Connor Clark & Lunn Investment Management Ltd. Has $539,000 Holdings in United States Lime & Minerals, Inc. $USLM

Connor Clark & Lunn Investment Management Ltd. lifted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 96.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,404 shares of the construction company’s stock after purchasing an additional 2,650 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in United States Lime & Minerals were worth $539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its stake in United States Lime & Minerals by 4,902.8% during the first quarter. Covestor Ltd now owns 1,801 shares of the construction company’s stock worth $159,000 after buying an additional 1,765 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of United States Lime & Minerals during the 1st quarter valued at about $213,000. Cannon Global Investment Management LLC acquired a new stake in shares of United States Lime & Minerals during the 2nd quarter valued at about $250,000. Alpine Global Management LLC bought a new stake in United States Lime & Minerals in the first quarter valued at about $222,000. Finally, CWM LLC increased its stake in United States Lime & Minerals by 27.0% in the first quarter. CWM LLC now owns 2,623 shares of the construction company’s stock valued at $232,000 after acquiring an additional 557 shares during the period. 27.12% of the stock is 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 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on USLM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of United States Lime & Minerals in a report on Monday. Wall Street Zen downgraded United States Lime & Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

United States Lime & Minerals Trading Up 1.9%

NASDAQ:USLM opened at $118.29 on Thursday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 26.00 and a beta of 1.02. United States Lime & Minerals, Inc. has a 1 year low of $80.47 and a 1 year high of $159.53. The firm has a 50 day moving average of $125.45 and a 200-day moving average of $113.65.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. United States Lime & Minerals had a return on equity of 24.61% and a net margin of 35.83%.

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 21st. United States Lime & Minerals’s payout ratio is currently 5.27%.

About United States Lime & Minerals

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.