Northern Trust Corp Trims Stock Position in 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 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 0.38% of United States Lime & Minerals worth $9,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Aptus Capital Advisors LLC grew its stake in shares of United States Lime & Minerals by 12.5% in the first quarter. Aptus Capital Advisors LLC now owns 37,411 shares of the construction company's stock worth $3,306,000 after acquiring an additional 4,155 shares in the last quarter. FCG Investment Co purchased a new stake in shares of United States Lime & Minerals during the 1st quarter worth $497,000. Algert Global LLC lifted its position in shares of United States Lime & Minerals by 50.9% during the 1st quarter. Algert Global LLC now owns 60,604 shares of the construction company's stock worth $5,356,000 after purchasing an additional 20,444 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of United States Lime & Minerals by 98.4% during the 1st quarter. Russell Investments Group Ltd. now owns 17,236 shares of the construction company's stock worth $1,523,000 after purchasing an additional 8,547 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of United States Lime & Minerals during the 1st quarter worth $2,250,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insiders Place Their Bets

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 27,425 shares of the company's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

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.

United States Lime & Minerals Trading Up 0.5%

Shares of United States Lime & Minerals stock traded up $0.63 on Tuesday, reaching $123.25. 149,996 shares of the stock were exchanged, compared to its average volume of 129,193. United States Lime & Minerals, Inc. has a 1-year low of $75.33 and a 1-year high of $159.53. The business has a fifty day moving average price of $111.45 and a two-hundred day moving average price of $101.35. The firm has a market capitalization of $3.53 billion, a PE 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 (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 firm had revenue of $91.52 million for the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Announces Dividend

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