Insider Selling: United States Lime & Minerals (NASDAQ:USLM) CEO Sells 42,000 Shares of Stock

United States Lime & Minerals, Inc. (NASDAQ:USLM) CEO Timothy Byrne sold 42,000 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

United States Lime & Minerals Trading Down 1.8%

Shares of United States Lime & Minerals stock traded down $2.15 on Thursday, reaching $114.28. The stock had a trading volume of 78,690 shares, compared to its average volume of 154,607. The business’s 50 day moving average is $112.85 and its two-hundred day moving average is $114.86. 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 cap of $3.28 billion, a P/E ratio of 24.63 and a beta of 0.69.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Friday, October 30th. The construction company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.16). The firm had revenue of $106.19 million for the quarter, compared to analysts’ expectations 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 Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings upgraded United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Freedom Broker decreased their target price on 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. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $131.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in 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 valued at $74,793,000 after acquiring an additional 172,940 shares during the last quarter. State Street Corp lifted its stake in United States Lime & Minerals by 0.3% during the third quarter. State Street Corp now owns 420,810 shares of the construction company’s stock worth $47,598,000 after purchasing an additional 1,319 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of United States Lime & Minerals in the 3rd quarter worth about $3,701,000. Focus Advisor Solutions LLC purchased a new position in shares of United States Lime & Minerals in the 3rd quarter worth about $325,000. Finally, Public Sector Pension Investment Board increased its position in shares of United States Lime & Minerals by 1.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 36,996 shares of the construction company’s stock valued at $3,960,000 after purchasing an additional 646 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.