Renaissance Technologies LLC Sells 24,879 Shares of United States Lime & Minerals, Inc. $USLM

Renaissance Technologies LLC lessened its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,463 shares of the construction company’s stock after selling 24,879 shares during the period. Renaissance Technologies LLC’s holdings in United States Lime & Minerals were worth $80,255,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB raised its position in shares of United States Lime & Minerals by 3.3% during the 4th quarter. Handelsbanken Fonder AB now owns 3,100 shares of the construction company’s stock valued at $371,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of United States Lime & Minerals by 18.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company’s stock worth $97,000 after acquiring an additional 116 shares during the last quarter. ProShare Advisors LLC grew its position in United States Lime & Minerals by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 1,979 shares of the construction company’s stock worth $237,000 after acquiring an additional 126 shares in the last quarter. SG Americas Securities LLC grew its position in United States Lime & Minerals by 2.4% in the first quarter. SG Americas Securities LLC now owns 7,438 shares of the construction company’s stock worth $971,000 after acquiring an additional 176 shares in the last quarter. Finally, Comerica Bank increased its stake in United States Lime & Minerals by 28.6% in the fourth quarter. Comerica Bank now owns 827 shares of the construction company’s stock valued at $99,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Price Performance

NASDAQ:USLM opened at $110.99 on Friday. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 24.45 and a beta of 0.72. The business has a 50 day moving average of $106.58 and a 200 day moving average of $116.59. United States Lime & Minerals, Inc. has a 1-year low of $94.76 and a 1-year high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.14). The business had revenue of $87.83 million for the quarter, compared to the consensus estimate of $102.00 million. United States Lime & Minerals had a net margin of 35.40% and a return on equity of 21.28%.

United States Lime & Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is 5.29%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About United States Lime & Minerals

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium? and magnesium?based products.