United States Lime & Minerals (NASDAQ:USLM) Stock: Insider Timothy Byrne Sells 42,000 Shares

United States Lime & Minerals, Inc. (NASDAQ:USLM) CEO Timothy Byrne sold 42,000 shares of the company’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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United States Lime & Minerals Price Performance

Shares of United States Lime & Minerals stock opened at $111.18 on Friday. United States Lime & Minerals, Inc. has a 1 year low of $96.27 and a 1 year high of $141.43. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 23.96 and a beta of 0.69. The business has a fifty day simple moving average of $112.73 and a two-hundred day simple moving average of $114.72.

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

United States Lime & Minerals Announces Dividend

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

Institutional Investors Weigh In On United States Lime & Minerals

Hedge funds have recently modified their holdings of the stock. First Trust Advisors LP lifted its holdings in shares of United States Lime & Minerals by 35.4% in the third quarter. First Trust Advisors LP now owns 661,241 shares of the construction company’s stock worth $74,793,000 after buying an additional 172,940 shares in the last quarter. State Street Corp lifted its position in United States Lime & Minerals by 0.3% in the 3rd quarter. State Street Corp now owns 420,810 shares of the construction company’s stock worth $47,598,000 after buying an additional 1,319 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in United States Lime & Minerals in the 3rd quarter worth $3,701,000. Focus Advisor Solutions LLC bought a new stake in United States Lime & Minerals in the third quarter valued at approximately $325,000. Finally, Public Sector Pension Investment Board grew its holdings in United States Lime & Minerals by 1.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 36,996 shares of the construction company’s stock worth $3,960,000 after acquiring an additional 646 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

USLM has been the topic of a number of research reports. Freedom Broker decreased their target price on shares of United States Lime & Minerals from $132.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Weiss Ratings upgraded shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, United States Lime & Minerals has an average rating of “Buy” and an average price target of $131.00.

United States Lime & Minerals Company Profile

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.