Rhumbline Advisers Trims Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Rhumbline Advisers reduced its position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,350 shares of the construction company’s stock after selling 2,282 shares during the period. Rhumbline Advisers owned approximately 0.06% of United States Lime & Minerals worth $1,445,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of United States Lime & Minerals by 10,831.6% during the 1st quarter. GAMMA Investing LLC now owns 8,308 shares of the construction company’s stock valued at $734,000 after purchasing an additional 8,232 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of United States Lime & Minerals during the 4th quarter valued at $250,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of United States Lime & Minerals during the 4th quarter valued at $520,000. Pinnacle Wealth Management LLC purchased a new position in shares of United States Lime & Minerals during the 4th quarter valued at $2,021,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of United States Lime & Minerals by 34.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,030 shares of the construction company’s stock valued at $2,393,000 after purchasing an additional 4,592 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd.

United States Lime & Minerals Stock Performance

Shares of NASDAQ:USLM opened at $98.82 on Thursday. United States Lime & Minerals, Inc. has a 52-week low of $65.45 and a 52-week high of $159.53. The firm has a fifty day moving average of $98.83 and a 200 day moving average of $107.49. The firm has a market capitalization of $2.83 billion, a PE ratio of 23.53 and a beta of 1.01.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.19 earnings per share (EPS) for the quarter. United States Lime & Minerals had a net margin of 35.74% and a return on equity of 24.79%. The company had revenue of $91.25 million during the quarter.

United States Lime & Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were given a $0.06 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.24 annualized dividend and a yield of 0.24%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.71%.

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.