William Blair Investment Management LLC Purchases 70,457 Shares of United States Lime & Minerals, Inc. $USLM

Key Points

• William Blair Investment Management LLC increased its stake in United States Lime & Minerals by 24.5%, acquiring 70,457 additional shares during the second quarter, valuing its total holdings at approximately $35.7 million.
• CEO Timothy W. Byrne sold 27,425 shares of USLM stock for over $3.3 million, resulting in a 21.77% reduction in his ownership stake.
• The company reported quarterly earnings of $1.07 per share, missing estimates, and also announced a quarterly dividend of $0.06, representing a 0.2% yield.

William Blair Investment Management LLC boosted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 24.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 357,690 shares of the construction company's stock after purchasing an additional 70,457 shares during the quarter. William Blair Investment Management LLC owned about 1.25% of United States Lime & Minerals worth $35,697,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in USLM. Covestor Ltd raised its holdings in 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 valued at $159,000 after acquiring an additional 1,765 shares in the last quarter. Cerity Partners LLC acquired a new position in United States Lime & Minerals in the 1st quarter valued at $213,000. Alpine Global Management LLC acquired a new position in United States Lime & Minerals in the 1st quarter valued at $222,000. CWM LLC raised its holdings in United States Lime & Minerals by 27.0% in the 1st quarter. CWM LLC now owns 2,623 shares of the construction company's stock valued at $232,000 after acquiring an additional 557 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in United States Lime & Minerals in the 1st quarter valued at $243,000. 27.12% of the stock is currently owned by institutional investors.

Insider Transactions at United States Lime & Minerals

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 stock was 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 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 Securities & Exchange Commission, which is available at this link. 1.46% of the stock is currently owned by insiders.

United States Lime & Minerals Stock Up 0.7%

Shares of USLM stock opened at $132.52 on Friday. United States Lime & Minerals, Inc. has a twelve month low of $80.47 and a twelve month high of $159.53. The company has a market cap of $3.80 billion, a P/E ratio of 30.39 and a beta of 1.02. The business has a fifty day simple moving average of $124.59 and a 200 day simple moving average of $108.46.

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

United States Lime & Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 22nd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 22nd. United States Lime & Minerals's dividend payout ratio is presently 5.50%.

Analysts Set New Price Targets

USLM has been the subject of several analyst reports. Wall Street Zen cut United States Lime & Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of United States Lime & Minerals in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, United States Lime & Minerals presently has a consensus rating of "Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.