United States Lime & Minerals, Inc. $USLM Stock: Royce & Associates LP Boosts Position

Royce & Associates LP grew its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 35.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 298,894 shares of the construction company’s stock after purchasing an additional 78,331 shares during the period. Royce & Associates LP owned approximately 1.04% of United States Lime & Minerals worth $33,808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in United States Lime & Minerals by 833.3% in the third quarter. Sterling Capital Management LLC now owns 364 shares of the construction company’s stock valued at $41,000 after buying an additional 325 shares during the last quarter. GAMMA Investing LLC lifted its stake in United States Lime & Minerals by 77.1% during the 3rd quarter. GAMMA Investing LLC now owns 379 shares of the construction company’s stock valued at $43,000 after acquiring an additional 165 shares during the period. Fifth Third Bancorp acquired a new position in United States Lime & Minerals during the first quarter valued at $90,000. PNC Financial Services Group Inc. boosted its stake in shares of United States Lime & Minerals by 18.5% in the first quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company’s stock worth $97,000 after buying an additional 116 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in United States Lime & Minerals during the second quarter worth about $102,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Insider Buying and Selling at United States Lime & Minerals

In other United States Lime & Minerals news, Director Antoine M. Doumet sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the director directly owned 90,000 shares of the company’s stock, valued at $9,900,000. This trade represents a 18.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy Byrne sold 42,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $118.59, for a total value of $4,980,780.00. Following the transaction, the chief executive officer owned 72,741 shares in the company, valued at approximately $8,626,355.19. This represents a 36.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on USLM shares. Weiss Ratings raised shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Freedom Broker reduced their target price on United States Lime & Minerals from $132.00 to $131.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $131.00.

United States Lime & Minerals Stock Down 2.7%

Shares of United States Lime & Minerals stock traded down $3.10 during trading hours on Friday, reaching $111.18. 112,482 shares of the company’s stock were exchanged, compared to its average volume of 144,779. The business has a fifty day moving average of $112.73 and a two-hundred day moving average of $114.72. The company has a market capitalization of $3.19 billion, a P/E ratio of 23.96 and a beta of 0.69. United States Lime & Minerals, Inc. has a 1 year low of $96.27 and a 1 year high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings results on Friday, October 30th. The construction company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.16). The business had revenue of $106.19 million during the quarter, compared to analysts’ expectations of $122.00 million. United States Lime & Minerals had a return on equity of 19.65% and a net margin of 35.08%.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be issued a $0.06 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is presently 5.17%.

About United States Lime & Minerals

United States Lime & Minerals, Inc. produces and sells lime and limestone products. Its offerings include quicklime, hydrated lime, and crushed limestone, which are used in industrial processes and construction. The company’s products support a range of applications, including water and wastewater treatment, environmental control, metals processing, and construction. Its operations and customer base are centered in Texas and the surrounding south-central United States. In addition to its lime and limestone operations, United States Lime & Minerals holds interests in natural gas properties.