931 shares of the construction company's stock after selling 4,001 shares during the period. Northern Trust Corp owned approximately 0.38% of United States Lime & Minerals worth $9,539,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of United States Lime & Minerals by 87.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,528 shares of the construction company's stock valued at $312,000 after purchasing an additional 1,643 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of United States Lime & Minerals by 6.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock valued at $412,000 after purchasing an additional 291 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of United States Lime & Minerals by 10,831.6% in the 1st quarter. GAMMA Investing LLC now owns 8,308 shares of the construction company's stock valued at $734,000 after purchasing an additional 8,232 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of United States Lime & Minerals by 59.4% in the 4th quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock valued at $1,294,000 after purchasing an additional 3,632 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of United States Lime & Minerals by 44.2% in the 1st quarter. SG Americas Securities LLC now owns 8,237 shares of the construction company's stock valued at $728,000 after purchasing an additional 2,526 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Stock Performance

NASDAQ:USLM traded up $3.75 during midday trading on Thursday, reaching $128.18. 100,864 shares of the stock traded hands, compared to its average volume of 120,506. The company has a fifty day moving average of $112.78 and a 200 day moving average of $101.90. United States Lime & Minerals, Inc. has a 12 month low of $79.80 and a 12 month high of $159.53. The stock has a market capitalization of $3.67 billion, a P/E ratio of 29.40 and a beta of 1.02.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The construction company reported $1.07 EPS for the quarter, missing the consensus estimate 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 company had revenue of $91.52 million during the quarter, compared to the consensus estimate of $101.00 million.

United States Lime & Minerals Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 27,425 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $121.05, for a total value of $3,319,796.25. Following the completion of the transaction, the chief executive officer directly owned 98,532 shares in the company, valued at approximately $11,927,298.60. This represents a 21.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.46% of the company's stock.

United States Lime & Minerals Company 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.